Woodside Energy Group Ltd (NYSE:WDS) Shares Acquired by First Trust Advisors LP

First Trust Advisors LP grew its holdings in Woodside Energy Group Ltd (NYSE:WDS - Free Report) by 28.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 702,363 shares of the company's stock after purchasing an additional 157,618 shares during the quarter. First Trust Advisors LP's holdings in Woodside Energy Group were worth $10,957,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in WDS. Forum Financial Management LP grew its stake in shares of Woodside Energy Group by 181.9% in the 4th quarter. Forum Financial Management LP now owns 73,556 shares of the company's stock valued at $1,147,000 after buying an additional 47,465 shares during the period. Balanced Rock Investment Advisors LLC acquired a new position in shares of Woodside Energy Group in the 4th quarter valued at $180,000. Marshall Wace LLP purchased a new stake in Woodside Energy Group in the 4th quarter valued at about $7,809,000. NewEdge Advisors LLC increased its position in shares of Woodside Energy Group by 679.8% during the fourth quarter. NewEdge Advisors LLC now owns 6,683 shares of the company's stock valued at $104,000 after acquiring an additional 5,826 shares during the last quarter. Finally, United Capital Financial Advisors LLC raised its stake in shares of Woodside Energy Group by 17.1% in the 4th quarter. United Capital Financial Advisors LLC now owns 17,675 shares of the company's stock valued at $276,000 after acquiring an additional 2,587 shares during the period. Institutional investors and hedge funds own 3.17% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have commented on WDS. Citigroup upgraded Woodside Energy Group from a "sell" rating to a "neutral" rating in a research note on Tuesday, February 25th. Bank of America raised Woodside Energy Group from a "neutral" rating to a "buy" rating in a research report on Wednesday, January 29th. Finally, Macquarie cut shares of Woodside Energy Group from a "strong-buy" rating to a "hold" rating in a research 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 company's stock. According to data from MarketBeat.com, Woodside Energy Group presently has a consensus rating of "Hold".

Woodside Energy Group Stock Up 3.3 %

WDS stock traded up $0.43 during mid-day trading on Friday, reaching $13.31. The company had a trading volume of 988,694 shares, compared to its average volume of 956,554. Woodside Energy Group Ltd has a fifty-two week low of $11.26 and a fifty-two week high of $20.17. The company has a market capitalization of $25.27 billion, a price-to-earnings ratio of 16.23 and a beta of 0.76. 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 firm has a fifty day simple moving average of $13.70 and a 200 day simple moving average of $14.95.

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 presently 124.39%.

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.