Woodside Energy Group Ltd (NYSE:WDS) Shares Sold by Stifel Financial Corp

Stifel Financial Corp cut its holdings in Woodside Energy Group Ltd (NYSE:WDS - Free Report) by 21.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 233,179 shares of the company's stock after selling 65,284 shares during the period. Stifel Financial Corp's holdings in Woodside Energy Group were worth $3,638,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Marshall Wace LLP purchased a new stake in shares of Woodside Energy Group during the 4th quarter worth $7,809,000. Raymond James Financial Inc. purchased a new stake in shares of Woodside Energy Group during the fourth quarter valued at $6,554,000. Summit Global Investments acquired a new position in shares of Woodside Energy Group in the 4th quarter valued at $5,308,000. Natixis Advisors LLC raised its stake in Woodside Energy Group by 15.6% in the 4th quarter. Natixis Advisors LLC now owns 1,774,759 shares of the company's stock worth $27,686,000 after acquiring an additional 239,308 shares during the last quarter. Finally, First Trust Advisors LP lifted its position in Woodside Energy Group by 28.9% during the 4th quarter. First Trust Advisors LP now owns 702,363 shares of the company's stock worth $10,957,000 after acquiring an additional 157,618 shares during the period. 3.17% of the stock is owned by institutional investors.

Woodside Energy Group Stock Performance

Shares of NYSE:WDS traded up $0.08 during trading on Wednesday, hitting $12.99. 165,885 shares of the stock traded hands, compared to its average volume of 953,851. The company has a quick ratio of 1.09, a current ratio of 1.24 and a debt-to-equity ratio of 0.13. The company has a fifty day moving average price of $13.60 and a two-hundred day moving average price of $14.91. 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 $24.66 billion, a price-to-earnings ratio of 15.82 and a beta of 0.61.

Woodside Energy Group Cuts Dividend

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

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Bank of America upgraded Woodside Energy Group from a "neutral" rating to a "buy" rating in a research note on Wednesday, January 29th. Citigroup raised shares of Woodside Energy Group from a "sell" rating to a "neutral" rating in a report on Tuesday, February 25th. Finally, Macquarie lowered shares of Woodside Energy Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 8th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, Woodside Energy Group has a consensus rating of "Hold".

Woodside Energy Group Company 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.