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

Woodside Energy Group Ltd (NYSE:WDS)’s stock price reached a new 52-week low on Monday . The stock traded as low as $14.26 and last traded at $14.25, with a volume of 769105 shares trading hands. The stock had previously closed at $14.43.

Wall Street Analyst Weigh In

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

Woodside Energy Group Stock Performance

The firm has a market capitalization of $27.26 billion, a price-to-earnings ratio of 17.51 and a beta of 1.03. The firm has a 50 day moving average price of $15.49 and a 200-day moving average price of $16.06. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.24 and a quick ratio of 1.09.

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 paid a $0.51 dividend. This represents a dividend yield of 7.6%. The ex-dividend date of this dividend is Friday, March 7th. Woodside Energy Group’s payout ratio is presently 124.39%.

Institutional Trading of Woodside Energy Group

Large investors have recently made changes to their positions in the company. Forum Financial Management LP lifted its stake in Woodside Energy Group by 181.9% in the fourth quarter. Forum Financial Management LP now owns 73,556 shares of the company’s stock worth $1,147,000 after acquiring an additional 47,465 shares during the last quarter. Vise Technologies Inc. purchased a new stake in shares of Woodside Energy Group during the 4th quarter worth $165,000. Voloridge Investment Management LLC purchased a new stake in shares of Woodside Energy Group during the 4th quarter worth $5,388,000. Two Sigma Investments LP acquired a new position in shares of Woodside Energy Group during the fourth quarter worth $991,000. Finally, Quantinno Capital Management LP increased its holdings in Woodside Energy Group by 50.1% in the fourth quarter. Quantinno Capital Management LP now owns 256,802 shares of the company’s stock valued at $4,006,000 after buying an additional 85,695 shares during the last quarter. 3.17% of the stock is currently owned by hedge funds and other institutional investors.

Woodside Energy Group Company 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.