Woodside Energy Group (NYSE:WDS) Trading Down 14.9% – Here’s Why

Woodside Energy Group Ltd (NYSE:WDS)’s share price traded down 14.9% during trading on Friday . The company traded as low as $11.50 and last traded at $11.59. 1,290,382 shares were traded during mid-day trading, an increase of 38% from the average session volume of 933,965 shares. The stock had previously closed at $13.62.

Wall Street Analysts Forecast Growth

WDS has been the subject of several research analyst reports. Citigroup raised shares of Woodside Energy Group from a “sell” rating to a “neutral” rating in a report on Tuesday, February 25th. Bank of America raised Woodside Energy Group from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 29th. Four equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Woodside Energy Group has a consensus rating of “Moderate Buy”.

Woodside Energy Group Stock Performance

The stock has a 50-day moving average of $14.89 and a 200 day moving average of $15.67. The firm has a market capitalization of $22.07 billion, a P/E ratio of 14.18 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 Cuts Dividend

The business also recently declared a semi-annual dividend, which was paid on Wednesday, April 2nd. Investors of record on Friday, March 7th were given a dividend of $0.51 per share. The ex-dividend date was Friday, March 7th. This represents a yield of 7.6%. Woodside Energy Group’s dividend payout ratio (DPR) is 124.39%.

Institutional Trading of Woodside Energy Group

Hedge funds and other institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC boosted its position in Woodside Energy Group by 43.6% in the 4th quarter. GAMMA Investing LLC now owns 2,176 shares of the company’s stock valued at $34,000 after buying an additional 661 shares during the last quarter. Virtu Financial LLC grew its position in shares of Woodside Energy Group by 7.1% during the 4th quarter. Virtu Financial LLC now owns 12,215 shares of the company’s stock worth $191,000 after buying an additional 813 shares during the period. Mission Wealth Management LP boosted its stake in Woodside Energy Group by 8.2% during the 4th quarter. Mission Wealth Management LP now owns 11,650 shares of the company’s stock worth $182,000 after acquiring an additional 881 shares during the last quarter. Sei Investments Co. increased its stake in Woodside Energy Group by 2.1% in the fourth quarter. Sei Investments Co. now owns 56,689 shares of the company’s stock valued at $884,000 after purchasing an additional 1,153 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV raised its stake in Woodside Energy Group by 10.2% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 12,434 shares of the company’s stock worth $194,000 after buying an additional 1,155 shares during the period. Institutional investors and hedge funds own 3.17% of the company’s stock.

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.