Cubist Systematic Strategies LLC Makes New Investment in Woodside Energy Group Ltd $WDS

Key Points

• Cubist Systematic Strategies LLC acquired 150,226 shares of Woodside Energy Group Ltd, valued at approximately $2.17 million, during the first quarter, indicating growing institutional interest.
• Woodside Energy Group has increased its semi-annual dividend to $0.53 per share, up from $0.51, reflecting a high yield of 616.0%.
• Brokerage firms have shown positivity towards Woodside Energy Group, with ratings moving from "sell" to "hold" and "strong-buy" options emerging.

Cubist Systematic Strategies LLC bought a new stake in Woodside Energy Group Ltd (NYSE:WDS - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 150,226 shares of the company's stock, valued at approximately $2,177,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Graham Capital Management L.P. acquired a new position in Woodside Energy Group in the first quarter valued at approximately $612,000. OLD Mission Capital LLC acquired a new position in shares of Woodside Energy Group during the first quarter worth approximately $2,487,000. Vident Advisory LLC boosted its position in shares of Woodside Energy Group by 65.9% during the first quarter. Vident Advisory LLC now owns 78,364 shares of the company's stock worth $1,136,000 after buying an additional 31,117 shares during the period. Kayne Anderson Rudnick Investment Management LLC boosted its position in shares of Woodside Energy Group by 40.1% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 44,639 shares of the company's stock worth $647,000 after buying an additional 12,782 shares during the period. Finally, Smartleaf Asset Management LLC boosted its position 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 buying an additional 887 shares during the period. 3.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on WDS. CLSA upgraded Woodside Energy Group to a "strong-buy" rating in a research report on Tuesday, June 24th. Wall Street Zen upgraded Woodside Energy Group from a "sell" rating to a "hold" rating in a research report on Saturday, September 6th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy".

Woodside Energy Group Price Performance

WDS traded down $0.57 during trading on Friday, reaching $16.07. The stock had a trading volume of 833,627 shares, compared to its average volume of 662,030. The firm has a market capitalization of $30.51 billion, a price-to-earnings ratio of 19.60 and a beta of 0.69. The company has a quick ratio of 1.74, a current ratio of 1.90 and a debt-to-equity ratio of 0.31. Woodside Energy Group Ltd has a 1-year low of $11.26 and a 1-year high of $18.42. The stock has a 50 day moving average of $16.79 and a two-hundred day moving average of $15.11.

Woodside Energy Group Increases Dividend

The company also recently announced a semi-annual dividend, which will be paid on Wednesday, September 24th. Shareholders of record on Friday, August 29th will be given a $0.53 dividend. This represents a yield of 616.0%. This is a positive change from Woodside Energy Group's previous semi-annual dividend of $0.51. The ex-dividend date is Friday, August 29th. Woodside Energy Group's payout ratio is currently 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.