Woodside Energy Group (NYSE:WDS) Lowered to “Hold” at The Goldman Sachs Group

The Goldman Sachs Group downgraded shares of Woodside Energy Group (NYSE:WDS) from a strong-buy rating to a hold rating in a research note issued to investors on Thursday, Zacks.com reports.

Other analysts also recently issued research reports about the stock. Royal Bank of Canada raised shares of Woodside Energy Group to a moderate buy rating in a report on Tuesday, August 6th. Macquarie raised Woodside Energy Group to a strong-buy rating in a research note on Sunday, June 23rd.

Woodside Energy Group Stock Performance

NYSE:WDS opened at $16.76 on Thursday. Woodside Energy Group has a 52-week low of $16.13 and a 52-week high of $25.65. The stock has a fifty day simple moving average of $18.44 and a 200-day simple moving average of $19.07. The company has a quick ratio of 0.90, a current ratio of 1.03 and a debt-to-equity ratio of 0.14.

Institutional Investors Weigh In On Woodside Energy Group

Several hedge funds have recently modified their holdings of WDS. Massachusetts Financial Services Co. MA boosted its position in Woodside Energy Group by 70.5% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 141,284 shares of the company’s stock worth $2,980,000 after acquiring an additional 58,412 shares during the last quarter. GAMMA Investing LLC acquired a new stake in shares of Woodside Energy Group during the fourth quarter worth $30,000. International Assets Investment Management LLC purchased a new stake in shares of Woodside Energy Group in the fourth quarter valued at $1,010,000. Stifel Financial Corp grew its position in shares of Woodside Energy Group by 21.2% in the fourth quarter. Stifel Financial Corp now owns 220,231 shares of the company’s stock valued at $4,645,000 after purchasing an additional 38,497 shares during the period. Finally, US Bancorp DE increased its stake in Woodside Energy Group by 65.7% in the first quarter. US Bancorp DE now owns 114,125 shares of the company’s stock valued at $2,279,000 after purchasing an additional 45,258 shares during the last quarter. 3.17% of the stock is owned by institutional investors and hedge funds.

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.