Summit Global Investments Takes Position in Woodside Energy Group Ltd (NYSE:WDS)

Summit Global Investments bought a new position in Woodside Energy Group Ltd (NYSE:WDS - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 340,285 shares of the company's stock, valued at approximately $5,308,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in WDS. FMR LLC raised its holdings in shares of Woodside Energy Group by 92.2% during the 3rd quarter. FMR LLC now owns 2,023,151 shares of the company's stock worth $34,879,000 after acquiring an additional 970,640 shares in the last quarter. Natixis Advisors LLC raised its stake in Woodside Energy Group by 15.6% during 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. Associated Banc Corp lifted its position in Woodside Energy Group by 0.6% during the third quarter. Associated Banc Corp now owns 842,490 shares of the company's stock valued at $14,525,000 after purchasing an additional 5,067 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Woodside Energy Group in the 4th quarter worth $6,554,000. Finally, Jane Street Group LLC increased its holdings in shares of Woodside Energy Group by 154.0% in the 3rd quarter. Jane Street Group LLC now owns 308,503 shares of the company's stock worth $5,319,000 after buying an additional 187,033 shares during the last quarter. 3.17% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently commented on WDS shares. Bank of America raised shares of 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 report on Tuesday, February 25th. Four research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy".

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Woodside Energy Group Trading Up 1.0 %

Shares of WDS traded up $0.15 during midday trading on Wednesday, hitting $14.72. The stock had a trading volume of 578,742 shares, compared to its average volume of 921,743. Woodside Energy Group Ltd has a 1 year low of $14.11 and a 1 year high of $20.30. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.24 and a quick ratio of 1.09. The stock's 50 day moving average is $15.16 and its 200 day moving average is $15.77. The firm has a market cap of $27.94 billion, a PE ratio of 17.95 and a beta of 1.03.

Woodside Energy Group Cuts Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Wednesday, April 2nd. Shareholders 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%.

About Woodside Energy Group

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.