Van ECK Associates Corp Has $402,000 Stock Holdings in Woodside Energy Group Ltd (NYSE:WDS)

Van ECK Associates Corp lessened its position in Woodside Energy Group Ltd (NYSE:WDS) by 3.6% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 25,018 shares of the company’s stock after selling 927 shares during the period. Van ECK Associates Corp’s holdings in Woodside Energy Group were worth $402,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Rothschild Investment LLC bought a new stake in shares of Woodside Energy Group in the 2nd quarter valued at $29,000. Russell Investments Group Ltd. raised its position in shares of Woodside Energy Group by 54.3% during the first quarter. Russell Investments Group Ltd. now owns 1,710 shares of the company’s stock worth $34,000 after purchasing an additional 602 shares during the period. Nisa Investment Advisors LLC lifted its holdings in shares of Woodside Energy Group by 81.8% during the 3rd quarter. Nisa Investment Advisors LLC now owns 2,000 shares of the company’s stock valued at $36,000 after purchasing an additional 900 shares in the last quarter. Whittier Trust Co. lifted its holdings in shares of Woodside Energy Group by 25.1% during the 2nd quarter. Whittier Trust Co. now owns 3,063 shares of the company’s stock valued at $58,000 after purchasing an additional 615 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in shares of Woodside Energy Group by 97.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,307 shares of the company’s stock valued at $60,000 after purchasing an additional 1,631 shares during the period. 3.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on WDS. Royal Bank of Canada raised shares of Woodside Energy Group to a “moderate buy” rating in a research note on Tuesday, August 6th. The Goldman Sachs Group cut shares of Woodside Energy Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 8th. Citigroup cut Woodside Energy Group from a “neutral” rating to a “sell” rating in a report on Wednesday, September 4th. Sanford C. Bernstein lowered Woodside Energy Group from an “outperform” rating to a “market perform” rating in a report on Tuesday, August 20th. Finally, Morgan Stanley downgraded Woodside Energy Group from an “overweight” rating to an “equal weight” rating in a report on Tuesday, August 27th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Woodside Energy Group currently has a consensus rating of “Hold”.

Woodside Energy Group Trading Down 2.1 %

Woodside Energy Group stock opened at $15.39 on Wednesday. The company has a market cap of $15.14 billion, a price-to-earnings ratio of 13.62 and a beta of 1.11. The firm has a 50-day moving average of $16.67 and a 200-day moving average of $17.70. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.24 and a quick ratio of 1.09. Woodside Energy Group Ltd has a one year low of $15.28 and a one year high of $21.63.

Woodside Energy Group Increases Dividend

The business also recently declared a Semi-Annual dividend, which was paid on Thursday, October 3rd. Shareholders of record on Friday, September 6th were paid a $0.67 dividend. This represents a yield of 6.8%. This is an increase from Woodside Energy Group’s previous Semi-Annual dividend of $0.60. The ex-dividend date was Friday, September 6th. Woodside Energy Group’s dividend payout ratio (DPR) is currently 118.58%.

About Woodside Energy Group

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.