Woodside Energy Group (NYSE:WDS) Trading Down 14.9% - Here's What Happened

Woodside Energy Group Ltd (NYSE:WDS - Get Free Report) dropped 14.9% during mid-day trading on Friday . The company traded as low as $11.50 and last traded at $11.59. Approximately 1,290,382 shares were traded during mid-day trading, an increase of 38% from the average daily volume of 933,965 shares. The stock had previously closed at $13.62.

Analysts Set New Price Targets

Several brokerages have recently commented on WDS. Citigroup upgraded shares of Woodside Energy Group from a "sell" rating to a "neutral" rating in a research note on Tuesday, February 25th. Bank of America upgraded Woodside Energy Group from a "neutral" rating to a "buy" rating in a report on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy".

Woodside Energy Group Stock Performance

The firm's fifty day moving average price is $14.54 and its 200-day moving average price is $15.51. The company has a current ratio of 1.24, a quick ratio of 1.09 and a debt-to-equity ratio of 0.13. The company has a market cap of $23.83 billion, a P/E ratio of 15.30 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. Stockholders of record on Friday, March 7th were paid a $0.51 dividend. This represents a dividend yield of 7.6%. The ex-dividend date was Friday, March 7th. Woodside Energy Group's dividend payout ratio (DPR) is currently 124.39%.

Institutional Trading of Woodside Energy Group

Institutional investors have recently bought and sold shares of the business. Huntington National Bank raised its position in shares of Woodside Energy Group by 482.5% during the fourth quarter. Huntington National Bank now owns 1,730 shares of the company's stock worth $27,000 after purchasing an additional 1,433 shares during the period. Greenline Partners LLC acquired a new stake in shares of Woodside Energy Group in the 4th quarter valued at about $30,000. R Squared Ltd bought a new stake in shares of Woodside Energy Group in the fourth quarter valued at about $30,000. Addison Advisors LLC boosted its position in shares of Woodside Energy Group by 559.9% during the fourth quarter. Addison Advisors LLC now owns 1,973 shares of the company's stock worth $31,000 after buying an additional 1,674 shares during the period. Finally, GAMMA Investing LLC grew its holdings in shares of Woodside Energy Group by 43.6% during the fourth quarter. GAMMA Investing LLC now owns 2,176 shares of the company's stock worth $34,000 after buying an additional 661 shares in the last quarter. Institutional investors and hedge funds own 3.17% of the company's stock.

Woodside Energy Group Company Profile

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.