Summit Global Investments Acquires New Shares in Woodside Energy Group Ltd (NYSE:WDS)

Summit Global Investments acquired a new stake in Woodside Energy Group Ltd (NYSE:WDS) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 340,285 shares of the company’s stock, valued at approximately $5,308,000.

Other large investors have also recently added to or reduced their stakes in the company. Avior Wealth Management LLC lifted its holdings in Woodside Energy Group by 155.3% in the third quarter. Avior Wealth Management LLC now owns 1,644 shares of the company’s stock valued at $28,000 after acquiring an additional 1,000 shares during the last quarter. R Squared Ltd acquired a new position in Woodside Energy Group during the fourth quarter worth $30,000. Addison Advisors LLC lifted its stake in Woodside Energy Group by 559.9% during the fourth quarter. Addison Advisors LLC now owns 1,973 shares of the company’s stock worth $31,000 after purchasing an additional 1,674 shares in the last quarter. GAMMA Investing LLC lifted its stake in 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 purchasing an additional 661 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in Woodside Energy Group during the third quarter worth $39,000. 3.17% of the stock is currently owned by institutional investors and hedge funds.

Woodside Energy Group Stock Down 1.5 %

Woodside Energy Group stock opened at $14.20 on Friday. Woodside Energy Group Ltd has a twelve month low of $14.11 and a twelve month high of $20.30. The stock’s fifty day simple moving average is $15.23 and its 200-day simple moving average is $15.83. The company has a current ratio of 1.24, a quick ratio of 1.09 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $26.97 billion, a P/E ratio of 17.32 and a beta of 1.03.

Woodside Energy Group Cuts Dividend

The business also recently disclosed 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 of this dividend is Friday, March 7th. Woodside Energy Group’s dividend payout ratio is currently 124.39%.

Wall Street Analyst Weigh In

A number of research analysts have commented on WDS shares. Bank of America upgraded Woodside Energy Group from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 29th. Citigroup upgraded Woodside Energy Group from a “sell” rating to a “neutral” rating in a research note on Tuesday, February 25th. Four research 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 company’s stock. According to data from MarketBeat.com, the stock presently 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.