Forum Financial Management LP Buys 47,465 Shares of Woodside Energy Group Ltd (NYSE:WDS)

Forum Financial Management LP increased its stake in Woodside Energy Group Ltd (NYSE:WDS - Free Report) by 181.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 73,556 shares of the company's stock after acquiring an additional 47,465 shares during the quarter. Forum Financial Management LP's holdings in Woodside Energy Group were worth $1,147,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Natixis Advisors LLC lifted its position in shares of Woodside Energy Group by 15.6% in the 4th quarter. Natixis Advisors LLC now owns 1,774,759 shares of the company's stock worth $27,686,000 after purchasing an additional 239,308 shares during the period. Marshall Wace LLP bought a new position in Woodside Energy Group during the fourth quarter worth $7,809,000. Raymond James Financial Inc. acquired a new position in Woodside Energy Group in the fourth quarter valued at $6,554,000. Summit Global Investments bought a new stake in Woodside Energy Group during the fourth quarter valued at $5,308,000. Finally, Hourglass Capital LLC grew its holdings in Woodside Energy Group by 3.1% during the 4th quarter. Hourglass Capital LLC now owns 226,249 shares of the company's stock worth $3,529,000 after acquiring an additional 6,778 shares during the period. 3.17% of the stock is currently owned by institutional investors.

Woodside Energy Group Stock Up 0.4 %

Woodside Energy Group stock traded up $0.05 during mid-day trading on Thursday, reaching $12.87. The stock had a trading volume of 386,272 shares, compared to its average volume of 972,679. The firm has a market capitalization of $24.44 billion, a PE ratio of 15.70 and a beta of 0.76. Woodside Energy Group Ltd has a fifty-two week low of $11.26 and a fifty-two week high of $20.17. The stock's 50-day simple moving average is $13.97 and its 200-day simple moving average is $15.18. 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 Cuts Dividend

The firm also recently disclosed 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 payout ratio is 124.39%.

Analyst Ratings Changes

WDS has been the topic of a number of recent analyst reports. Bank of America raised Woodside Energy Group from a "neutral" rating to a "buy" rating in a research note on Wednesday, January 29th. Macquarie lowered Woodside Energy Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 8th. Finally, Citigroup raised shares of Woodside Energy Group from a "sell" rating to a "neutral" rating in a research report on Tuesday, February 25th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Woodside Energy Group currently has an average rating of "Hold".

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.