Woodside Energy Group Ltd (NYSE:WDS) Holdings Cut by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC lessened its holdings in Woodside Energy Group Ltd (NYSE:WDS - Free Report) by 89.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,194 shares of the company's stock after selling 18,987 shares during the quarter. Tower Research Capital LLC TRC's holdings in Woodside Energy Group were worth $34,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Natixis Advisors LLC raised its stake in shares of Woodside Energy Group by 15.6% during the 4th quarter. Natixis Advisors LLC now owns 1,774,759 shares of the company's stock worth $27,686,000 after purchasing an additional 239,308 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Woodside Energy Group by 5.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 853,601 shares of the company's stock valued at $13,315,000 after purchasing an additional 42,172 shares in the last quarter. First Trust Advisors LP grew its position in shares of Woodside Energy Group by 28.9% during the 4th quarter. First Trust Advisors LP now owns 702,363 shares of the company's stock valued at $10,957,000 after purchasing an additional 157,618 shares in the last quarter. Marshall Wace LLP purchased a new position in Woodside Energy Group in the fourth quarter worth $7,809,000. Finally, Raymond James Financial Inc. bought a new stake in Woodside Energy Group in the fourth quarter worth $6,554,000. Institutional investors and hedge funds own 3.17% of the company's stock.

Analyst Upgrades and Downgrades

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

Woodside Energy Group Stock Performance

NYSE:WDS traded down $0.17 during midday trading on Tuesday, reaching $13.86. The stock had a trading volume of 32,085 shares, compared to its average volume of 952,984. The stock has a market cap of $26.31 billion, a P/E ratio of 16.87 and a beta of 0.61. Woodside Energy Group Ltd has a 12-month low of $11.26 and a 12-month high of $20.17. The firm has a fifty day simple moving average of $13.39 and a two-hundred day simple moving average of $14.75. The company has a quick ratio of 1.09, a current ratio of 1.24 and a debt-to-equity ratio of 0.13.

Woodside Energy Group Cuts Dividend

The business also recently declared a semi-annual dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Friday, March 7th were issued a $0.51 dividend. 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 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.