Associated Banc Corp Sells 247,340 Shares of Woodside Energy Group Ltd (NYSE:WDS)

Associated Banc Corp cut its stake in Woodside Energy Group Ltd (NYSE:WDS - Free Report) by 29.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 595,150 shares of the company's stock after selling 247,340 shares during the period. Associated Banc Corp's holdings in Woodside Energy Group were worth $9,284,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Sequoia Financial Advisors LLC lifted its holdings in Woodside Energy Group by 30.9% in the fourth quarter. Sequoia Financial Advisors LLC now owns 19,770 shares of the company's stock worth $308,000 after buying an additional 4,666 shares during the period. Meriwether Wealth & Planning LLC purchased a new position in shares of Woodside Energy Group during the fourth quarter valued at approximately $295,000. Dorsey & Whitney Trust CO LLC purchased a new position in shares of Woodside Energy Group during the fourth quarter valued at approximately $170,000. West Family Investments Inc. purchased a new position in shares of Woodside Energy Group during the fourth quarter valued at approximately $269,000. Finally, Callan Family Office LLC purchased a new position in shares of Woodside Energy Group during the fourth quarter valued at approximately $409,000. 3.17% of the stock is currently owned by hedge funds and other institutional investors.

Woodside Energy Group Stock Up 1.2 %

Shares of WDS traded up $0.17 on Wednesday, hitting $14.68. 769,223 shares of the stock traded hands, compared to its average volume of 918,952. The company has a market capitalization of $27.88 billion, a PE ratio of 17.90 and a beta of 1.03. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.09 and a current ratio of 1.24. The business has a 50 day simple moving average of $15.31 and a 200 day simple moving average of $15.88. Woodside Energy Group Ltd has a one year low of $14.11 and a one year high of $20.30.

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Woodside Energy Group Cuts Dividend

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

Analysts Set New Price Targets

WDS has been the subject of several recent research reports. Citigroup upgraded shares of Woodside Energy Group from a "sell" rating to a "neutral" rating in a report on Tuesday, February 25th. Bank of America upgraded shares of Woodside Energy Group from a "neutral" rating to a "buy" rating in a report on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy".

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.