Abel Hall LLC Makes New Investment in Woodside Energy Group Ltd $WDS

Key Points

• Abel Hall LLC has made a new investment in Woodside Energy Group Ltd, acquiring 42,153 shares valued at approximately $650,000.
• The company reported a semi-annual dividend increase to $0.53 per share, up from $0.51, indicating a strong focus on returning value to shareholders.
• Research analysts have given Woodside Energy Group an average rating of "Moderate Buy"**, with recent upgrades reflecting a positive outlook on the stock.

Abel Hall LLC acquired a new stake in Woodside Energy Group Ltd (NYSE:WDS - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 42,153 shares of the company's stock, valued at approximately $650,000.

Several other large investors have also made changes to their positions in WDS. Smartleaf Asset Management LLC raised its holdings in shares of Woodside Energy Group by 24.9% during the first quarter. Smartleaf Asset Management LLC now owns 4,445 shares of the company's stock worth $66,000 after purchasing an additional 887 shares during the last quarter. Mission Wealth Management LP grew its position in Woodside Energy Group by 8.9% during the 1st quarter. Mission Wealth Management LP now owns 12,692 shares of the company's stock worth $184,000 after purchasing an additional 1,042 shares during the period. Geneos Wealth Management Inc. raised its stake in shares of Woodside Energy Group by 111.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 2,092 shares of the company's stock valued at $30,000 after buying an additional 1,102 shares during the last quarter. Cullen Frost Bankers Inc. lifted its holdings in shares of Woodside Energy Group by 10.1% in the 1st quarter. Cullen Frost Bankers Inc. now owns 12,164 shares of the company's stock valued at $176,000 after buying an additional 1,119 shares during the period. Finally, GAMMA Investing LLC boosted its stake in shares of Woodside Energy Group by 105.5% in the second quarter. GAMMA Investing LLC now owns 2,723 shares of the company's stock worth $42,000 after buying an additional 1,398 shares during the last quarter. 3.17% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Weiss Ratings reiterated a "hold (c)" rating on shares of Woodside Energy Group in a research report on Saturday, September 27th. Wall Street Zen raised shares of Woodside Energy Group from a "sell" rating to a "hold" rating in a research note on Sunday, September 28th. Finally, CLSA upgraded shares of Woodside Energy Group to a "strong-buy" rating in a research note on Tuesday, June 24th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy".

Woodside Energy Group Stock Down 0.8%

Woodside Energy Group stock opened at $15.20 on Wednesday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.90 and a quick ratio of 1.74. The stock has a market capitalization of $28.85 billion, a PE ratio of 18.53 and a beta of 0.63. The business has a 50 day simple moving average of $16.51 and a 200-day simple moving average of $15.19. Woodside Energy Group Ltd has a 12 month low of $11.26 and a 12 month high of $17.76.

Woodside Energy Group Increases Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Wednesday, September 24th. Shareholders of record on Friday, August 29th were given a dividend of $0.53 per share. This is a boost from Woodside Energy Group's previous semi-annual dividend of $0.51. This represents a yield of 616.0%. The ex-dividend date was Friday, August 29th. Woodside Energy Group's dividend payout ratio (DPR) is currently 124.39%.

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.

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