Woodside Energy Group (NYSE:WDS) Stock Rating Lowered by Morgan Stanley

Morgan Stanley lowered shares of Woodside Energy Group (NYSE:WDS) from an overweight rating to an equal weight rating in a report published on Tuesday, Marketbeat reports.

A number of other equities analysts have also recently commented on the stock. Royal Bank of Canada raised shares of Woodside Energy Group to a moderate buy rating in a research note on Tuesday, August 6th. Sanford C. Bernstein lowered shares of Woodside Energy Group from an outperform rating to a market perform rating in a report on Tuesday, August 20th. The Goldman Sachs Group lowered shares of Woodside Energy Group from a strong-buy rating to a hold rating in a report on Thursday, August 8th. Finally, Macquarie upgraded shares of Woodside Energy Group to a strong-buy rating in a report on Sunday, June 23rd. Four investment analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. According to MarketBeat.com, Woodside Energy Group has an average rating of Hold.

Woodside Energy Group Stock Up 0.4 %

WDS stock opened at $18.31 on Tuesday. Woodside Energy Group has a 12 month low of $16.13 and a 12 month high of $25.05. The company has a quick ratio of 0.90, a current ratio of 1.03 and a debt-to-equity ratio of 0.14. The company has a 50-day moving average price of $18.27 and a 200 day moving average price of $18.77.

Woodside Energy Group Increases Dividend

The firm also recently declared a Semi-Annual dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Friday, September 6th will be issued a $0.67 dividend. The ex-dividend date of this dividend is Friday, September 6th. This represents a dividend yield of 6.8%. This is a positive change from Woodside Energy Group’s previous Semi-Annual dividend of $0.60.

Institutional Investors Weigh In On Woodside Energy Group

Several large investors have recently modified their holdings of WDS. International Assets Investment Management LLC bought a new stake in shares of Woodside Energy Group in the 4th quarter valued at about $1,010,000. GAMMA Investing LLC bought a new stake in shares of Woodside Energy Group in the 4th quarter valued at about $30,000. Yousif Capital Management LLC raised its holdings in shares of Woodside Energy Group by 77.6% in the 4th quarter. Yousif Capital Management LLC now owns 32,238 shares of the company’s stock valued at $680,000 after purchasing an additional 14,090 shares in the last quarter. Hexagon Capital Partners LLC raised its stake in shares of Woodside Energy Group by 399.8% during the 4th quarter. Hexagon Capital Partners LLC now owns 2,019 shares of the company’s stock worth $43,000 after acquiring an additional 1,615 shares in the last quarter. Finally, Natixis Advisors L.P. raised its stake in shares of Woodside Energy Group by 15.4% during the 4th quarter. Natixis Advisors L.P. now owns 1,424,126 shares of the company’s stock worth $30,034,000 after acquiring an additional 189,539 shares in the last quarter. Institutional investors own 3.17% of the company’s stock.

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.