Meriwether Wealth & Planning LLC Makes New Investment in Woodside Energy Group Ltd (NYSE:WDS)

Meriwether Wealth & Planning LLC bought a new position in Woodside Energy Group Ltd (NYSE:WDS - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 18,923 shares of the company's stock, valued at approximately $295,000.

Other large investors also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC acquired a new stake in Woodside Energy Group in the third quarter worth about $183,000. Oppenheimer & Co. Inc. raised its position in shares of Woodside Energy Group by 18.7% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 45,623 shares of the company's stock worth $787,000 after buying an additional 7,174 shares in the last quarter. Hourglass Capital LLC lifted its stake in shares of Woodside Energy Group by 10.5% in the 3rd quarter. Hourglass Capital LLC now owns 219,471 shares of the company's stock worth $3,784,000 after acquiring an additional 20,912 shares during the period. Avior Wealth Management LLC boosted its holdings in shares of Woodside Energy Group by 155.3% in the third quarter. Avior Wealth Management LLC now owns 1,644 shares of the company's stock valued at $28,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its stake in shares of Woodside Energy Group by 4.3% during the third quarter. Massachusetts Financial Services Co. MA now owns 193,673 shares of the company's stock valued at $3,339,000 after acquiring an additional 7,903 shares during the period. Institutional investors and hedge funds own 3.17% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Bank of America upgraded Woodside Energy Group from a "neutral" rating to a "buy" rating in a research report on Wednesday, January 29th. Citigroup upgraded Woodside Energy Group from a "sell" rating to a "neutral" rating in a report on Tuesday, February 25th. Four research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy".

Remove Ads

Woodside Energy Group Price Performance

Shares of NYSE WDS traded down $0.22 during midday trading on Thursday, reaching $14.13. The company's stock had a trading volume of 917,074 shares, compared to its average volume of 856,062. The company has a market cap of $26.82 billion, a price-to-earnings ratio of 17.23 and a beta of 1.03. Woodside Energy Group Ltd has a one year low of $14.10 and a one year high of $20.30. The company has a current ratio of 1.24, a quick ratio of 1.09 and a debt-to-equity ratio of 0.13. The company has a 50 day moving average price of $15.43 and a 200 day moving average price of $16.00.

Woodside Energy Group Cuts Dividend

The business also recently declared a semi-annual dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Friday, March 7th will be issued 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 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.