Short Interest in Woodside Energy Group Ltd (NYSE:WDS) Drops By 14.6%

Woodside Energy Group Ltd (NYSE:WDS - Get Free Report) was the target of a large drop in short interest during the month of March. As of March 31st, there was short interest totalling 1,810,000 shares, a drop of 14.6% from the March 15th total of 2,120,000 shares. Based on an average trading volume of 960,500 shares, the days-to-cover ratio is presently 1.9 days. Currently, 0.1% of the shares of the company are short sold.

Woodside Energy Group Price Performance

Shares of WDS stock traded up $0.01 on Friday, hitting $12.90. 152,961 shares of the stock traded hands, compared to its average volume of 953,574. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.24 and a quick ratio of 1.09. Woodside Energy Group has a 52 week low of $11.26 and a 52 week high of $20.17. The firm has a 50 day simple moving average of $13.91 and a two-hundred day simple moving average of $15.15. The firm has a market cap of $24.48 billion, a price-to-earnings ratio of 15.71 and a beta of 0.76.

Woodside Energy Group Cuts Dividend

The firm also recently declared a semi-annual dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Friday, March 7th were issued a dividend of $0.51 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a yield of 7.6%. Woodside Energy Group's dividend payout ratio is presently 124.39%.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Woodside Energy Group

Several large investors have recently made changes to their positions in WDS. Summit Global Investments bought a new stake in Woodside Energy Group during the 4th quarter valued at approximately $5,308,000. GAMMA Investing LLC grew its holdings in Woodside Energy Group by 43.6% during the 4th quarter. GAMMA Investing LLC now owns 2,176 shares of the company's stock valued at $34,000 after buying an additional 661 shares in the last quarter. Rhumbline Advisers raised its position in shares of Woodside Energy Group by 3.1% during the fourth quarter. Rhumbline Advisers now owns 43,629 shares of the company's stock valued at $681,000 after buying an additional 1,314 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Woodside Energy Group in the fourth quarter worth $6,554,000. Finally, Confluence Investment Management LLC lifted its holdings in shares of Woodside Energy Group by 16.2% in the fourth quarter. Confluence Investment Management LLC now owns 24,363 shares of the company's stock worth $380,000 after buying an additional 3,400 shares in the last quarter. 3.17% of the stock is currently owned by hedge funds and other institutional investors.

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.