Kayne Anderson Rudnick Investment Management LLC Boosts Stock Position in Woodside Energy Group Ltd (NYSE:WDS)

Kayne Anderson Rudnick Investment Management LLC increased its stake in shares of Woodside Energy Group Ltd (NYSE:WDS) by 18.2% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 50,957 shares of the company’s stock after buying an additional 7,828 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC’s holdings in Woodside Energy Group were worth $959,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Hsbc Holdings PLC acquired a new stake in shares of Woodside Energy Group in the 2nd quarter worth $3,283,000. Dimensional Fund Advisors LP increased its position in Woodside Energy Group by 0.7% during the second quarter. Dimensional Fund Advisors LP now owns 869,713 shares of the company’s stock worth $16,360,000 after purchasing an additional 6,267 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in Woodside Energy Group by 5.1% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 185,770 shares of the company’s stock valued at $3,494,000 after purchasing an additional 9,082 shares during the last quarter. Choreo LLC purchased a new stake in shares of Woodside Energy Group in the 2nd quarter valued at approximately $202,000. Finally, Caprock Group LLC increased its holdings in shares of Woodside Energy Group by 47.0% during the 2nd quarter. Caprock Group LLC now owns 19,380 shares of the company’s stock worth $365,000 after buying an additional 6,198 shares during the last quarter. Institutional investors and hedge funds own 3.17% of the company’s stock.

Woodside Energy Group Stock Up 2.3 %

Shares of NYSE WDS opened at $17.18 on Tuesday. The company has a quick ratio of 1.09, a current ratio of 1.24 and a debt-to-equity ratio of 0.13. Woodside Energy Group Ltd has a twelve month low of $15.32 and a twelve month high of $23.64. The stock has a fifty day simple moving average of $17.45 and a 200-day simple moving average of $18.38.

Woodside Energy Group Increases Dividend

The firm also recently declared a Semi-Annual dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Friday, September 6th will be paid a dividend of $0.67 per share. The ex-dividend date of this dividend is Friday, September 6th. This is a positive change from Woodside Energy Group’s previous Semi-Annual dividend of $0.60. This represents a yield of 6.8%.

Analysts Set New Price Targets

A number of research analysts recently commented on WDS shares. Sanford C. Bernstein cut Woodside Energy Group from an “outperform” rating to a “market perform” rating in a report on Tuesday, August 20th. The Goldman Sachs Group cut Woodside Energy Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 8th. Royal Bank of Canada upgraded shares of Woodside Energy Group to a “moderate buy” rating in a report on Tuesday, August 6th. Morgan Stanley lowered shares of Woodside Energy Group from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, August 27th. Finally, Citigroup downgraded shares of Woodside Energy Group from a “neutral” rating to a “sell” rating in a research note on Wednesday, September 4th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold”.

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.