Raymond James Financial Inc. Makes New $6.55 Million Investment in Woodside Energy Group Ltd (NYSE:WDS)

Raymond James Financial Inc. bought a new position in Woodside Energy Group Ltd (NYSE:WDS - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 420,158 shares of the company's stock, valued at approximately $6,554,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. GAMMA Investing LLC raised its holdings in shares of Woodside Energy Group by 43.6% during the fourth quarter. GAMMA Investing LLC now owns 2,176 shares of the company's stock valued at $34,000 after buying an additional 661 shares during the last quarter. Virtu Financial LLC increased its stake in Woodside Energy Group by 7.1% in the 4th quarter. Virtu Financial LLC now owns 12,215 shares of the company's stock worth $191,000 after purchasing an additional 813 shares in the last quarter. Mission Wealth Management LP boosted its stake in Woodside Energy Group by 8.2% in the 4th quarter. Mission Wealth Management LP now owns 11,650 shares of the company's stock worth $182,000 after purchasing an additional 881 shares during the period. Sei Investments Co. raised its position in Woodside Energy Group by 2.1% during the fourth quarter. Sei Investments Co. now owns 56,689 shares of the company's stock valued at $884,000 after buying an additional 1,153 shares during the period. Finally, Rhumbline Advisers grew its position in Woodside Energy Group by 3.1% during the fourth quarter. Rhumbline Advisers now owns 43,629 shares of the company's stock valued at $681,000 after purchasing an additional 1,314 shares in the last quarter. 3.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on WDS shares. Citigroup raised Woodside Energy Group from a "sell" rating to a "neutral" rating in a research report on Tuesday, February 25th. Bank of America upgraded shares of Woodside Energy Group from a "neutral" rating to a "buy" rating in a research note on Wednesday, January 29th. Finally, Macquarie lowered shares of Woodside Energy Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 8th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold".

Woodside Energy Group Stock Performance

Shares of Woodside Energy Group stock traded up $0.10 on Tuesday, reaching $13.14. The stock had a trading volume of 225,713 shares, compared to its average volume of 951,330. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.09 and a current ratio of 1.24. The business's 50-day moving average price is $13.84 and its two-hundred day moving average price is $15.05. The stock has a market cap of $24.95 billion, a P/E ratio of 16.01 and a beta of 0.76. Woodside Energy Group Ltd has a fifty-two week low of $11.26 and a fifty-two week high of $20.17.

Woodside Energy Group Cuts Dividend

The company also recently declared a semi-annual dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Friday, March 7th were issued a dividend of $0.51 per share. This represents a yield of 7.6%. The ex-dividend date of this dividend was Friday, March 7th. Woodside Energy Group's dividend payout ratio (DPR) is 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.