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

Key Points

• Shares gapped down before the open, slipping from a $24.14 close to a $22.98 open and last trading around $23.69 on volume of 380,565 shares, a decline of roughly 2.6%.
• The company declared a $0.59 dividend payable March 27, with record and ex-dividend dates on March 6.
• Analyst consensus is a "Moderate Buy" (one Strong Buy, two Holds); Weiss Ratings reiterated a Hold while Wall Street Zen moved its rating from Sell to Hold.

Shares of Woodside Energy Group Ltd (NYSE:WDS - Get Free Report) gapped down before the market opened on Monday . The stock had previously closed at $24.14, but opened at $22.98. Woodside Energy Group shares last traded at $23.6940, with a volume of 380,565 shares traded.

Wall Street Analyst Weigh In

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

Woodside Energy Group Stock Down 2.6%

The firm's 50-day moving average price is $19.16 and its two-hundred day moving average price is $17.03. The company has a current ratio of 1.59, a quick ratio of 1.46 and a debt-to-equity ratio of 0.28.

Woodside Energy Group Announces Dividend

The business also recently declared a dividend, which will be paid on Friday, March 27th. Investors of record on Friday, March 6th will be given a $0.59 dividend. The ex-dividend date of this dividend is Friday, March 6th. This represents a yield of 594.0%.

Hedge Funds Weigh In On Woodside Energy Group

Several hedge funds have recently made changes to their positions in the company. Arax Advisory Partners lifted its holdings in shares of Woodside Energy Group by 257.0% in the 4th quarter. Arax Advisory Partners now owns 1,660 shares of the company's stock valued at $26,000 after purchasing an additional 1,195 shares during the last quarter. Geneos Wealth Management Inc. grew its stake in Woodside Energy Group by 111.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 2,092 shares of the company's stock worth $30,000 after buying an additional 1,102 shares during the last quarter. EFG International AG acquired a new position in Woodside Energy Group during the fourth quarter worth approximately $32,000. MAI Capital Management increased its position in Woodside Energy Group by 206.6% during the second quarter. MAI Capital Management now owns 2,287 shares of the company's stock worth $35,000 after buying an additional 1,541 shares during the period. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in Woodside Energy Group in the fourth quarter valued at approximately $35,000. Hedge funds and other institutional investors 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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