HighTower Advisors LLC Trims Holdings in Woodside Energy Group Ltd (NYSE:WDS)

HighTower Advisors LLC reduced its stake in shares of Woodside Energy Group Ltd (NYSE:WDS - Free Report) by 44.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 75,960 shares of the company's stock after selling 61,508 shares during the quarter. HighTower Advisors LLC's holdings in Woodside Energy Group were worth $1,185,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of WDS. GAMMA Investing LLC boosted its holdings in shares of Woodside Energy Group by 43.6% in the fourth quarter. GAMMA Investing LLC now owns 2,176 shares of the company's stock valued at $34,000 after acquiring an additional 661 shares during the period. Mission Wealth Management LP boosted its stake in Woodside Energy Group by 8.2% during the 4th quarter. Mission Wealth Management LP now owns 11,650 shares of the company's stock worth $182,000 after purchasing an additional 881 shares during the period. Avior Wealth Management LLC boosted its stake in Woodside Energy Group by 155.3% during the 3rd quarter. Avior Wealth Management LLC now owns 1,644 shares of the company's stock worth $28,000 after purchasing an additional 1,000 shares during the period. Rhumbline Advisers grew its position in Woodside Energy Group by 3.1% during the 4th quarter. Rhumbline Advisers now owns 43,629 shares of the company's stock worth $681,000 after purchasing an additional 1,314 shares during the last quarter. Finally, Cromwell Holdings LLC increased its stake in Woodside Energy Group by 34.1% in the fourth quarter. Cromwell Holdings LLC now owns 5,957 shares of the company's stock valued at $93,000 after purchasing an additional 1,515 shares during the period. 3.17% of the stock is owned by hedge funds and other institutional investors.

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Woodside Energy Group Price Performance

NYSE:WDS traded up $0.02 during mid-day trading on Friday, hitting $14.91. 297,555 shares of the company's stock traded hands, compared to its average volume of 928,806. Woodside Energy Group Ltd has a 1 year low of $14.11 and a 1 year high of $20.30. The company has a market cap of $28.31 billion, a PE ratio of 18.20 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 firm's 50 day simple moving average is $15.11 and its 200 day simple moving average is $15.76.

Woodside Energy Group Cuts Dividend

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

Analysts Set New Price Targets

A number of equities analysts recently issued reports on WDS shares. Bank of America raised Woodside Energy Group from a "neutral" rating to a "buy" rating in a report on Wednesday, January 29th. Citigroup upgraded Woodside Energy Group from a "sell" rating to a "neutral" rating in a research note on Tuesday, February 25th. Four research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average 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.