The Goldman Sachs Group Downgrades Woodside Energy Group (NYSE:WDS) to Hold

Woodside Energy Group (NYSE:WDS - Get Free Report) was downgraded by research analysts at The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a research note issued to investors on Thursday, Zacks.com reports.

Several other analysts have also issued reports on WDS. Royal Bank of Canada upgraded Woodside Energy Group to a "moderate buy" rating in a research note on Tuesday. Macquarie upgraded shares of Woodside Energy Group to a "strong-buy" rating in a report on Sunday, June 23rd.

View Our Latest Research Report on WDS

Woodside Energy Group Trading Up 1.5 %

Shares of Woodside Energy Group stock opened at $16.76 on Thursday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.03 and a quick ratio of 0.90. Woodside Energy Group has a 52 week low of $16.13 and a 52 week high of $25.65. The stock has a 50 day moving average price of $18.44 and a two-hundred day moving average price of $19.09.

Institutional Investors Weigh In On Woodside Energy Group

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP increased its holdings in Woodside Energy Group by 0.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 869,713 shares of the company's stock worth $16,360,000 after acquiring an additional 6,267 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Woodside Energy Group by 5.1% during the second quarter. Massachusetts Financial Services Co. MA now owns 185,770 shares of the company's stock worth $3,494,000 after purchasing an additional 9,082 shares during the last quarter. Choreo LLC purchased a new position in shares of Woodside Energy Group during the second quarter valued at $202,000. Caprock Group LLC increased its stake in shares of Woodside Energy Group by 47.0% during the second quarter. Caprock Group LLC now owns 19,380 shares of the company's stock valued at $365,000 after buying an additional 6,198 shares during the period. Finally, Hourglass Capital LLC grew its stake in Woodside Energy Group by 6.0% in the second quarter. Hourglass Capital LLC now owns 198,559 shares of the company's stock valued at $3,735,000 after purchasing an additional 11,326 shares during the last quarter. Hedge funds and other 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.

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