Woodside Energy Group (NYSE:WDS) Sets New 12-Month Low – Here’s What Happened

Woodside Energy Group Ltd (NYSE:WDS) shares hit a new 52-week low on Thursday . The company traded as low as $13.80 and last traded at $13.84, with a volume of 576591 shares trading hands. The stock had previously closed at $14.54.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on WDS. Bank of America upgraded Woodside Energy Group from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 29th. Citigroup raised Woodside Energy Group from a “sell” rating to a “neutral” rating in a research report on Tuesday, February 25th. Four analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

Woodside Energy Group Stock Performance

The company has a market cap of $25.91 billion, a P/E ratio of 16.64 and a beta of 1.03. 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 business’s 50 day simple moving average is $15.01 and its 200 day simple moving average is $15.72.

Woodside Energy Group Cuts Dividend

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

Hedge Funds Weigh In On Woodside Energy Group

Hedge funds have recently made changes to their positions in the business. GAMMA Investing LLC lifted its holdings in 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 purchasing an additional 661 shares in the last quarter. Summit Global Investments purchased a new position in shares of Woodside Energy Group in the fourth quarter worth $5,308,000. Charles Schwab Investment Management Inc. boosted its position in shares of Woodside Energy Group by 12.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 140,660 shares of the company’s stock worth $2,425,000 after acquiring an additional 16,118 shares during the last quarter. Sanctuary Advisors LLC grew its stake in Woodside Energy Group by 100.2% during the third quarter. Sanctuary Advisors LLC now owns 79,715 shares of the company’s stock valued at $1,303,000 after acquiring an additional 39,905 shares in the last quarter. Finally, Rhumbline Advisers increased its holdings in Woodside Energy Group by 3.1% in the 4th quarter. Rhumbline Advisers now owns 43,629 shares of the company’s stock valued at $681,000 after acquiring an additional 1,314 shares during the last quarter. Institutional investors own 3.17% of the company’s stock.

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.