Forum Financial Management LP Trims Position in Woodside Energy Group Ltd $WDS

Forum Financial Management LP trimmed its holdings in Woodside Energy Group Ltd (NYSE:WDS) by 23.0% in the second quarter, Holdings Channel.com reports. The institutional investor owned 56,594 shares of the company’s stock after selling 16,926 shares during the quarter. Forum Financial Management LP’s holdings in Woodside Energy Group were worth $873,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in WDS. Cambridge Investment Research Advisors Inc. raised its holdings in shares of Woodside Energy Group by 7.0% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 39,368 shares of the company’s stock valued at $570,000 after buying an additional 2,560 shares during the last quarter. Oppenheimer & Co. Inc. raised its holdings in shares of Woodside Energy Group by 22.6% in the first quarter. Oppenheimer & Co. Inc. now owns 70,206 shares of the company’s stock valued at $1,017,000 after buying an additional 12,963 shares during the last quarter. Nichols & Pratt Advisers LLP MA raised its holdings in shares of Woodside Energy Group by 23.7% in the first quarter. Nichols & Pratt Advisers LLP MA now owns 157,845 shares of the company’s stock valued at $2,288,000 after buying an additional 30,266 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Woodside Energy Group by 18.6% in the first quarter. Bank of New York Mellon Corp now owns 82,004 shares of the company’s stock valued at $1,188,000 after buying an additional 12,843 shares during the last quarter. Finally, Callan Capital LLC purchased a new stake in shares of Woodside Energy Group in the first quarter valued at about $237,000. 3.17% of the stock is owned by hedge funds and other institutional investors.

Woodside Energy Group Trading Up 4.4%

Shares of Woodside Energy Group stock opened at $15.95 on Friday. Woodside Energy Group Ltd has a 12-month low of $11.26 and a 12-month high of $17.70. The company has a current ratio of 1.90, a quick ratio of 1.74 and a debt-to-equity ratio of 0.31. The stock has a market cap of $30.31 billion, a PE ratio of 19.45 and a beta of 0.63. The company has a 50-day moving average of $15.90 and a two-hundred day moving average of $15.24.

Woodside Energy Group Increases Dividend

The business also recently announced a semi-annual dividend, which was paid on Wednesday, September 24th. Shareholders of record on Friday, August 29th were issued a $0.53 dividend. This represents a yield of 616.0%. This is a boost from Woodside Energy Group’s previous semi-annual dividend of $0.51. The ex-dividend date of this dividend was Friday, August 29th. Woodside Energy Group’s dividend payout ratio is 124.39%.

Analyst Ratings Changes

Several research firms recently issued reports on WDS. Wall Street Zen cut shares of Woodside Energy Group from a “hold” rating to a “sell” rating in a report on Saturday, October 11th. Weiss Ratings reissued a “hold (c)” rating on shares of Woodside Energy Group in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Woodside Energy Group currently has an average rating of “Moderate Buy”.

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.