Naviter Wealth LLC Purchases Shares of 23,706 Woodside Energy Group Ltd $WDS

Key Points

• Naviter Wealth LLC acquired 23,706 shares of Woodside Energy Group Ltd, valued at approximately $366,000, marking a significant investment in the company during the second quarter.
• Woodside Energy Group recently increased its semi-annual dividend to $0.53, representing a yield of 616.0%, up from a previous dividend of $0.51.
• Stock analysts have mixed ratings for Woodside Energy Group, with one analyst issuing a Strong Buy rating, while several others have lowered their assessments, including a recent downgrade to a sell rating by Wall Street Zen.

Naviter Wealth LLC purchased a new stake in shares of Woodside Energy Group Ltd (NYSE:WDS - Free Report) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 23,706 shares of the company's stock, valued at approximately $366,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC boosted its stake in shares of Woodside Energy Group by 295.7% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 50,963 shares of the company's stock worth $786,000 after acquiring an additional 38,083 shares in the last quarter. Yousif Capital Management LLC boosted its stake in shares of Woodside Energy Group by 8.8% during the 2nd quarter. Yousif Capital Management LLC now owns 32,264 shares of the company's stock worth $498,000 after acquiring an additional 2,615 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its stake in shares of Woodside Energy Group by 16.5% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 116,991 shares of the company's stock worth $1,805,000 after acquiring an additional 16,573 shares in the last quarter. U S Global Investors Inc. bought a new stake in shares of Woodside Energy Group during the 2nd quarter worth $231,000. Finally, PDS Planning Inc bought a new stake in shares of Woodside Energy Group during the 2nd quarter worth $169,000. 3.17% of the stock is owned by institutional investors.

Woodside Energy Group Stock Down 0.1%

Shares of Woodside Energy Group stock opened at $14.47 on Wednesday. The stock has a 50-day moving average price of $16.27 and a 200 day moving average price of $15.19. The company has a market cap of $27.51 billion, a P/E ratio of 17.65 and a beta of 0.63. The company has a current ratio of 1.90, a quick ratio of 1.74 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 $17.70.

Woodside Energy Group Increases Dividend

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

Analyst Ratings Changes

WDS has been the subject of several research reports. Wall Street Zen lowered Woodside Energy Group from a "hold" rating to a "sell" rating in a research note on Saturday. CLSA raised Woodside Energy Group to a "strong-buy" rating in a research note on Tuesday, June 24th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Woodside Energy Group in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Woodside Energy Group presently has a consensus rating of "Moderate Buy".

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.