Envestnet Asset Management Inc. Purchases 166,495 Shares of Woodside Energy Group Ltd $WDS

Key Points

• Envestnet Asset Management increased its Woodside Energy Group position by 67% in the second quarter, purchasing 166,495 additional shares and bringing its holdings to 415,076 shares valued at approximately $8.0 million.
• Analysts maintain a generally neutral view of WDS: four analysts rate the stock “Hold,” with an average price target of $23.21 versus its reported opening price of $21.77.
• Woodside recently paid a $0.57-per-share dividend, while the company’s shares have traded between $14.27 and $25.19 over the past 52 weeks.

Envestnet Asset Management Inc. grew its position in Woodside Energy Group Ltd (NYSE:WDS - Free Report) by 67.0% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 415,076 shares of the company's stock after buying an additional 166,495 shares during the period. Envestnet Asset Management Inc.'s holdings in Woodside Energy Group were worth $8,019,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. First Trust Advisors LP grew its stake in shares of Woodside Energy Group by 25.8% during the first quarter. First Trust Advisors LP now owns 1,119,202 shares of the company's stock worth $26,727,000 after purchasing an additional 229,625 shares during the period. XY Capital Ltd acquired a new position in Woodside Energy Group during the second quarter valued at approximately $3,439,000. Quantinno Capital Management LP increased its stake in Woodside Energy Group by 20.6% in the first quarter. Quantinno Capital Management LP now owns 613,278 shares of the company's stock valued at $14,645,000 after purchasing an additional 104,720 shares in the last quarter. McAlvany Wealth Management LLC bought a new stake in Woodside Energy Group in the fourth quarter valued at approximately $1,480,000. Finally, Barometer Capital Management Inc. acquired a new stake in Woodside Energy Group in the first quarter worth $1,595,000. Institutional investors own 3.17% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on WDS shares. Bank of America began coverage on shares of Woodside Energy Group in a research report on Tuesday, August 11th. They set a "neutral" rating and a $23.21 price target on the stock. Needham & Company LLC initiated coverage on Woodside Energy Group in a research report on Tuesday, August 11th. They issued a "neutral" rating and a $23.21 target price on the stock. Zacks Research upgraded Woodside Energy Group to a "hold" rating in a research note on Tuesday, August 11th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Woodside Energy Group in a report on Friday, September 4th. Four analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $23.21.

Woodside Energy Group Price Performance

NYSE:WDS opened at $21.77 on Friday. The firm's 50-day simple moving average is $23.03 and its 200 day simple moving average is $22.46. Woodside Energy Group Ltd has a 52 week low of $14.27 and a 52 week high of $25.19. The company has a quick ratio of 1.28, a current ratio of 1.39 and a debt-to-equity ratio of 0.25.

Woodside Energy Group Dividend Announcement

The business also recently announced a dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 4th were issued a dividend of $0.57 per share. This represents a dividend yield of 500.0%. The ex-dividend date of this dividend was Friday, September 4th.

Woodside Energy Group Profile

Woodside Energy Group Ltd. is an Australian energy company engaged in the exploration, development, production and marketing of oil and natural gas. Its products include liquefied natural gas (LNG), pipeline gas, condensate, crude oil and liquefied petroleum gas, which it supplies to customers in Australia and international markets.

The company operates a portfolio of upstream assets and LNG projects, including the Pluto LNG and North West Shelf operations in Western Australia. Its international interests include the Sangomar oil and gas project offshore Senegal and the Wheatstone LNG project in the United States.

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