Ethic Inc. Sells 19,058 Shares of Woodside Energy Group Ltd (NYSE:WDS)

Ethic Inc. cut its position in shares of Woodside Energy Group Ltd (NYSE:WDS) by 35.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 34,975 shares of the company’s stock after selling 19,058 shares during the period. Ethic Inc.’s holdings in Woodside Energy Group were worth $546,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. D. E. Shaw & Co. Inc. bought a new stake in shares of Woodside Energy Group during the fourth quarter valued at approximately $1,426,000. Cetera Investment Advisers increased its position in shares of Woodside Energy Group by 45.6% during the fourth quarter. Cetera Investment Advisers now owns 30,774 shares of the company’s stock valued at $480,000 after purchasing an additional 9,634 shares during the period. Bridgefront Capital LLC bought a new stake in shares of Woodside Energy Group during the fourth quarter valued at approximately $215,000. Bayesian Capital Management LP increased its position in shares of Woodside Energy Group by 12.0% during the fourth quarter. Bayesian Capital Management LP now owns 31,662 shares of the company’s stock valued at $494,000 after purchasing an additional 3,400 shares during the period. Finally, Mercer Global Advisors Inc. ADV grew its position in Woodside Energy Group by 10.2% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 12,434 shares of the company’s stock valued at $194,000 after acquiring an additional 1,155 shares during the period. 3.17% of the stock is currently owned by institutional investors.

Woodside Energy Group Stock Performance

Shares of NYSE:WDS opened at $14.17 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.24 and a quick ratio of 1.09. The stock has a market capitalization of $26.91 billion, a price-to-earnings ratio of 17.28 and a beta of 0.61. The business’s fifty day moving average price is $13.41 and its two-hundred day moving average price is $14.79. Woodside Energy Group Ltd has a fifty-two week low of $11.26 and a fifty-two week high of $20.17.

Woodside Energy Group Cuts Dividend

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

Analyst Ratings Changes

A number of analysts have weighed in on the company. Citigroup upgraded Woodside Energy Group from a “sell” rating to a “neutral” rating in a research report on Tuesday, February 25th. Macquarie cut Woodside Energy Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 8th. Finally, Bank of America upgraded Woodside Energy Group from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 29th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, Woodside Energy Group currently has a consensus rating of “Hold”.

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.