Shares of Woodside Energy Group Ltd (NYSE:WDS - Get Free Report) gapped up before the market opened on Tuesday following a dividend announcement from the company. The stock had previously closed at $14.61, but opened at $15.30. Woodside Energy Group shares last traded at $15.24, with a volume of 121,408 shares changing hands.
The newly announced dividend which will be paid on Wednesday, April 2nd. Stockholders of record on Friday, March 7th will be issued a $0.51 dividend. This represents a dividend yield of 7.6%. The ex-dividend date is Friday, March 7th. Woodside Energy Group's dividend payout ratio (DPR) is 163.41%.
Analyst Upgrades and Downgrades
Several research firms have weighed in on WDS. Bank of America upgraded Woodside Energy Group from a "neutral" rating to a "buy" rating in a report on Wednesday, January 29th. Citigroup upgraded shares of Woodside Energy Group from a "sell" rating to a "neutral" rating in a report on Tuesday. Four equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Woodside Energy Group has an average rating of "Moderate Buy".
Read Our Latest Stock Report on WDS
Woodside Energy Group Trading Down 1.0 %
The company has a quick ratio of 1.09, a current ratio of 1.24 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $29.16 billion, a P/E ratio of 18.73 and a beta of 1.09. The business has a fifty day moving average price of $15.50 and a 200 day moving average price of $16.15.
Institutional Investors Weigh In On Woodside Energy Group
Institutional investors have recently bought and sold shares of the company. GAMMA Investing LLC lifted its position in shares of Woodside Energy Group by 43.6% in the fourth quarter. GAMMA Investing LLC now owns 2,176 shares of the company's stock worth $34,000 after purchasing an additional 661 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Woodside Energy Group by 12.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 140,660 shares of the company's stock valued at $2,425,000 after buying an additional 16,118 shares during the last quarter. Sanctuary Advisors LLC increased its stake in Woodside Energy Group by 100.2% in the 3rd quarter. Sanctuary Advisors LLC now owns 79,715 shares of the company's stock valued at $1,303,000 after buying an additional 39,905 shares during the last quarter. Confluence Investment Management LLC lifted its position in Woodside Energy Group by 16.2% during the 4th 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. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of Woodside Energy Group by 23.9% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 12,560 shares of the company's stock valued at $198,000 after acquiring an additional 2,425 shares in the last quarter. Institutional investors own 3.17% of the company's stock.
About Woodside Energy Group
(
Get 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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