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

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

Analyst Upgrades and Downgrades

WDS has been the topic of several research analyst reports. Citigroup upgraded shares of Woodside Energy Group from a “sell” rating to a “neutral” rating in a research report on Tuesday, February 25th. Bank of America raised Woodside Energy Group from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 29th. Four equities 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 stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Woodside Energy Group Trading Down 6.2 %

The company has a market cap of $25.91 billion, a P/E ratio of 16.64 and a beta of 1.03. The stock has a 50-day moving average of $15.01 and a two-hundred day moving average of $15.72. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.09 and a current ratio of 1.24.

Woodside Energy Group Cuts Dividend

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

Institutional Trading of Woodside Energy Group

A number of institutional investors and hedge funds have recently bought and sold shares of the company. FMR LLC grew its holdings in shares of Woodside Energy Group by 92.2% during the third quarter. FMR LLC now owns 2,023,151 shares of the company’s stock valued at $34,879,000 after buying an additional 970,640 shares during the last quarter. Northern Trust Corp boosted its stake in Woodside Energy Group by 713.0% during the 4th quarter. Northern Trust Corp now owns 1,089,286 shares of the company’s stock valued at $16,993,000 after purchasing an additional 955,303 shares during the last quarter. Marshall Wace LLP bought a new stake in shares of Woodside Energy Group in the 4th quarter worth $7,809,000. Raymond James Financial Inc. purchased a new position in shares of Woodside Energy Group in the fourth quarter worth $6,554,000. Finally, Voloridge Investment Management LLC bought a new position in shares of Woodside Energy Group during the fourth quarter valued at $5,388,000. 3.17% of the stock is currently owned by 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.