Hourglass Capital LLC Grows Stock Holdings in Woodside Energy Group Ltd $WDS

Key Points

• Hourglass Capital LLC increased its holdings in Woodside Energy Group Ltd by 15.1% during the second quarter, owning a total of 310,814 shares valued at approximately $4.8 million.
• Woodside Energy recently announced a semi-annual dividend of $0.53, reflecting a yield of 616.0%, up from its previous dividend of $0.51.
• Multiple brokerages have differing ratings on Woodside Energy, with one downgrade to a "sell" rating, while CLSA upgraded it to a "strong-buy," resulting in an average rating of "Moderate Buy."

Hourglass Capital LLC grew its holdings in Woodside Energy Group Ltd (NYSE:WDS - Free Report) by 15.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 310,814 shares of the company's stock after acquiring an additional 40,704 shares during the period. Hourglass Capital LLC's holdings in Woodside Energy Group were worth $4,796,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in WDS. Geneos Wealth Management Inc. boosted its holdings in shares of Woodside Energy Group by 111.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 2,092 shares of the company's stock valued at $30,000 after acquiring an additional 1,102 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Woodside Energy Group by 105.5% in the 2nd quarter. GAMMA Investing LLC now owns 2,723 shares of the company's stock valued at $42,000 after acquiring an additional 1,398 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings in 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 in the last quarter. Sage Rhino Capital LLC purchased a new stake in Woodside Energy Group during the first quarter worth $146,000. Finally, Moors & Cabot Inc. purchased a new stake in Woodside Energy Group during the first quarter worth $146,000. 3.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on WDS. Wall Street Zen downgraded shares of Woodside Energy Group from a "hold" rating to a "sell" rating in a report on Saturday, October 11th. Weiss Ratings reissued a "hold (c)" rating on shares of Woodside Energy Group in a report on Wednesday, October 8th. Finally, CLSA upgraded shares of Woodside Energy Group to a "strong-buy" rating in a research report on Tuesday, June 24th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy".

Woodside Energy Group Price Performance

Shares of NYSE WDS opened at $14.55 on Thursday. The firm has a 50-day simple moving average of $16.22 and a 200-day simple moving average of $15.18. The stock has a market capitalization of $27.65 billion, a price-to-earnings ratio of 17.74 and a beta of 0.63. 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 52 week low of $11.26 and a 52 week high of $17.70.

Woodside Energy Group Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Wednesday, September 24th. Stockholders of record on Friday, August 29th were given a $0.53 dividend. This represents a dividend 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 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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