Woodside Energy Group (NYSE:WDS) Downgraded to “Sell” at Citigroup

Citigroup downgraded shares of Woodside Energy Group (NYSE:WDS) from a neutral rating to a sell rating in a report released on Wednesday morning, Marketbeat reports.

Other equities analysts have also recently issued reports about the stock. Royal Bank of Canada upgraded shares of Woodside Energy Group to a moderate buy rating in a research report on Tuesday, August 6th. The Goldman Sachs Group cut shares of Woodside Energy Group from a strong-buy rating to a hold rating in a research report on Thursday, August 8th. Macquarie upgraded shares of Woodside Energy Group to a strong-buy rating in a research report on Sunday, June 23rd. Sanford C. Bernstein cut shares of Woodside Energy Group from an outperform rating to a market perform rating in a research report on Tuesday, August 20th. Finally, Morgan Stanley cut shares of Woodside Energy Group from an overweight rating to an equal weight rating in a research report on Tuesday, August 27th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of Hold.

Woodside Energy Group Trading Down 4.7 %

Shares of Woodside Energy Group stock opened at $15.89 on Wednesday. Woodside Energy Group has a twelve month low of $15.81 and a twelve month high of $24.85. The company has a current ratio of 1.24, a quick ratio of 0.90 and a debt-to-equity ratio of 0.13. The company has a 50-day simple moving average of $18.16 and a two-hundred day simple moving average of $18.66.

Woodside Energy Group Increases Dividend

The business also recently disclosed a Semi-Annual dividend, which will be paid on Thursday, October 3rd. Investors of record on Friday, September 6th will be given a dividend of $0.67 per share. This represents a yield of 6.8%. This is a boost from Woodside Energy Group’s previous Semi-Annual dividend of $0.60. The ex-dividend date is Friday, September 6th.

Hedge Funds Weigh In On Woodside Energy Group

Institutional investors have recently added to or reduced their stakes in the stock. Massachusetts Financial Services Co. MA increased its position in Woodside Energy Group by 70.5% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 141,284 shares of the company’s stock worth $2,980,000 after purchasing an additional 58,412 shares in the last quarter. International Assets Investment Management LLC bought a new stake in Woodside Energy Group during the 4th quarter worth approximately $1,010,000. Stifel Financial Corp grew its holdings in Woodside Energy Group by 21.2% during the 4th quarter. Stifel Financial Corp now owns 220,231 shares of the company’s stock worth $4,645,000 after acquiring an additional 38,497 shares during the last quarter. US Bancorp DE grew its holdings in Woodside Energy Group by 65.7% during the 1st quarter. US Bancorp DE now owns 114,125 shares of the company’s stock worth $2,279,000 after acquiring an additional 45,258 shares during the last quarter. Finally, Tidal Investments LLC bought a new stake in Woodside Energy Group during the 1st quarter worth approximately $272,000. 3.17% of the stock is currently owned by institutional investors and hedge funds.

Woodside Energy Group Company Profile

Woodside Energy Group Ltd engages in the exploration, evaluation, development, production, and marketing of hydrocarbons in the Asia Pacific, Africa, the Americas, and the Europe. The company produces liquefied natural gas, pipeline gas, crude oil and condensate, and natural gas liquids. It holds interests in the Pluto LNG, North West Shelf, Wheatstone and Julimar-Brunello, Bass Strait, Ngujima-Yin FPSO, Okha FPSO, Pyrenees FPSO, Macedon, Shenzi, Mad dog, Greater Angostura, as well as Scarborough, Sangomar, Trion, Calypso, Browse, Liard, Atlantis, Woodside Solar opportunity, and Sunrise and Troubadour.