Associated Banc Corp Cuts Holdings in Woodside Energy Group Ltd (NYSE:WDS)

Associated Banc Corp trimmed its holdings in shares of Woodside Energy Group Ltd (NYSE:WDS) by 29.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 595,150 shares of the company’s stock after selling 247,340 shares during the quarter. Associated Banc Corp’s holdings in Woodside Energy Group were worth $9,284,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Avior Wealth Management LLC boosted its stake in Woodside Energy Group by 155.3% in the third quarter. Avior Wealth Management LLC now owns 1,644 shares of the company’s stock valued at $28,000 after acquiring an additional 1,000 shares in the last quarter. R Squared Ltd acquired a new stake in Woodside Energy Group in the fourth quarter valued at approximately $30,000. Addison Advisors LLC boosted its stake in Woodside Energy Group by 559.9% in the fourth quarter. Addison Advisors LLC now owns 1,973 shares of the company’s stock valued at $31,000 after acquiring an additional 1,674 shares in the last quarter. GAMMA Investing LLC boosted its stake in Woodside Energy Group by 43.6% in the fourth quarter. GAMMA Investing LLC now owns 2,176 shares of the company’s stock valued at $34,000 after acquiring an additional 661 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in Woodside Energy Group in the third quarter valued at approximately $39,000. 3.17% of the stock is currently owned by institutional investors and hedge funds.

Woodside Energy Group Trading Up 1.4 %

NYSE:WDS opened at $14.35 on Friday. Woodside Energy Group Ltd has a 12 month low of $14.10 and a 12 month high of $20.30. The firm has a fifty day simple moving average of $15.37 and a 200-day simple moving average of $15.96. 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 company has a market capitalization of $27.25 billion, a P/E ratio of 17.50 and a beta of 1.03.

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

Analysts Set New Price Targets

WDS has been the subject of several recent analyst reports. Bank of America upgraded shares of Woodside Energy Group from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 29th. Citigroup upgraded shares of Woodside Energy Group from a “sell” rating to a “neutral” rating in a research note on Tuesday, February 25th. Four equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Woodside Energy Group presently 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.