Sanctuary Advisors LLC Trims Stake in Woodside Energy Group Ltd (NYSE:WDS)

Sanctuary Advisors LLC reduced its stake in shares of Woodside Energy Group Ltd (NYSE:WDS) by 8.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 72,598 shares of the company’s stock after selling 7,117 shares during the quarter. Sanctuary Advisors LLC’s holdings in Woodside Energy Group were worth $1,130,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Hourglass Capital LLC raised its position in Woodside Energy Group by 3.1% during the fourth quarter. Hourglass Capital LLC now owns 226,249 shares of the company’s stock valued at $3,529,000 after acquiring an additional 6,778 shares in the last quarter. Rhumbline Advisers increased its position in shares of Woodside Energy Group by 3.1% in the fourth quarter. Rhumbline Advisers now owns 43,629 shares of the company’s stock valued at $681,000 after buying an additional 1,314 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Woodside Energy Group by 23.9% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 12,560 shares of the company’s stock valued at $198,000 after buying an additional 2,425 shares in the last quarter. Caprock Group LLC increased its position in shares of Woodside Energy Group by 41.6% in the fourth quarter. Caprock Group LLC now owns 26,257 shares of the company’s stock valued at $410,000 after buying an additional 7,715 shares in the last quarter. Finally, R Squared Ltd purchased a new stake in shares of Woodside Energy Group in the fourth quarter valued at approximately $30,000. 3.17% of the stock is currently owned by hedge funds and other institutional investors.

Woodside Energy Group Stock Up 3.2 %

Shares of WDS opened at $15.47 on Thursday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.09 and a current ratio of 1.24. Woodside Energy Group Ltd has a one year low of $14.34 and a one year high of $20.30. The stock has a market capitalization of $29.37 billion, a price-to-earnings ratio of 18.87 and a beta of 1.09. The stock has a 50 day moving average price of $15.47 and a 200 day moving average price of $16.17.

Woodside Energy Group Cuts Dividend

The company also recently declared a semi-annual dividend, which will be paid on Wednesday, April 2nd. Investors of record on Friday, March 7th will be given a dividend of $0.51 per share. This represents a dividend yield of 7.6%. The ex-dividend date is Friday, March 7th. Woodside Energy Group’s payout ratio is 163.41%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on WDS shares. Citigroup upgraded Woodside Energy Group from a “sell” rating to a “neutral” rating in a research report on Tuesday. Bank of America upgraded Woodside Energy Group from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Woodside Energy Group has an average rating of “Moderate Buy”.

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.