Woodside Energy Group (NYSE:WDS) Rating Lowered to “Sell” at Wall Street Zen

Woodside Energy Group (NYSE:WDS) was downgraded by Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued to investors on Monday.

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Woodside Energy Group in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, Woodside Energy Group has a consensus rating of “Moderate Buy”.

Woodside Energy Group Stock Performance

Woodside Energy Group stock opened at $16.58 on Monday. Woodside Energy Group has a 52-week low of $11.26 and a 52-week high of $17.70. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.90 and a quick ratio of 1.74. The firm has a fifty day moving average of $15.95 and a 200-day moving average of $16.07.

Institutional Trading of Woodside Energy Group

Hedge funds and other institutional investors have recently modified their holdings of the company. Kornitzer Capital Management Inc. KS grew its stake in shares of Woodside Energy Group by 1.5% in the 2nd quarter. Kornitzer Capital Management Inc. KS now owns 42,515 shares of the company’s stock valued at $656,000 after buying an additional 643 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Woodside Energy Group by 38.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,317 shares of the company’s stock worth $36,000 after buying an additional 646 shares during the last quarter. Savant Capital LLC boosted its holdings in shares of Woodside Energy Group by 3.0% during the 3rd quarter. Savant Capital LLC now owns 24,408 shares of the company’s stock worth $367,000 after buying an additional 701 shares during the period. NewEdge Advisors LLC grew its stake in Woodside Energy Group by 21.9% in the 2nd quarter. NewEdge Advisors LLC now owns 4,171 shares of the company’s stock valued at $64,000 after buying an additional 750 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its holdings in Woodside Energy Group by 17.6% in the 2nd quarter. Smartleaf Asset Management LLC now owns 5,226 shares of the company’s stock worth $81,000 after acquiring an additional 781 shares during the period. Institutional investors own 3.17% of the company’s stock.

About Woodside Energy Group

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.