Woodside Energy Group Ltd (NYSE:WDS) Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC reduced its position in shares of Woodside Energy Group Ltd (NYSE:WDS) by 44.7% during the fourth quarter, HoldingsChannel reports. The firm owned 75,960 shares of the company’s stock after selling 61,508 shares during the quarter. HighTower Advisors LLC’s holdings in Woodside Energy Group were worth $1,185,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in WDS. Avior Wealth Management LLC grew its holdings in Woodside Energy Group by 155.3% during the 3rd quarter. Avior Wealth Management LLC now owns 1,644 shares of the company’s stock valued at $28,000 after purchasing an additional 1,000 shares in the last quarter. R Squared Ltd purchased a new position in Woodside Energy Group in the 4th quarter valued at about $30,000. Addison Advisors LLC grew its stake in shares of Woodside Energy Group by 559.9% during the fourth quarter. Addison Advisors LLC now owns 1,973 shares of the company’s stock valued at $31,000 after acquiring an additional 1,674 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Woodside Energy Group by 43.6% during the fourth quarter. GAMMA Investing LLC now owns 2,176 shares of the company’s stock worth $34,000 after acquiring an additional 661 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of Woodside Energy Group during the third quarter worth about $39,000. 3.17% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently commented on WDS. Bank of America raised Woodside Energy Group from a “neutral” rating to a “buy” rating in a report 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 assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Woodside Energy Group Stock Performance

Shares of NYSE WDS opened at $14.56 on Wednesday. The company has a quick ratio of 1.09, a current ratio of 1.24 and a debt-to-equity ratio of 0.13. The firm’s 50-day moving average price is $15.16 and its two-hundred day moving average price is $15.77. Woodside Energy Group Ltd has a 52-week low of $14.11 and a 52-week high of $20.30. The stock has a market capitalization of $27.65 billion, a P/E ratio of 17.76 and a beta of 1.03.

Woodside Energy Group Cuts Dividend

The business also recently declared a semi-annual dividend, which will be paid on Wednesday, April 2nd. Stockholders 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 124.39%.

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.