Naviter Wealth LLC Makes New $366,000 Investment in Woodside Energy Group Ltd $WDS

Naviter Wealth LLC bought a new position in Woodside Energy Group Ltd (NYSE:WDS) during the 2nd quarter, HoldingsChannel.com reports. The fund bought 23,706 shares of the company’s stock, valued at approximately $366,000.

Other hedge funds also recently bought and sold shares of the company. Geneos Wealth Management Inc. increased its position in Woodside Energy Group by 111.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 2,092 shares of the company’s stock worth $30,000 after purchasing an additional 1,102 shares during the last quarter. GAMMA Investing LLC increased its position in Woodside Energy Group by 105.5% in the 2nd quarter. GAMMA Investing LLC now owns 2,723 shares of the company’s stock worth $42,000 after purchasing an additional 1,398 shares during the last quarter. Smartleaf Asset Management LLC increased its position in Woodside Energy Group by 24.9% in the 1st quarter. Smartleaf Asset Management LLC now owns 4,445 shares of the company’s stock worth $66,000 after purchasing an additional 887 shares during the last quarter. Sage Rhino Capital LLC acquired a new position in Woodside Energy Group in the 1st quarter worth about $146,000. Finally, Moors & Cabot Inc. acquired a new position in Woodside Energy Group in the 1st quarter worth about $146,000. 3.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

WDS has been the topic of several research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Woodside Energy Group in a research report on Wednesday, October 8th. CLSA raised Woodside Energy Group to a “strong-buy” rating in a report on Tuesday, June 24th. Finally, Wall Street Zen lowered Woodside Energy Group from a “hold” rating to a “sell” rating in a report on Saturday. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Woodside Energy Group has an average rating of “Moderate Buy”.

Woodside Energy Group Price Performance

Shares of NYSE:WDS opened at $14.47 on Wednesday. The business has a 50 day moving average price of $16.27 and a 200 day moving average price of $15.19. Woodside Energy Group Ltd has a twelve month low of $11.26 and a twelve month high of $17.70. The company has a market cap of $27.51 billion, a price-to-earnings ratio of 17.65 and a beta of 0.63. The company has a quick ratio of 1.74, a current ratio of 1.90 and a debt-to-equity ratio of 0.31.

Woodside Energy Group Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Wednesday, September 24th. Investors of record on Friday, August 29th were paid a dividend of $0.53 per share. This represents a yield of 616.0%. The ex-dividend date was Friday, August 29th. This is a positive change from Woodside Energy Group’s previous semi-annual dividend of $0.51. Woodside Energy Group’s dividend payout ratio is currently 124.39%.

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.