Graham Capital Management L.P. bought a new position in shares of Woodside Energy Group Ltd (NYSE:WDS - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 42,214 shares of the company's stock, valued at approximately $612,000.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in WDS. Smartleaf Asset Management LLC grew its stake in Woodside Energy Group by 24.9% during the 1st quarter. Smartleaf Asset Management LLC now owns 4,445 shares of the company's stock worth $66,000 after purchasing an additional 887 shares in the last quarter. Mission Wealth Management LP grew its position in shares of Woodside Energy Group by 8.9% during the first quarter. Mission Wealth Management LP now owns 12,692 shares of the company's stock worth $184,000 after buying an additional 1,042 shares in the last quarter. Cullen Frost Bankers Inc. increased its stake in shares of Woodside Energy Group by 10.1% during the first quarter. Cullen Frost Bankers Inc. now owns 12,164 shares of the company's stock worth $176,000 after buying an additional 1,119 shares during the period. Mercer Global Advisors Inc. ADV raised its holdings in Woodside Energy Group by 10.2% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 12,434 shares of the company's stock valued at $194,000 after acquiring an additional 1,155 shares in the last quarter. Finally, Greenline Partners LLC purchased a new position in Woodside Energy Group in the fourth quarter worth approximately $30,000. Hedge funds and other institutional investors own 3.17% of the company's stock.
Analyst Ratings Changes
WDS has been the subject of several analyst reports. Wall Street Zen upgraded shares of Woodside Energy Group from a "sell" rating to a "hold" rating in a report on Saturday, September 6th. CLSA upgraded shares of Woodside Energy Group to a "strong-buy" rating in a research note on Tuesday, June 24th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Woodside Energy Group currently has a consensus rating of "Moderate Buy".
Read Our Latest Stock Report on WDS
Woodside Energy Group Stock Up 0.7%
Shares of NYSE:WDS traded up $0.12 during trading on Thursday, hitting $16.65. 705,868 shares of the company were exchanged, compared to its average volume of 662,725. The firm's 50 day moving average price is $16.78 and its 200-day moving average price is $15.11. Woodside Energy Group Ltd has a 12-month low of $11.26 and a 12-month high of $18.42. 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 $31.60 billion, a P/E ratio of 20.30 and a beta of 0.69.
Woodside Energy Group Increases Dividend
The business also recently declared a semi-annual dividend, which will be paid on Wednesday, September 24th. Investors of record on Friday, August 29th will be given a $0.53 dividend. This represents a yield of 616.0%. This is a boost from Woodside Energy Group's previous semi-annual dividend of $0.51. The ex-dividend date of this dividend is Friday, August 29th. Woodside Energy Group's dividend payout ratio is presently 124.39%.
About Woodside Energy Group
(
Free Report)
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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