OLD Mission Capital LLC Invests $2.49 Million in Woodside Energy Group Ltd $WDS

Key Points

• OLD Mission Capital LLC has acquired 171,666 shares of Woodside Energy Group Ltd valued at approximately $2.49 million, according to a recent SEC filing.
• Woodside Energy Group is set to pay a semi-annual dividend of $0.53 per share, which reflects a yield of 616.0% and is an increase from the previous dividend of $0.51.
• The stock currently has a consensus rating of "Moderate Buy", with various analysts' ratings varying from "Strong Buy" to "Sell."

OLD Mission Capital LLC purchased a new stake in shares of Woodside Energy Group Ltd (NYSE:WDS - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 171,666 shares of the company's stock, valued at approximately $2,487,000.

Several other hedge funds also recently modified their holdings of WDS. Northern Trust Corp increased its position in shares of Woodside Energy Group by 713.0% during the 4th quarter. Northern Trust Corp now owns 1,089,286 shares of the company's stock valued at $16,993,000 after purchasing an additional 955,303 shares during the period. Voloridge Investment Management LLC acquired a new position in shares of Woodside Energy Group during the 4th quarter valued at $5,388,000. XY Capital Ltd acquired a new position in shares of Woodside Energy Group during the 1st quarter valued at $1,362,000. D. E. Shaw & Co. Inc. acquired a new stake in shares of Woodside Energy Group during the 4th quarter valued at $1,426,000. Finally, Quantinno Capital Management LP lifted its position in shares of Woodside Energy Group by 50.1% during the 4th quarter. Quantinno Capital Management LP now owns 256,802 shares of the company's stock valued at $4,006,000 after acquiring an additional 85,695 shares during the last quarter. 3.17% of the stock is currently owned by institutional investors and hedge funds.

Woodside Energy Group Stock Down 1.8%

Shares of WDS traded down $0.32 during mid-day trading on Wednesday, reaching $16.82. The company's stock had a trading volume of 483,093 shares, compared to its average volume of 890,960. The business has a fifty day moving average of $16.64 and a 200 day moving average of $15.02. The company has a market cap of $31.93 billion, a price-to-earnings ratio of 20.51 and a beta of 0.69. Woodside Energy Group Ltd has a 1 year low of $11.26 and a 1 year high of $18.42. 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 Increases Dividend

The business also recently declared a semi-annual dividend, which will be paid on Wednesday, September 24th. Stockholders of record on Friday, August 29th will be paid a $0.53 dividend. This represents a dividend 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 (DPR) is currently 124.39%.

Analysts Set New Price Targets

A number of brokerages have recently commented on WDS. CLSA upgraded Woodside Energy Group to a "strong-buy" rating in a research report on Tuesday, June 24th. Wall Street Zen downgraded Woodside Energy Group from a "hold" rating to a "sell" rating in a research report on Friday, August 22nd. 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 stock. According to MarketBeat, Woodside Energy Group currently has a consensus 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.