Woodside Energy Group Ltd (NYSE:WDS) Shares Acquired by LPL Financial LLC

LPL Financial LLC raised its holdings in shares of Woodside Energy Group Ltd (NYSE:WDS - Free Report) by 90.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 57,238 shares of the company's stock after purchasing an additional 27,133 shares during the quarter. LPL Financial LLC's holdings in Woodside Energy Group were worth $893,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. R Squared Ltd bought a new stake in Woodside Energy Group during the fourth quarter valued at $30,000. Addison Advisors LLC grew its position in shares of Woodside Energy Group by 559.9% during the 4th quarter. Addison Advisors LLC now owns 1,973 shares of the company's stock valued at $31,000 after buying an additional 1,674 shares during the last quarter. GAMMA Investing LLC raised its stake in Woodside Energy Group by 43.6% during the fourth quarter. GAMMA Investing LLC now owns 2,176 shares of the company's stock worth $34,000 after acquiring an additional 661 shares during the period. Wilmington Savings Fund Society FSB bought a new position in Woodside Energy Group in the third quarter worth about $39,000. Finally, Smartleaf Asset Management LLC lifted its holdings in Woodside Energy Group by 201.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,558 shares of the company's stock worth $54,000 after acquiring an additional 2,379 shares during the last quarter. Institutional investors own 3.17% of the company's stock.

Analyst Ratings Changes

WDS has been the subject of several recent research reports. Bank of America upgraded shares of Woodside Energy Group from a "neutral" rating to a "buy" rating in a research report on Wednesday, January 29th. Macquarie downgraded Woodside Energy Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 8th. Finally, Citigroup upgraded Woodside Energy Group from a "sell" rating to a "neutral" rating in a research report on Tuesday, February 25th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold".

Woodside Energy Group Price Performance

Shares of Woodside Energy Group stock traded up $0.02 on Friday, hitting $12.91. The company had a trading volume of 561,633 shares, compared to its average volume of 954,339. Woodside Energy Group Ltd has a 52 week low of $11.26 and a 52 week high of $20.17. The company has a market cap of $24.51 billion, a PE ratio of 15.74 and a beta of 0.76. The business has a 50-day simple moving average of $13.87 and a 200-day simple moving average of $15.11. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.24 and a quick ratio of 1.09.

Woodside Energy Group Cuts Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Friday, March 7th were paid a $0.51 dividend. This represents a dividend yield of 7.6%. The ex-dividend date of this dividend was Friday, March 7th. Woodside Energy Group's dividend payout ratio is presently 124.39%.

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.