Pitcairn Co. Takes $271,000 Position in Woodside Energy Group Ltd (NYSE:WDS)

Pitcairn Co. acquired a new position in shares of Woodside Energy Group Ltd (NYSE:WDS) during the 4th quarter, HoldingsChannel reports. The firm acquired 17,393 shares of the company’s stock, valued at approximately $271,000.

A number of other large investors have also recently bought and sold shares of the business. GAMMA Investing LLC raised its position in shares of Woodside Energy Group by 43.6% during the 4th quarter. GAMMA Investing LLC now owns 2,176 shares of the company’s stock worth $34,000 after purchasing an additional 661 shares during the period. Summit Global Investments bought a new position in Woodside Energy Group in the 4th quarter worth about $5,308,000. Charles Schwab Investment Management Inc. increased its stake in shares of Woodside Energy Group by 12.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 140,660 shares of the company’s stock valued at $2,425,000 after purchasing an additional 16,118 shares during the period. Sanctuary Advisors LLC raised its holdings in shares of Woodside Energy Group by 100.2% during the third quarter. Sanctuary Advisors LLC now owns 79,715 shares of the company’s stock valued at $1,303,000 after buying an additional 39,905 shares during the last quarter. Finally, Rhumbline Advisers boosted its position in shares of Woodside Energy Group by 3.1% during the fourth quarter. Rhumbline Advisers now owns 43,629 shares of the company’s stock worth $681,000 after buying an additional 1,314 shares during the period. Institutional investors own 3.17% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on WDS. Bank of America raised 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 research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Woodside Energy Group Price Performance

NYSE:WDS opened at $11.63 on Monday. The company has a quick ratio of 1.09, a current ratio of 1.24 and a debt-to-equity ratio of 0.13. The business’s 50-day moving average price is $14.89 and its 200 day moving average price is $15.67. Woodside Energy Group Ltd has a 52-week low of $11.48 and a 52-week high of $20.22. The firm has a market cap of $22.07 billion, a P/E ratio of 14.18 and a beta of 0.76.

Woodside Energy Group Cuts Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Friday, March 7th were paid a $0.51 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a dividend yield of 7.6%. Woodside Energy Group’s dividend payout ratio is currently 124.39%.

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.