Vident Advisory LLC Boosts Stock 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 grew its position in Woodside Energy Group Ltd (NYSE:WDS - Free Report) by 65.9% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 78,364 shares of the company's stock after buying an additional 31,117 shares during the period. Vident Advisory LLC's holdings in Woodside Energy Group were worth $1,136,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of WDS. GAMMA Investing LLC raised its position in Woodside Energy Group by 782.3% during the 1st quarter. GAMMA Investing LLC now owns 19,199 shares of the company's stock worth $278,000 after buying an additional 17,023 shares during the last quarter. Northern Trust Corp raised its stake in 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 acquiring an additional 955,303 shares in the last quarter. Crossmark Global Holdings Inc. bought a new stake in shares of Woodside Energy Group during the 1st quarter worth about $470,000. Dimensional Fund Advisors LP increased its holdings in Woodside Energy Group by 5.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 853,601 shares of the company's stock valued at $13,315,000 after purchasing an additional 42,172 shares in the last quarter. Finally, Two Sigma Investments LP bought a new stake in Woodside Energy Group during the fourth quarter worth about $991,000. Hedge funds and other institutional investors own 3.17% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on WDS. CLSA raised Woodside Energy Group to a "strong-buy" rating in a report on Tuesday, June 24th. Wall Street Zen raised shares of 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 assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy".

Woodside Energy Group Stock Performance

Shares of WDS stock traded down $0.33 on Monday, reaching $16.33. The stock had a trading volume of 463,885 shares, compared to its average volume of 886,562. 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 Ltd has a 12 month low of $11.26 and a 12 month high of $18.42. The firm has a market capitalization of $31.00 billion, a price-to-earnings ratio of 19.93 and a beta of 0.69. The firm's 50-day moving average is $16.72 and its two-hundred day moving average is $15.06.

Woodside Energy Group Increases Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Wednesday, September 24th. Stockholders of record on Friday, August 29th will be paid a dividend of $0.53 per share. 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 payout ratio is presently 124.39%.

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.