Rhumbline Advisers Grows Stock Position in Woodside Energy Group Ltd (NYSE:WDS)

Rhumbline Advisers boosted its stake in shares of Woodside Energy Group Ltd (NYSE:WDS) by 3.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 43,629 shares of the company’s stock after purchasing an additional 1,314 shares during the quarter. Rhumbline Advisers’ holdings in Woodside Energy Group were worth $681,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Avior Wealth Management LLC grew its stake in shares of Woodside Energy Group by 155.3% during the third quarter. Avior Wealth Management LLC now owns 1,644 shares of the company’s stock worth $28,000 after purchasing an additional 1,000 shares in the last quarter. R Squared Ltd acquired a new position in shares of Woodside Energy Group during the 4th quarter worth about $30,000. GAMMA Investing LLC boosted its position in shares of Woodside Energy Group by 43.6% during the 4th quarter. GAMMA Investing LLC now owns 2,176 shares of the company’s stock worth $34,000 after acquiring an additional 661 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of Woodside Energy Group by 81.8% in the 3rd quarter. Nisa Investment Advisors LLC now owns 2,000 shares of the company’s stock valued at $36,000 after acquiring an additional 900 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Woodside Energy Group during the 3rd quarter worth about $39,000. Hedge funds and other institutional investors own 3.17% of the company’s stock.

Woodside Energy Group Stock Performance

NYSE:WDS opened at $14.43 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.24 and a quick ratio of 1.09. The firm has a market cap of $27.39 billion, a price-to-earnings ratio of 17.59 and a beta of 1.03. The firm’s fifty day moving average price is $15.49 and its 200 day moving average price is $16.08. Woodside Energy Group Ltd has a 1-year low of $14.34 and a 1-year high of $20.30.

Woodside Energy Group Cuts Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Friday, March 7th will be issued a $0.51 dividend. This represents a yield of 7.6%. The ex-dividend date of this dividend is Friday, March 7th. Woodside Energy Group’s dividend payout ratio is presently 124.39%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Bank of America upgraded shares of Woodside Energy Group from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 29th. Citigroup raised shares of Woodside Energy Group from a “sell” rating to a “neutral” rating in a research report on Tuesday, February 25th. Four investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Woodside Energy Group currently has an average rating of “Moderate Buy”.

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.