Quantinno Capital Management LP Acquires 85,695 Shares of Woodside Energy Group Ltd (NYSE:WDS)

Quantinno Capital Management LP lifted its holdings in shares of Woodside Energy Group Ltd (NYSE:WDS - Free Report) by 50.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 256,802 shares of the company's stock after acquiring an additional 85,695 shares during the quarter. Quantinno Capital Management LP's holdings in Woodside Energy Group were worth $4,006,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Natixis Advisors LLC raised its holdings in shares of Woodside Energy Group by 15.6% during the fourth quarter. Natixis Advisors LLC now owns 1,774,759 shares of the company's stock valued at $27,686,000 after acquiring an additional 239,308 shares in the last quarter. Northern Trust Corp raised its holdings in shares of Woodside Energy Group by 713.0% during the fourth quarter. Northern Trust Corp now owns 1,089,286 shares of the company's stock valued at $16,993,000 after acquiring an additional 955,303 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Woodside Energy Group by 5.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 853,601 shares of the company's stock valued at $13,315,000 after acquiring an additional 42,172 shares in the last quarter. First Trust Advisors LP raised its holdings in shares of Woodside Energy Group by 28.9% during the fourth quarter. First Trust Advisors LP now owns 702,363 shares of the company's stock valued at $10,957,000 after acquiring an additional 157,618 shares in the last quarter. Finally, Marshall Wace LLP bought a new position in shares of Woodside Energy Group during the fourth quarter valued at approximately $7,809,000. Institutional investors own 3.17% of the company's stock.

Wall Street Analyst Weigh In

WDS has been the subject of a number of recent analyst reports. Bank of America upgraded Woodside Energy Group from a "neutral" rating to a "buy" rating in a report on Wednesday, January 29th. Citigroup raised Woodside Energy Group from a "sell" rating to a "neutral" rating in a research note on Tuesday, February 25th. Finally, Macquarie cut Woodside Energy Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 8th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, Woodside Energy Group presently has a consensus rating of "Hold".

Woodside Energy Group Stock Up 1.4%

WDS stock traded up $0.19 during midday trading on Friday, hitting $13.96. The stock had a trading volume of 532,384 shares, compared to its average volume of 953,897. The firm has a market cap of $26.51 billion, a price-to-earnings ratio of 17.02 and a beta of 0.61. The business has a 50-day moving average of $13.35 and a two-hundred day moving average of $14.71. Woodside Energy Group Ltd has a 52-week low of $11.26 and a 52-week high of $20.17. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.24 and a quick ratio of 1.09.

Woodside Energy Group Cuts Dividend

The company also recently declared a semi-annual dividend, which was paid on Wednesday, April 2nd. Investors of record on Friday, March 7th were paid a $0.51 dividend. The ex-dividend date was Friday, March 7th. This represents a yield of 7.6%. Woodside Energy Group's payout ratio 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.