Woodside Energy Group (NYSE:WDS) Reaches New 12-Month Low - What's Next?

Woodside Energy Group Ltd (NYSE:WDS - Get Free Report) reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $13.80 and last traded at $13.84, with a volume of 576591 shares traded. The stock had previously closed at $14.54.

Analysts Set New Price Targets

WDS has been the topic of a number of research reports. Citigroup raised shares of Woodside Energy Group from a "sell" rating to a "neutral" rating in a report on Tuesday, February 25th. Bank of America raised Woodside Energy Group from a "neutral" rating to a "buy" rating in a research report on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy".

Woodside Energy Group Stock Down 0.3 %

The stock has a market capitalization of $21.85 billion, a P/E ratio of 14.03 and a beta of 0.76. 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 has a fifty day moving average price of $14.65 and a 200 day moving average price of $15.56.

Woodside Energy Group Cuts Dividend

The business also recently announced 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. This represents a yield of 7.6%. The ex-dividend date was Friday, March 7th. Woodside Energy Group's payout ratio is presently 124.39%.

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Institutional Investors Weigh In On Woodside Energy Group

A number of institutional investors and hedge funds have recently modified their holdings of the company. Charles Schwab Investment Management Inc. increased its holdings in Woodside Energy Group by 12.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 140,660 shares of the company's stock worth $2,425,000 after acquiring an additional 16,118 shares during the period. FMR LLC boosted its stake in Woodside Energy Group by 92.2% during the third quarter. FMR LLC now owns 2,023,151 shares of the company's stock valued at $34,879,000 after buying an additional 970,640 shares during the period. Captrust Financial Advisors grew its position in Woodside Energy Group by 14.7% during the third quarter. Captrust Financial Advisors now owns 24,013 shares of the company's stock worth $414,000 after buying an additional 3,080 shares in the last quarter. Benjamin Edwards Inc. bought a new position in Woodside Energy Group in the 3rd quarter worth about $230,000. Finally, HighTower Advisors LLC raised its holdings in shares of Woodside Energy Group by 148.6% in the 3rd quarter. HighTower Advisors LLC now owns 137,468 shares of the company's stock valued at $2,354,000 after acquiring an additional 82,161 shares in the last quarter. 3.17% of the stock is 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.