Woodside Energy Group (NYSE:WDS) Shares Gap Down - What's Next?

Key Points

• Woodside Energy Group's share price dropped from a previous close of $17.40 to an opening price of $16.87 before settling at $16.75 with significant trading volume.
• Analysts have recently upgraded the stock to a "strong-buy" rating, with a consensus rating of "Moderate Buy" from various analysts.
• The company has a market capitalization of $31.56 billion and maintains a healthy debt-to-equity ratio of 0.25, indicating solid financial stability.

Woodside Energy Group Ltd (NYSE:WDS - Get Free Report) shares gapped down prior to trading on Tuesday . The stock had previously closed at $17.40, but opened at $16.87. Woodside Energy Group shares last traded at $16.75, with a volume of 518,248 shares trading hands.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on WDS shares. CLSA upgraded shares of Woodside Energy Group to a "strong-buy" rating in a report on Tuesday, June 24th. Wall Street Zen downgraded shares of Woodside Energy Group from a "hold" rating to a "sell" rating in a report on Friday. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Woodside Energy Group presently has an average rating of "Moderate Buy".

Woodside Energy Group Trading Up 2.1%

The company has a debt-to-equity ratio of 0.31, a current ratio of 1.90 and a quick ratio of 1.17. The company has a market cap of $33.14 billion, a price-to-earnings ratio of 21.29 and a beta of 0.67. The business's 50-day simple moving average is $16.51 and its 200-day simple moving average is $14.93.

Woodside Energy Group Increases Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Wednesday, September 24th. Shareholders of record on Friday, August 29th will be given a dividend of $0.53 per share. The ex-dividend date is Friday, August 29th. This is an increase from Woodside Energy Group's previous semi-annual dividend of $0.51. This represents a yield of 700.0%. Woodside Energy Group's dividend payout ratio (DPR) is presently 124.39%.

Institutional Investors Weigh In On Woodside Energy Group

Hedge funds and other institutional investors have recently modified their holdings of the company. Northern Trust Corp lifted its stake in shares of Woodside Energy Group by 713.0% during the fourth quarter. Northern Trust Corp now owns 1,089,286 shares of the company's stock valued at $16,993,000 after buying an additional 955,303 shares during the period. Voloridge Investment Management LLC purchased a new stake in Woodside Energy Group in the 4th quarter worth approximately $5,388,000. Jane Street Group LLC grew its stake in Woodside Energy Group by 648.0% in the 1st quarter. Jane Street Group LLC now owns 383,379 shares of the company's stock worth $5,555,000 after acquiring an additional 332,125 shares during the period. ABC Arbitrage SA grew its stake in Woodside Energy Group by 1,199.9% in the 2nd quarter. ABC Arbitrage SA now owns 295,923 shares of the company's stock worth $4,566,000 after acquiring an additional 273,158 shares during the period. Finally, OLD Mission Capital LLC purchased a new stake in Woodside Energy Group in the 1st quarter worth approximately $2,487,000. 3.17% of the stock is currently owned by hedge funds and other institutional investors.

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.