Wells Fargo & Company MN reduced its stake in Woodside Energy Group Ltd (NYSE:WDS - Free Report) by 20.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 90,322 shares of the company's stock after selling 22,825 shares during the period. Wells Fargo & Company MN's holdings in Woodside Energy Group were worth $1,409,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Pitcairn Co. purchased a new stake in Woodside Energy Group in the 4th quarter valued at about $271,000. Huntington National Bank raised its holdings in Woodside Energy Group by 482.5% in the 4th quarter. Huntington National Bank now owns 1,730 shares of the company's stock valued at $27,000 after buying an additional 1,433 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in Woodside Energy Group by 2.3% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 198,071 shares of the company's stock valued at $3,090,000 after buying an additional 4,398 shares during the period. Franklin Resources Inc. raised its holdings in Woodside Energy Group by 15.0% in the 4th quarter. Franklin Resources Inc. now owns 17,791 shares of the company's stock valued at $278,000 after buying an additional 2,325 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in Woodside Energy Group by 4.0% in the 4th quarter. JPMorgan Chase & Co. now owns 36,997 shares of the company's stock valued at $577,000 after buying an additional 1,417 shares during the period. 3.17% of the stock is currently owned by hedge funds and other institutional investors.
Woodside Energy Group Stock Up 0.2 %
WDS stock opened at $12.91 on Monday. The company's 50 day moving average price is $13.87 and its 200 day moving average price is $15.08. 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 Ltd has a fifty-two week low of $11.26 and a fifty-two week 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 announced a semi-annual dividend, which was paid on Wednesday, April 2nd. Investors of record on Friday, March 7th were paid a dividend of $0.51 per share. The ex-dividend date was Friday, March 7th. This represents a dividend yield of 7.6%. Woodside Energy Group's payout ratio is 124.39%.
Wall Street Analysts Forecast Growth
A number of analysts have issued reports on the stock. Bank of America upgraded shares of Woodside Energy Group from a "neutral" rating to a "buy" rating in a research note on Wednesday, January 29th. Citigroup upgraded shares of Woodside Energy Group from a "sell" rating to a "neutral" rating in a research note on Tuesday, February 25th. Finally, Macquarie lowered shares of Woodside Energy Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 8th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, Woodside Energy Group presently has an average rating of "Hold".
Read Our Latest Analysis on WDS
About Woodside Energy Group
(
Free Report)
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.
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