Woodside Energy Group Ltd (NYSE:WDS) Shares Sold by Ethic Inc.

Ethic Inc. lowered its stake in Woodside Energy Group Ltd (NYSE:WDS - Free Report) by 35.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 34,975 shares of the company's stock after selling 19,058 shares during the period. Ethic Inc.'s holdings in Woodside Energy Group were worth $546,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in WDS. Barclays PLC boosted its holdings in Woodside Energy Group by 565.6% in the third quarter. Barclays PLC now owns 4,067 shares of the company's stock valued at $71,000 after acquiring an additional 3,456 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Woodside Energy Group by 33.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 35,580 shares of the company's stock worth $613,000 after purchasing an additional 8,890 shares in the last quarter. Ritholtz Wealth Management raised its position in Woodside Energy Group by 10.7% in the 4th quarter. Ritholtz Wealth Management now owns 53,050 shares of the company's stock worth $828,000 after buying an additional 5,136 shares during the last quarter. Aaron Wealth Advisors LLC purchased a new stake in shares of Woodside Energy Group during the 4th quarter valued at about $203,000. Finally, Blue Trust Inc. increased its holdings in Woodside Energy Group by 22.9% in the 4th quarter. Blue Trust Inc. now owns 40,208 shares of the company's stock worth $693,000 after acquiring an additional 7,485 shares in the last quarter. Institutional investors own 3.17% of the company's stock.

Woodside Energy Group Stock Performance

NYSE:WDS traded down $0.05 during trading hours on Monday, reaching $14.03. The company had a trading volume of 580,637 shares, compared to its average volume of 956,586. Woodside Energy Group Ltd has a 1-year low of $11.26 and a 1-year high of $20.17. The firm has a market cap of $26.64 billion, a PE ratio of 17.11 and a beta of 0.61. The business's 50 day moving average price is $13.40 and its 200-day moving average price is $14.76. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.24 and a quick ratio of 1.09.

Woodside Energy Group Cuts Dividend

The company also recently declared a semi-annual dividend, which was paid on Wednesday, April 2nd. Investors of record on Friday, March 7th were given a dividend of $0.51 per share. This represents a dividend yield of 7.6%. The ex-dividend date of this dividend was Friday, March 7th. Woodside Energy Group's payout ratio is 124.39%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Macquarie downgraded Woodside Energy Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 8th. Bank of America upgraded Woodside Energy Group from a "neutral" rating to a "buy" rating in a research report on Wednesday, January 29th. Finally, Citigroup upgraded Woodside Energy Group from a "sell" rating to a "neutral" rating in a research note on Tuesday, February 25th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Woodside Energy Group currently has a consensus rating of "Hold".

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.