Rhumbline Advisers Increases Holdings in Woodside Energy Group Ltd (NYSE:WDS)

Rhumbline Advisers increased its position in shares of Woodside Energy Group Ltd (NYSE:WDS) by 6.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 38,235 shares of the company’s stock after purchasing an additional 2,243 shares during the quarter. Rhumbline Advisers’ holdings in Woodside Energy Group were worth $719,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Natixis Advisors LLC lifted its stake in Woodside Energy Group by 25.4% during the 2nd quarter. Natixis Advisors LLC now owns 1,826,619 shares of the company’s stock valued at $34,359,000 after acquiring an additional 369,994 shares during the period. Nichols & Pratt Advisers LLP MA lifted its position in Woodside Energy Group by 0.4% during the second quarter. Nichols & Pratt Advisers LLP MA now owns 258,480 shares of the company’s stock valued at $4,862,000 after purchasing an additional 1,031 shares during the period. Stifel Financial Corp boosted its holdings in Woodside Energy Group by 21.2% in the fourth quarter. Stifel Financial Corp now owns 220,231 shares of the company’s stock valued at $4,645,000 after purchasing an additional 38,497 shares during the last quarter. Earnest Partners LLC grew its position in Woodside Energy Group by 13.5% during the 1st quarter. Earnest Partners LLC now owns 217,419 shares of the company’s stock worth $4,342,000 after purchasing an additional 25,880 shares during the period. Finally, Hourglass Capital LLC raised its stake in shares of Woodside Energy Group by 0.8% during the 1st quarter. Hourglass Capital LLC now owns 187,233 shares of the company’s stock valued at $3,739,000 after buying an additional 1,572 shares during the last quarter. Hedge funds and other institutional investors own 3.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. The Goldman Sachs Group downgraded Woodside Energy Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 8th. Macquarie upgraded Woodside Energy Group to a “strong-buy” rating in a research report on Sunday, June 23rd. Sanford C. Bernstein lowered shares of Woodside Energy Group from an “outperform” rating to a “market perform” rating in a report on Tuesday, August 20th. Morgan Stanley downgraded shares of Woodside Energy Group from an “overweight” rating to an “equal weight” rating in a report on Tuesday, August 27th. Finally, Citigroup lowered shares of Woodside Energy Group from a “neutral” rating to a “sell” rating in a research report on Wednesday, September 4th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Woodside Energy Group Price Performance

Shares of WDS opened at $17.43 on Wednesday. Woodside Energy Group Ltd has a 12 month low of $15.32 and a 12 month high of $23.64. The stock’s 50 day moving average is $17.40 and its two-hundred day moving average is $18.37. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.24 and a quick ratio of 1.09.

Woodside Energy Group Increases Dividend

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

About Woodside Energy Group

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.