Woodside Energy Group (NYSE:WDS) Upgraded at Zacks Research

Woodside Energy Group (NYSE:WDS) was upgraded by analysts at Zacks Research to a “hold” rating in a research note issued on Tuesday,Zacks.com reports.

Several other equities analysts have also commented on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Woodside Energy Group in a research note on Monday, June 8th. Needham & Company LLC initiated coverage on shares of Woodside Energy Group in a research report on Tuesday. They set a “neutral” rating and a $23.21 price objective for the company. Finally, Bank of America started coverage on shares of Woodside Energy Group in a report on Tuesday. They issued a “neutral” rating and a $23.21 target price for the company. Four equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $23.21.

Woodside Energy Group Stock Performance

WDS stock opened at $22.93 on Tuesday. The business has a 50 day moving average price of $21.22 and a 200 day moving average price of $21.51. Woodside Energy Group has a fifty-two week low of $14.27 and a fifty-two week high of $25.19. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.46 and a current ratio of 1.59.

Institutional Trading of Woodside Energy Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Callan Family Office LLC lifted its position in Woodside Energy Group by 7.1% during the 2nd quarter. Callan Family Office LLC now owns 43,231 shares of the company’s stock worth $835,000 after acquiring an additional 2,859 shares during the period. Vise Technologies Inc. increased its holdings in shares of Woodside Energy Group by 34.3% in the second quarter. Vise Technologies Inc. now owns 32,949 shares of the company’s stock valued at $637,000 after purchasing an additional 8,417 shares during the period. XY Capital Ltd acquired a new stake in shares of Woodside Energy Group during the second quarter worth $3,439,000. Meriwether Wealth & Planning LLC lifted its holdings in shares of Woodside Energy Group by 8.9% during the second quarter. Meriwether Wealth & Planning LLC now owns 13,474 shares of the company’s stock worth $260,000 after purchasing an additional 1,103 shares during the period. Finally, GAMMA Investing LLC grew its position in Woodside Energy Group by 27.0% in the 2nd quarter. GAMMA Investing LLC now owns 6,649 shares of the company’s stock valued at $128,000 after buying an additional 1,414 shares during the last quarter. 3.17% of the stock is owned by hedge funds and other institutional investors.

Woodside Energy Group Company Profile

Woodside Energy Group (NYSE: WDS) is an Australia-based energy company focused on the exploration, development, production and marketing of oil and natural gas, with a strong emphasis on liquefied natural gas (LNG). The company’s activities span the upstream value chain, including exploration and appraisal of hydrocarbon resources, development and operation of production facilities, and the sale and delivery of hydrocarbons to global customers.

Woodside’s operations center on conventional oil and gas projects and large-scale LNG processing and export, supported by project management, engineering and commercial trading capabilities.