Woodside Energy Group Ltd $WDS Shares Sold by Forum Financial Management LP

Key Points

• Forum Financial Management LP reduced its position in Woodside Energy Group Ltd by 23.0%, owning 56,594 shares after selling 16,926 shares in Q2, valued at approximately $873,000.
• Woodside Energy Group recently increased its semi-annual dividend from $0.51 to $0.53, representing a yield of 616.0%, although its payout ratio stands at 124.39%.
• The stock received a downgrade from Wall Street Zen from a "hold" to a "sell" rating, while the consensus rating remains a "Moderate Buy" among analysts.

Forum Financial Management LP lowered its position in shares of Woodside Energy Group Ltd (NYSE:WDS - Free Report) by 23.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 56,594 shares of the company's stock after selling 16,926 shares during the period. Forum Financial Management LP's holdings in Woodside Energy Group were worth $873,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Smartleaf Asset Management LLC grew its stake in shares of Woodside Energy Group by 24.9% during the first quarter. Smartleaf Asset Management LLC now owns 4,445 shares of the company's stock worth $66,000 after purchasing an additional 887 shares in the last quarter. Geneos Wealth Management Inc. grew its stake in shares of Woodside Energy Group by 111.3% during the first quarter. Geneos Wealth Management Inc. now owns 2,092 shares of the company's stock worth $30,000 after purchasing an additional 1,102 shares in the last quarter. Cullen Frost Bankers Inc. grew its stake in shares of Woodside Energy Group by 10.1% during the first quarter. Cullen Frost Bankers Inc. now owns 12,164 shares of the company's stock worth $176,000 after purchasing an additional 1,119 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Woodside Energy Group by 105.5% during the second quarter. GAMMA Investing LLC now owns 2,723 shares of the company's stock worth $42,000 after purchasing an additional 1,398 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. grew its stake in shares of Woodside Energy Group by 7.0% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 39,368 shares of the company's stock worth $570,000 after purchasing an additional 2,560 shares in the last quarter. Institutional investors and hedge funds own 3.17% of the company's stock.

Woodside Energy Group Stock Performance

NYSE WDS opened at $15.95 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.90 and a quick ratio of 1.74. Woodside Energy Group Ltd has a 1 year low of $11.26 and a 1 year high of $17.70. The company has a market capitalization of $30.31 billion, a PE ratio of 19.45 and a beta of 0.63. The company has a fifty day moving average of $15.90 and a two-hundred day moving average of $15.24.

Woodside Energy Group Increases Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Wednesday, September 24th. Shareholders of record on Friday, August 29th were paid a $0.53 dividend. This is a boost from Woodside Energy Group's previous semi-annual dividend of $0.51. This represents a yield of 616.0%. The ex-dividend date was Friday, August 29th. Woodside Energy Group's payout ratio is currently 124.39%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on WDS. Wall Street Zen downgraded shares of Woodside Energy Group from a "hold" rating to a "sell" rating in a research note on Saturday, October 11th. Weiss Ratings restated a "hold (c)" rating on shares of Woodside Energy Group in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy".

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.

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