Woodside Energy Group Ltd (NYSE:WDS) Position Trimmed by HighTower Advisors LLC

HighTower Advisors LLC lessened its stake in Woodside Energy Group Ltd (NYSE:WDS - Free Report) by 44.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 75,960 shares of the company's stock after selling 61,508 shares during the period. HighTower Advisors LLC's holdings in Woodside Energy Group were worth $1,185,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. FMR LLC boosted 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 acquiring an additional 970,640 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Woodside Energy Group in the fourth quarter worth approximately $6,554,000. Jane Street Group LLC boosted its stake in Woodside Energy Group by 154.0% during the 3rd 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. Quantinno Capital Management LP increased its position in shares of Woodside Energy Group by 81.8% during the 3rd 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 during the period. Finally, Stifel Financial Corp raised its stake in shares of Woodside Energy Group by 22.6% in the 3rd quarter. Stifel Financial Corp now owns 298,463 shares of the company's stock worth $5,146,000 after buying an additional 55,078 shares in the last quarter. Institutional investors and hedge funds own 3.17% of the company's stock.

Woodside Energy Group Trading Up 0.2 %

WDS stock traded up $0.03 during mid-day trading on Friday, reaching $14.92. 647,916 shares of the stock traded hands, compared to its average volume of 929,584. Woodside Energy Group Ltd has a 52-week low of $14.11 and a 52-week high of $20.30. The stock's fifty day moving average is $15.09 and its 200-day moving average is $15.75. The company has a market cap of $28.32 billion, a P/E ratio of 18.19 and a beta of 1.03. The company has a current ratio of 1.24, a quick ratio of 1.09 and a debt-to-equity ratio of 0.13.

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 $0.51 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a dividend yield of 7.6%. Woodside Energy Group's dividend payout ratio (DPR) is presently 124.39%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on WDS. Citigroup raised Woodside Energy Group from a "sell" rating to a "neutral" rating in a report on Tuesday, February 25th. Bank of America upgraded Woodside Energy Group from a "neutral" rating to a "buy" rating in a research 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 MarketBeat.com, the company 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.