Woodside Energy Group Ltd $WDS Shares Sold by Northern Trust Corp

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 1st quarter, according to its most recent filing with the SEC. The firm owned 937,916 shares of the company's stock after selling 151,370 shares during the period. Northern Trust Corp's holdings in Woodside Energy Group were worth $13,590,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of WDS. Mission Wealth Management LP lifted its position in Woodside Energy Group by 8.9% during the first quarter. Mission Wealth Management LP now owns 12,692 shares of the company's stock valued at $184,000 after acquiring an additional 1,042 shares during the last quarter. Cullen Frost Bankers Inc. lifted its position in Woodside Energy Group by 10.1% during the first quarter. Cullen Frost Bankers Inc. now owns 12,164 shares of the company's stock valued at $176,000 after acquiring an additional 1,119 shares during the last quarter. Mercer Global Advisors Inc. ADV grew its stake in shares of Woodside Energy Group by 10.2% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 12,434 shares of the company's stock worth $194,000 after acquiring an additional 1,155 shares during the last quarter. Greenline Partners LLC purchased a new stake in shares of Woodside Energy Group during the fourth quarter worth about $30,000. Finally, Cambridge Investment Research Advisors Inc. grew its stake in shares of Woodside Energy Group by 7.0% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 39,368 shares of the company's stock worth $570,000 after acquiring an additional 2,560 shares during the last quarter. Hedge funds and other institutional investors own 3.17% of the company's stock.

Wall Street Analysts Forecast Growth

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

Woodside Energy Group Stock Performance

NYSE:WDS traded up $0.05 during trading hours on Tuesday, reaching $16.40. The company had a trading volume of 208,204 shares, compared to its average volume of 884,112. Woodside Energy Group Ltd has a 1-year low of $11.26 and a 1-year high of $18.42. The firm has a market cap of $31.15 billion, a PE ratio of 19.98 and a beta of 0.69. The business's 50 day moving average price is $16.74 and its 200-day moving average price is $15.07. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.90 and a quick ratio of 1.74.

Woodside Energy Group Increases Dividend

The company 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 dividend of $0.53 per share. This is a boost from Woodside Energy Group's previous semi-annual dividend of $0.51. This represents a yield of 616.0%. The ex-dividend date is Friday, August 29th. Woodside Energy Group's dividend payout ratio (DPR) is 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.