Millennium Management LLC Buys 48,278 Shares of Woodside Energy Group Ltd (NYSE:WDS)

Millennium Management LLC lifted its stake in Woodside Energy Group Ltd (NYSE:WDS) by 10.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 505,380 shares of the company’s stock after buying an additional 48,278 shares during the period. Millennium Management LLC owned about 0.05% of Woodside Energy Group worth $9,506,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Natixis Advisors LLC raised its stake in Woodside Energy Group by 25.4% during the second quarter. Natixis Advisors LLC now owns 1,826,619 shares of the company’s stock worth $34,359,000 after acquiring an additional 369,994 shares in the last quarter. Bank of Montreal Can bought a new position in Woodside Energy Group during the 2nd quarter valued at about $3,961,000. Hsbc Holdings PLC acquired a new position in Woodside Energy Group in the second quarter valued at about $3,283,000. MADDEN SECURITIES Corp boosted its position in Woodside Energy Group by 459.6% in the first quarter. MADDEN SECURITIES Corp now owns 131,862 shares of the company’s stock valued at $2,633,000 after buying an additional 108,300 shares in the last quarter. Finally, Capital World Investors increased its holdings in shares of Woodside Energy Group by 213.2% during the first quarter. Capital World Investors now owns 137,056 shares of the company’s stock worth $2,737,000 after buying an additional 93,301 shares in the last quarter. Institutional investors own 3.17% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Sanford C. Bernstein downgraded Woodside Energy Group from an “outperform” rating to a “market perform” rating in a report on Tuesday, August 20th. The Goldman Sachs Group lowered Woodside Energy Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 8th. Macquarie upgraded shares of Woodside Energy Group to a “strong-buy” rating in a research report on Sunday, June 23rd. Morgan Stanley cut shares of Woodside Energy Group from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, August 27th. Finally, Royal Bank of Canada upgraded shares of Woodside Energy Group to a “moderate buy” rating in a research report on Tuesday, August 6th. 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 data from MarketBeat, the company currently has a consensus rating of “Hold”.

Woodside Energy Group Stock Performance

Woodside Energy Group stock opened at $17.57 on Wednesday. The business’s 50-day simple moving average is $17.22 and its 200 day simple moving average is $18.25. The company has a current ratio of 1.24, a quick ratio of 1.09 and a debt-to-equity ratio of 0.13. Woodside Energy Group Ltd has a 12-month low of $15.32 and a 12-month high of $23.45.

Woodside Energy Group Increases Dividend

The firm also recently announced a Semi-Annual dividend, which was paid on Thursday, October 3rd. Stockholders of record on Friday, September 6th were paid a $0.67 dividend. This represents a dividend yield of 6.8%. The ex-dividend date of this dividend was Friday, September 6th. This is a positive change 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.