Woodside Energy Group Ltd (NYSE:WDS) Shares Sold by Moran Wealth Management LLC

Moran Wealth Management LLC decreased its position in shares of Woodside Energy Group Ltd (NYSE:WDS) by 8.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 33,336 shares of the company’s stock after selling 3,249 shares during the period. Moran Wealth Management LLC’s holdings in Woodside Energy Group were worth $520,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Avior Wealth Management LLC grew its position in shares of Woodside Energy Group by 155.3% during the third quarter. Avior Wealth Management LLC now owns 1,644 shares of the company’s stock worth $28,000 after acquiring an additional 1,000 shares during the last quarter. R Squared Ltd acquired a new stake in Woodside Energy Group during the 4th quarter worth $30,000. Addison Advisors LLC grew its position in Woodside Energy Group by 559.9% during the 4th quarter. Addison Advisors LLC now owns 1,973 shares of the company’s stock worth $31,000 after purchasing an additional 1,674 shares during the last quarter. GAMMA Investing LLC increased 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 purchasing an additional 661 shares during the period. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of Woodside Energy Group in the third quarter valued at about $39,000. Hedge funds and other institutional investors own 3.17% of the company’s stock.

Woodside Energy Group Stock Down 0.6 %

Shares of NYSE:WDS opened at $14.36 on Thursday. The company has a market cap of $27.26 billion, a price-to-earnings ratio of 17.51 and a beta of 1.03. Woodside Energy Group Ltd has a fifty-two week low of $14.22 and a fifty-two week high of $20.30. The firm’s 50-day simple moving average is $15.43 and its 200-day simple moving average is $16.00. The company has a quick ratio of 1.09, a current ratio of 1.24 and a debt-to-equity ratio of 0.13.

Woodside Energy Group Cuts Dividend

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

Analyst Ratings Changes

A number of research firms recently issued reports on WDS. Citigroup raised Woodside Energy Group from a “sell” rating to a “neutral” rating in a report on Tuesday, February 25th. Bank of America upgraded Woodside Energy Group from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 29th. Four research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

Woodside Energy Group 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.