Associated Banc Corp Lowers Stake in Woodside Energy Group Ltd (NYSE:WDS)

Associated Banc Corp cut its holdings in Woodside Energy Group Ltd (NYSE:WDS - Free Report) by 29.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 595,150 shares of the company's stock after selling 247,340 shares during the quarter. Associated Banc Corp's holdings in Woodside Energy Group were worth $9,284,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of WDS. FMR LLC grew its holdings in shares of Woodside Energy Group by 92.2% in the third quarter. FMR LLC now owns 2,023,151 shares of the company's stock valued at $34,879,000 after purchasing an additional 970,640 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Woodside Energy Group in the fourth quarter valued at $6,554,000. Jane Street Group LLC grew its holdings in shares of Woodside Energy Group by 154.0% in the third quarter. Jane Street Group LLC now owns 308,503 shares of the company's stock valued at $5,319,000 after purchasing an additional 187,033 shares in the last quarter. HighTower Advisors LLC grew its holdings in shares of Woodside Energy Group by 148.6% in the third quarter. HighTower Advisors LLC now owns 137,468 shares of the company's stock valued at $2,354,000 after purchasing an additional 82,161 shares in the last quarter. Finally, Quantinno Capital Management LP grew its holdings in shares of Woodside Energy Group by 81.8% in the third quarter. Quantinno Capital Management LP now owns 171,107 shares of the company's stock valued at $2,950,000 after purchasing an additional 76,967 shares in the last quarter. 3.17% of the stock is owned by hedge funds and other institutional investors.

Remove Ads

Analysts Set New Price Targets

Several research analysts have commented on WDS shares. Citigroup raised shares of Woodside Energy Group from a "sell" rating to a "neutral" rating in a research note on Tuesday, February 25th. Bank of America raised shares of Woodside Energy Group from a "neutral" rating to a "buy" rating in a research note on Wednesday, January 29th. Four analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy".

Woodside Energy Group Trading Down 1.0 %

Shares of WDS traded down $0.15 during trading hours on Tuesday, reaching $14.51. 855,418 shares of the company traded hands, compared to its average volume of 919,551. The firm has a market cap of $27.54 billion, a price-to-earnings ratio of 17.69 and a beta of 1.03. Woodside Energy Group Ltd has a 12-month low of $14.11 and a 12-month high of $20.30. The company has a current ratio of 1.24, a quick ratio of 1.09 and a debt-to-equity ratio of 0.13. The stock's fifty day moving average price is $15.31 and its 200 day moving average price is $15.88.

Woodside Energy Group Cuts Dividend

The business also recently announced a semi-annual dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Friday, March 7th will be paid a dividend of $0.51 per share. This represents a dividend yield of 7.6%. The ex-dividend date of this dividend is Friday, March 7th. Woodside Energy Group's dividend payout ratio is currently 124.39%.

Woodside Energy Group 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.