PNC Financial Services Group Inc. Has $745,000 Stock Position in Woodside Energy Group Ltd (NYSE:WDS)

PNC Financial Services Group Inc. lessened its position in shares of Woodside Energy Group Ltd (NYSE:WDS) by 1.8% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 47,752 shares of the company’s stock after selling 857 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Woodside Energy Group were worth $745,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in WDS. Avior Wealth Management LLC increased its position 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 buying an additional 1,000 shares during the period. R Squared Ltd acquired a new stake in Woodside Energy Group during the 4th quarter worth about $30,000. Addison Advisors LLC grew its holdings in Woodside Energy Group by 559.9% during the 4th quarter. Addison Advisors LLC now owns 1,973 shares of the company’s stock worth $31,000 after acquiring an additional 1,674 shares during the period. GAMMA Investing LLC raised its position in shares of Woodside Energy Group by 43.6% in 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. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of Woodside Energy Group in the 3rd quarter valued at about $39,000. Institutional investors own 3.17% of the company’s stock.

Woodside Energy Group Price Performance

WDS stock opened at $14.63 on Tuesday. 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 company’s 50-day moving average is $15.34 and its 200-day moving average is $15.90. The stock has a market capitalization of $27.78 billion, a PE ratio of 17.85 and a beta of 1.03. Woodside Energy Group Ltd has a 1 year low of $14.11 and a 1 year high of $20.30.

Woodside Energy Group Cuts Dividend

The company also recently declared 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. The ex-dividend date is Friday, March 7th. This represents a yield of 7.6%. Woodside Energy Group’s payout ratio is currently 124.39%.

Wall Street Analyst Weigh In

WDS has been the subject of several recent analyst reports. Bank of America raised 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 issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, 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.