Woodside Energy Group (NYSE:WDS) Insider Mark Anthony Abbotsford Sells 7,500 Shares

Key Points

• Insider sale: Mark Anthony Abbotsford sold 7,500 Woodside Energy Group shares on March 23 at an average price of $24.06 for $180,450, reducing his position by 23.46% to 24,467 shares (valued at about $588,676), according to an SEC filing.
• Dividend announced: Woodside declared a $0.59 dividend payable March 27 to investors of record on March 6 (ex-dividend date March 6), with the report listing a quoted dividend yield of 594.0%.
• Institutional buying and stock performance: Morgan Stanley, Goldman Sachs, UBS, First Trust and Millennium materially increased holdings in Q4, while WDS traded at $23.65 (down $0.69) and sits within a 52-week range of $11.26–$25.19 with an average analyst rating of "Moderate Buy."

Woodside Energy Group Ltd (NYSE:WDS - Get Free Report) insider Mark Anthony Abbotsford sold 7,500 shares of the stock in a transaction on Monday, March 23rd. The shares were sold at an average price of $24.06, for a total transaction of $180,450.00. Following the transaction, the insider owned 24,467 shares of the company's stock, valued at $588,676.02. This trade represents a 23.46% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Woodside Energy Group Stock Performance

Shares of NYSE:WDS traded down $0.69 on Wednesday, reaching $23.65. The company's stock had a trading volume of 1,077,082 shares, compared to its average volume of 1,650,207. The company has a 50-day simple moving average of $19.64 and a 200 day simple moving average of $17.18. Woodside Energy Group Ltd has a 52-week low of $11.26 and a 52-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 firm also recently declared a dividend, which will be paid on Friday, March 27th. Investors of record on Friday, March 6th will be issued a $0.59 dividend. The ex-dividend date of this dividend is Friday, March 6th. This represents a dividend yield of 594.0%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on WDS shares. Weiss Ratings restated a "hold (c-)" rating on shares of Woodside Energy Group in a research report on Monday, December 29th. Wall Street Zen upgraded Woodside Energy Group from a "sell" rating to a "hold" rating in a report on Monday, January 19th. One equities research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Woodside Energy Group presently has an average rating of "Moderate Buy".

Hedge Funds Weigh In On Woodside Energy Group

Large investors have recently made changes to their positions in the company. Morgan Stanley boosted its stake in shares of Woodside Energy Group by 32.3% during the fourth quarter. Morgan Stanley now owns 4,539,156 shares of the company's stock valued at $70,765,000 after purchasing an additional 1,108,540 shares during the period. Goldman Sachs Group Inc. increased its stake in Woodside Energy Group by 4.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 3,416,708 shares of the company's stock worth $53,266,000 after buying an additional 148,588 shares during the period. UBS Group AG increased its stake 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 worth $19,065,000 after buying an additional 968,707 shares during the period. First Trust Advisors LP lifted its holdings in Woodside Energy Group by 43.7% during the 4th quarter. First Trust Advisors LP now owns 889,577 shares of the company's stock valued at $13,869,000 after buying an additional 270,674 shares in the last quarter. Finally, Millennium Management LLC lifted its holdings in Woodside Energy Group by 3,532.4% during the 4th quarter. Millennium Management LLC now owns 735,455 shares of the company's stock valued at $11,466,000 after buying an additional 715,208 shares in the last quarter. 3.17% of the stock is owned by hedge funds and other institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.