Marshall Wace LLP Makes New Investment in Woodside Energy Group Ltd (NYSE:WDS)

Marshall Wace LLP bought a new position in shares of Woodside Energy Group Ltd (NYSE:WDS - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 500,572 shares of the company's stock, valued at approximately $7,809,000.

Other hedge funds also recently added to or reduced their stakes in the company. Natixis Advisors LLC raised its stake 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 acquiring an additional 239,308 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Woodside Energy Group in the 4th quarter valued at about $6,554,000. Summit Global Investments acquired a new position in shares of Woodside Energy Group during the fourth quarter worth about $5,308,000. Hourglass Capital LLC increased its stake in shares of Woodside Energy Group by 3.1% during the fourth quarter. Hourglass Capital LLC now owns 226,249 shares of the company's stock worth $3,529,000 after buying an additional 6,778 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its holdings in Woodside Energy Group by 2.3% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 198,071 shares of the company's stock valued at $3,090,000 after acquiring an additional 4,398 shares in the last quarter. 3.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on WDS shares. Citigroup raised shares of Woodside Energy Group from a "sell" rating to a "neutral" rating in a research report on Tuesday, February 25th. Bank of America upgraded Woodside Energy Group from a "neutral" rating to a "buy" rating in a report on Wednesday, January 29th. Finally, Macquarie cut Woodside Energy Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 8th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold".

Woodside Energy Group Price Performance

Shares of NYSE WDS traded up $0.02 during midday trading on Friday, hitting $12.91. The company had a trading volume of 561,633 shares, compared to its average volume of 954,337. The company has a quick ratio of 1.09, a current ratio of 1.24 and a debt-to-equity ratio of 0.13. The business has a 50-day simple moving average of $13.87 and a two-hundred day simple moving average of $15.11. Woodside Energy Group Ltd has a twelve month low of $11.26 and a twelve month high of $20.17. The firm has a market capitalization of $24.51 billion, a price-to-earnings ratio of 15.74 and a beta of 0.76.

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 paid a $0.51 dividend. 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 Company 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.