Wells Fargo & Company MN Has $1.41 Million Holdings in Woodside Energy Group Ltd (NYSE:WDS)

Wells Fargo & Company MN trimmed its stake in shares of Woodside Energy Group Ltd (NYSE:WDS - Free Report) by 20.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 90,322 shares of the company's stock after selling 22,825 shares during the period. Wells Fargo & Company MN's holdings in Woodside Energy Group were worth $1,409,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Huntington National Bank lifted its position in Woodside Energy Group by 482.5% during the 4th quarter. Huntington National Bank now owns 1,730 shares of the company's stock worth $27,000 after buying an additional 1,433 shares in the last quarter. R Squared Ltd bought a new position in shares of Woodside Energy Group in the fourth quarter valued at $30,000. Addison Advisors LLC increased its holdings in Woodside Energy Group by 559.9% during 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 last quarter. GAMMA Investing LLC raised its position in Woodside Energy Group by 43.6% during the fourth quarter. GAMMA Investing LLC now owns 2,176 shares of the company's stock worth $34,000 after acquiring an additional 661 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in Woodside Energy Group in the third quarter valued at $39,000. 3.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Woodside Energy Group Stock Performance

WDS traded up $0.31 on Friday, reaching $13.19. The company had a trading volume of 360,162 shares, compared to its average volume of 953,279. The stock has a market cap of $25.05 billion, a P/E ratio of 16.11 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. Woodside Energy Group Ltd has a fifty-two week low of $11.26 and a fifty-two week high of $20.17. The company's fifty day moving average is $13.74 and its 200 day moving average is $14.99.

Woodside Energy Group Cuts Dividend

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

Woodside Energy Group 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.