Woodside Energy Group Ltd (NYSE:WDS) Short Interest Update

Key Points

• Short interest in Woodside Energy Group dropped by 27.6% in March to 2,808,084 shares (about 0.1% of shares), leaving a short-interest ratio of roughly 1.5 days.
• The company paid a $0.59 dividend to holders of record on March 6, with the payment made on March 27 (ex-dividend date March 6).
• Several institutional investors materially increased stakes in Q4—Morgan Stanley (+32.3%) now owns ~4.54M shares, UBS (+381.1%) ~1.22M shares and Millennium (+3,532.4%) ~735k shares—while institutional ownership totals ~3.17%.

Woodside Energy Group Ltd (NYSE:WDS - Get Free Report) was the recipient of a large decline in short interest in the month of March. As of March 31st, there was short interest totaling 2,808,084 shares, a decline of 27.6% from the March 15th total of 3,880,254 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 1,915,066 shares, the short-interest ratio is currently 1.5 days.

Analyst Ratings Changes

A number of research firms have issued reports on WDS. Wall Street Zen raised shares of Woodside Energy Group from a "sell" rating to a "hold" rating in a research note on Monday, January 19th. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Woodside Energy Group in a report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Buy".

Woodside Energy Group Trading Down 0.2%

WDS stock traded down $0.06 during trading on Wednesday, hitting $23.57. The company had a trading volume of 650,441 shares, compared to its average volume of 1,594,531. The business has a 50 day moving average of $21.78 and a 200 day moving average of $18.04. Woodside Energy Group has a fifty-two week low of $12.35 and a fifty-two week high of $25.19. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.46 and a current ratio of 1.59.

Woodside Energy Group Announces Dividend

The business also recently disclosed a dividend, which was paid on Friday, March 27th. Investors of record on Friday, March 6th were issued a $0.59 dividend. The ex-dividend date of this dividend was Friday, March 6th. This represents a yield of 594.0%.

Insider Transactions at Woodside Energy Group

In other Woodside Energy Group news, insider Mark Anthony Abbotsford sold 7,500 shares of the business's stock in a transaction dated Monday, March 23rd. The shares were sold at an average price of $24.06, for a total transaction of $180,450.00. Following the completion of the transaction, the insider directly owned 24,467 shares of the company's stock, valued at $588,676.02. The trade was a 23.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.04% of the stock is owned by insiders.

Institutional Investors Weigh In On Woodside Energy Group

Several institutional investors have recently bought and sold shares of WDS. Morgan Stanley lifted its holdings in Woodside Energy Group by 32.3% in the 4th quarter. Morgan Stanley now owns 4,539,156 shares of the company's stock valued at $70,765,000 after acquiring an additional 1,108,540 shares during the last quarter. UBS Group AG lifted its holdings in Woodside Energy Group by 381.1% in the 4th quarter. UBS Group AG now owns 1,222,912 shares of the company's stock valued at $19,065,000 after acquiring an additional 968,707 shares during the last quarter. Millennium Management LLC lifted its holdings in Woodside Energy Group by 3,532.4% in the 4th quarter. Millennium Management LLC now owns 735,455 shares of the company's stock valued at $11,466,000 after acquiring an additional 715,208 shares during the last quarter. Bank of Montreal Can acquired a new stake in Woodside Energy Group in the 4th quarter valued at about $7,301,000. Finally, Jane Street Group LLC lifted its holdings in Woodside Energy Group by 192.8% in the 4th quarter. Jane Street Group LLC now owns 638,474 shares of the company's stock valued at $9,954,000 after acquiring an additional 420,412 shares during the last quarter. Institutional investors and hedge funds own 3.17% of the company's stock.

Woodside Energy Group Company Profile

Woodside Energy Group NYSE: WDS is an Australia-based energy company focused on the exploration, development, production and marketing of oil and natural gas, with a strong emphasis on liquefied natural gas (LNG). The company's activities span the upstream value chain, including exploration and appraisal of hydrocarbon resources, development and operation of production facilities, and the sale and delivery of hydrocarbons to global customers.

Woodside's operations center on conventional oil and gas projects and large-scale LNG processing and export, supported by project management, engineering and commercial trading capabilities.

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