Raymond James Financial Inc. Raises Stake in Woodside Energy Group Ltd $WDS

Raymond James Financial Inc. boosted its stake in shares of Woodside Energy Group Ltd (NYSE:WDS - Free Report) by 11.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 467,962 shares of the company's stock after acquiring an additional 47,804 shares during the quarter. Raymond James Financial Inc.'s holdings in Woodside Energy Group were worth $6,781,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of WDS. Greenline Partners LLC purchased a new stake in shares of Woodside Energy Group in the fourth quarter valued at approximately $30,000. Moors & Cabot Inc. purchased a new stake in shares of Woodside Energy Group in the first quarter valued at approximately $146,000. Sage Rhino Capital LLC purchased 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 shares of Woodside Energy Group in the first quarter valued at approximately $147,000. Finally, Vise Technologies Inc. purchased a new stake in shares of Woodside Energy Group in the fourth quarter valued at approximately $165,000. 3.17% of the stock is currently owned by hedge funds and other institutional investors.

Woodside Energy Group Price Performance

Shares of NYSE:WDS traded down $0.08 during trading on Friday, reaching $16.66. The stock had a trading volume of 678,398 shares, compared to its average volume of 604,927. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.74 and a current ratio of 1.90. The business has a fifty day moving average price of $16.72 and a 200-day moving average price of $15.06. The stock has a market cap of $31.62 billion, a PE ratio of 20.31 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.

Woodside Energy Group Increases Dividend

The company 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 is a boost from Woodside Energy Group's previous semi-annual dividend of $0.51. This represents a dividend yield of 616.0%. The ex-dividend date of this dividend is Friday, August 29th. Woodside Energy Group's dividend payout ratio is presently 124.39%.

Analyst Ratings Changes

WDS has been the subject of a number of recent analyst reports. Wall Street Zen upgraded Woodside Energy Group from a "sell" rating to a "hold" rating in a research report on Saturday. CLSA upgraded Woodside Energy Group to a "strong-buy" rating in a research 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 issued a Hold rating to the company's stock. According to MarketBeat, Woodside Energy Group 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.