First Trust Advisors LP Buys 157,618 Shares of Woodside Energy Group Ltd (NYSE:WDS)

First Trust Advisors LP raised its stake in shares of Woodside Energy Group Ltd (NYSE:WDS - Free Report) by 28.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund 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 filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. Huntington National Bank increased its holdings in shares of Woodside Energy Group by 482.5% in the fourth quarter. Huntington National Bank now owns 1,730 shares of the company's stock worth $27,000 after buying an additional 1,433 shares during the period. R Squared Ltd purchased a new position in shares of Woodside Energy Group in the fourth quarter worth about $30,000. Addison Advisors LLC increased its holdings in shares of Woodside Energy Group by 559.9% in the fourth quarter. Addison Advisors LLC now owns 1,973 shares of the company's stock worth $31,000 after buying an additional 1,674 shares during the period. GAMMA Investing LLC increased its holdings in shares of Woodside Energy Group by 43.6% in the fourth quarter. GAMMA Investing LLC now owns 2,176 shares of the company's stock worth $34,000 after buying an additional 661 shares during the period. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of Woodside Energy Group in the third quarter worth about $39,000. 3.17% of the stock is currently owned by institutional investors.

Woodside Energy Group Stock Down 0.4 %

Shares of WDS traded down $0.06 during mid-day trading on Thursday, reaching $12.90. The company had a trading volume of 1,424,718 shares, compared to its average volume of 955,586. 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 50-day moving average price of $13.77 and a 200 day moving average price of $15.02. 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 capitalization of $24.48 billion, a price-to-earnings ratio of 15.73 and a beta of 0.76.

Woodside Energy Group Cuts Dividend

The business also recently declared a semi-annual dividend, which was paid on Wednesday, April 2nd. Stockholders 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 is currently 124.39%.

Wall Street Analyst Weigh In

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

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.