Vident Advisory LLC Increases Holdings in Woodside Energy Group Ltd $WDS

Key Points

• Vident Advisory LLC increased its stake in Woodside Energy Group Ltd by 65.9%, acquiring an additional 31,117 shares, bringing their total to 78,364 shares valued at approximately $1.14 million.
• Woodside Energy Group plans to distribute a semi-annual dividend of $0.53 per share on September 24th, up from their previous dividend of $0.51, reflecting a substantial dividend yield of 616.0%.
• Wall Street analysts have issued mixed ratings for Woodside Energy Group, with one firm upgrading to a "strong-buy" rating while another downgraded to a "sell," resulting in a consensus rating of "Moderate Buy".

Vident Advisory LLC lifted its stake in shares of Woodside Energy Group Ltd (NYSE:WDS - Free Report) by 65.9% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 78,364 shares of the company's stock after purchasing an additional 31,117 shares during the quarter. Vident Advisory LLC's holdings in Woodside Energy Group were worth $1,136,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in WDS. Northern Trust Corp boosted its stake 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 purchasing an additional 955,303 shares in the last quarter. Voloridge Investment Management LLC bought a new stake in shares of Woodside Energy Group during the fourth quarter valued at approximately $5,388,000. XY Capital Ltd bought a new position in shares of Woodside Energy Group in the first quarter valued at $1,362,000. D. E. Shaw & Co. Inc. bought a new position in shares of Woodside Energy Group in the fourth quarter valued at $1,426,000. Finally, Quantinno Capital Management LP grew its holdings in Woodside Energy Group by 50.1% during the fourth quarter. Quantinno Capital Management LP now owns 256,802 shares of the company's stock worth $4,006,000 after buying an additional 85,695 shares in the last quarter. Institutional investors own 3.17% of the company's stock.

Woodside Energy Group Trading Down 0.0%

Shares of WDS stock traded down $0.01 during trading hours on Tuesday, reaching $16.35. The company's stock had a trading volume of 329,906 shares, compared to its average volume of 884,784. The stock has a market capitalization of $31.04 billion, a P/E ratio of 19.92 and a beta of 0.69. Woodside Energy Group Ltd has a one year low of $11.26 and a one year high of $18.42. The firm's fifty day simple moving average is $16.74 and its 200 day simple moving average is $15.07. 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 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 dividend yield of 616.0%. The ex-dividend date is Friday, August 29th. Woodside Energy Group's dividend payout ratio is presently 124.39%.

Analysts Set New Price Targets

Several research firms have weighed in on WDS. CLSA raised Woodside Energy Group to a "strong-buy" rating in a research report on Tuesday, June 24th. Wall Street Zen raised Woodside Energy Group from a "sell" rating to a "hold" rating in a report on Saturday. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Woodside Energy Group presently has an average 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.