Ethic Inc. Sells 19,058 Shares of Woodside Energy Group Ltd (NYSE:WDS)

Ethic Inc. lowered its holdings in Woodside Energy Group Ltd (NYSE:WDS - Free Report) by 35.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Huntington National Bank increased its position in shares of Woodside Energy Group by 482.5% in the fourth quarter. Huntington National Bank now owns 1,730 shares of the company's stock worth $27,000 after acquiring an additional 1,433 shares in the last quarter. R Squared Ltd purchased a new position in Woodside Energy Group during the 4th quarter worth approximately $30,000. Addison Advisors LLC raised its stake in Woodside Energy Group by 559.9% during the 4th quarter. Addison Advisors LLC now owns 1,973 shares of the company's stock valued at $31,000 after purchasing an additional 1,674 shares during the period. Smartleaf Asset Management LLC lifted its holdings in shares of Woodside Energy Group by 201.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,558 shares of the company's stock valued at $54,000 after purchasing an additional 2,379 shares in the last quarter. Finally, Bessemer Group Inc. boosted its position in shares of Woodside Energy Group by 135.6% in the fourth quarter. Bessemer Group Inc. now owns 3,603 shares of the company's stock worth $56,000 after buying an additional 2,074 shares during the period. 3.17% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Woodside Energy Group Stock Down 0.1%

Shares of NYSE WDS traded down $0.01 during trading hours on Wednesday, hitting $13.92. The stock had a trading volume of 116,338 shares, compared to its average volume of 952,954. The firm's 50-day moving average price is $13.39 and its two-hundred day moving average price is $14.75. Woodside Energy Group Ltd has a 52 week low of $11.26 and a 52 week high of $20.17. The company has a market capitalization of $26.43 billion, a P/E ratio of 16.97 and a beta of 0.61. 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 Cuts Dividend

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

Woodside Energy Group 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.