Woodside Energy Group Ltd $WDS Shares Sold by US Bancorp DE

Key Points

• US Bancorp DE has reduced its stake in Woodside Energy Group by 53.4% in Q2, holding 64,747 shares worth approximately $999,000.
• Several hedge funds have significantly increased their positions in WDS, including GAMMA Investing LLC, which raised its stake by 782.3% in Q1.
• Woodside Energy recently declared a semi-annual dividend of $0.53 per share, up from $0.51, reflecting a dividend yield of 616.0%.

US Bancorp DE reduced its stake in shares of Woodside Energy Group Ltd (NYSE:WDS - Free Report) by 53.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,747 shares of the company's stock after selling 74,148 shares during the period. US Bancorp DE's holdings in Woodside Energy Group were worth $999,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in WDS. GAMMA Investing LLC boosted its holdings in shares of Woodside Energy Group by 782.3% in the 1st quarter. GAMMA Investing LLC now owns 19,199 shares of the company's stock valued at $278,000 after buying an additional 17,023 shares during the period. Crossmark Global Holdings Inc. acquired a new position in shares of Woodside Energy Group in the 1st quarter valued at about $470,000. Vident Advisory LLC boosted its holdings in shares of Woodside Energy Group by 65.9% in the 1st quarter. Vident Advisory LLC now owns 78,364 shares of the company's stock valued at $1,136,000 after buying an additional 31,117 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Woodside Energy Group by 10.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 167,110 shares of the company's stock valued at $2,421,000 after buying an additional 16,340 shares during the period. Finally, Hourglass Capital LLC boosted its holdings in shares of Woodside Energy Group by 19.4% in the 1st quarter. Hourglass Capital LLC now owns 270,110 shares of the company's stock valued at $3,914,000 after buying an additional 43,861 shares during the period. 3.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently commented on WDS shares. Wall Street Zen lowered shares of Woodside Energy Group from a "hold" rating to a "sell" rating in a report on Saturday, October 11th. CLSA raised shares of Woodside Energy Group to a "strong-buy" rating in a report on Tuesday, June 24th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Woodside Energy Group in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy".

Woodside Energy Group Stock Down 0.7%

WDS stock opened at $14.45 on Friday. Woodside Energy Group Ltd has a 52 week low of $11.26 and a 52 week high of $17.70. The company has a market capitalization of $27.47 billion, a price-to-earnings ratio of 17.62 and a beta of 0.63. The firm's 50-day moving average is $16.10 and its two-hundred day moving average is $15.18. 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 business also recently declared a semi-annual dividend, which was paid on Wednesday, September 24th. Shareholders of record on Friday, August 29th were given a dividend of $0.53 per share. This is a positive change from Woodside Energy Group's previous semi-annual dividend of $0.51. The ex-dividend date was Friday, August 29th. This represents a dividend yield of 616.0%. 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.

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