Northern Trust Corp Sells 151,370 Shares of Woodside Energy Group Ltd $WDS

Key Points

• Northern Trust Corp has reduced its holdings in Woodside Energy Group Ltd by 13.9%, selling 151,370 shares in the first quarter, bringing its total ownership to 937,916 shares worth approximately $13.59 million.
• Analysts have mixed opinions on Woodside Energy Group, with one firm rating it as a "strong-buy" while another downgraded it to a "sell," leading to a consensus rating of "Moderate Buy."
• Woodside Energy Group has announced a semi-annual dividend increase to $0.53 per share, which will be paid on September 24, reflecting a dividend yield of 616.0% and a payout ratio of 124.39%.

Northern Trust Corp lessened its holdings in Woodside Energy Group Ltd (NYSE:WDS - Free Report) by 13.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 937,916 shares of the company's stock after selling 151,370 shares during the quarter. Northern Trust Corp's holdings in Woodside Energy Group were worth $13,590,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Greenline Partners LLC bought a new stake in Woodside Energy Group in the 4th quarter worth approximately $30,000. Sage Rhino Capital LLC purchased a new stake in Woodside Energy Group in the first quarter valued at $146,000. Moors & Cabot Inc. acquired a new stake in shares of Woodside Energy Group in the first quarter valued at approximately $146,000. Moody National Bank Trust Division purchased a new stake in Woodside Energy Group during the 1st quarter worth $147,000. Finally, Vise Technologies Inc. acquired a new position in Woodside Energy Group during the 4th quarter valued at about $165,000. 3.17% of the stock is currently owned by institutional investors and hedge funds.

Woodside Energy Group Stock Down 2.1%

NYSE:WDS traded down $0.36 during trading hours on Monday, hitting $16.30. The stock had a trading volume of 381,748 shares, compared to its average volume of 886,289. 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 $18.42. The business has a 50 day simple moving average of $16.72 and a two-hundred day simple moving average of $15.06. The company has a market cap of $30.94 billion, a PE ratio of 19.87 and a beta of 0.69.

Woodside Energy Group Increases Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Wednesday, September 24th. Stockholders of record on Friday, August 29th will be paid a dividend of $0.53 per share. The ex-dividend date is Friday, August 29th. This represents a dividend 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%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. CLSA raised shares of Woodside Energy Group to a "strong-buy" rating in a research note on Tuesday, June 24th. Wall Street Zen upgraded shares of Woodside Energy Group from a "sell" rating to a "hold" rating in a report on Saturday. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy".

Woodside Energy Group Company 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.