Woodside Energy Group Ltd (NYSE:WDS) Shares Purchased by Forum Financial Management LP

Forum Financial Management LP boosted its stake in shares of Woodside Energy Group Ltd (NYSE:WDS) by 181.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 73,556 shares of the company’s stock after purchasing an additional 47,465 shares during the quarter. Forum Financial Management LP’s holdings in Woodside Energy Group were worth $1,147,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of WDS. Balanced Rock Investment Advisors LLC purchased a new stake in shares of Woodside Energy Group during the fourth quarter worth approximately $180,000. Marshall Wace LLP acquired a new position in Woodside Energy Group during the 4th quarter worth approximately $7,809,000. NewEdge Advisors LLC increased its position in shares of Woodside Energy Group by 679.8% in the 4th quarter. NewEdge Advisors LLC now owns 6,683 shares of the company’s stock valued at $104,000 after purchasing an additional 5,826 shares during the last quarter. United Capital Financial Advisors LLC raised its holdings in shares of Woodside Energy Group by 17.1% in the 4th quarter. United Capital Financial Advisors LLC now owns 17,675 shares of the company’s stock valued at $276,000 after purchasing an additional 2,587 shares in the last quarter. Finally, Guggenheim Capital LLC lifted its position in shares of Woodside Energy Group by 24.5% during the 4th quarter. Guggenheim Capital LLC now owns 22,407 shares of the company’s stock worth $350,000 after purchasing an additional 4,405 shares during the last quarter. Institutional investors and hedge funds own 3.17% of the company’s stock.

Analyst Ratings Changes

WDS has been the topic of several recent analyst reports. 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 report on Wednesday, January 29th. Finally, Macquarie cut Woodside Energy Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 8th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold”.

Woodside Energy Group Stock Up 2.8 %

Woodside Energy Group stock opened at $12.79 on Friday. The company has a market capitalization of $24.29 billion, a P/E ratio of 15.60 and a beta of 0.76. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.09 and a current ratio of 1.24. Woodside Energy Group Ltd has a fifty-two week low of $11.26 and a fifty-two week high of $20.17. The stock has a 50-day simple moving average of $14.13 and a 200-day simple moving average of $15.29.

Woodside Energy Group Cuts Dividend

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