LPL Financial LLC increased its stake in shares of Woodside Energy Group Ltd (NYSE:WDS - Free Report) by 90.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,238 shares of the company's stock after buying an additional 27,133 shares during the quarter. LPL Financial LLC's holdings in Woodside Energy Group were worth $893,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Natixis Advisors LLC lifted its holdings in shares of Woodside Energy Group by 15.6% in the fourth quarter. Natixis Advisors LLC now owns 1,774,759 shares of the company's stock valued at $27,686,000 after purchasing an additional 239,308 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Woodside Energy Group during the 4th quarter worth about $6,554,000. Summit Global Investments purchased a new position in Woodside Energy Group during the fourth quarter valued at approximately $5,308,000. Hourglass Capital LLC boosted its stake in Woodside Energy Group by 3.1% during the fourth quarter. Hourglass Capital LLC now owns 226,249 shares of the company's stock valued at $3,529,000 after buying an additional 6,778 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in Woodside Energy Group by 7.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 150,770 shares of the company's stock valued at $2,352,000 after purchasing an additional 10,110 shares during the last quarter. 3.17% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several research analysts have recently commented on WDS shares. Citigroup upgraded Woodside Energy Group from a "sell" rating to a "neutral" rating in a report on Tuesday, February 25th. Macquarie lowered Woodside Energy Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 8th. Finally, Bank of America upgraded shares of Woodside Energy Group from a "neutral" rating to a "buy" rating in a report on Wednesday, January 29th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold".
Check Out Our Latest Research Report on WDS
Woodside Energy Group Price Performance
Shares of NYSE:WDS traded up $0.03 during midday trading on Friday, hitting $12.92. The company's stock had a trading volume of 398,932 shares, compared to its average volume of 954,677. The business's 50 day simple moving average is $13.91 and its 200 day simple moving average is $15.15. The company has a market cap of $24.53 billion, a P/E ratio of 15.75 and a beta of 0.76. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.09 and a current ratio of 1.24. Woodside Energy Group Ltd has a 12-month low of $11.26 and a 12-month high of $20.17.
Woodside Energy Group Cuts Dividend
The company also recently disclosed a semi-annual dividend, which was paid on Wednesday, April 2nd. Investors of record on Friday, March 7th were given a dividend of $0.51 per share. This represents a yield of 7.6%. The ex-dividend date was Friday, March 7th. Woodside Energy Group's payout ratio is currently 124.39%.
Woodside Energy Group Profile
(
Free Report)
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.
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