Short Interest in Woodside Energy Group Ltd (NYSE:WDS) Declines By 13.8%

Woodside Energy Group Ltd (NYSE:WDS) saw a significant drop in short interest during the month of February. As of February 15th, there was short interest totalling 2,000,000 shares, a drop of 13.8% from the January 31st total of 2,320,000 shares. Based on an average daily trading volume, of 893,000 shares, the days-to-cover ratio is currently 2.2 days. Approximately 0.1% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Huntington National Bank lifted its holdings in Woodside Energy Group by 482.5% during the 4th quarter. Huntington National Bank now owns 1,730 shares of the company’s stock valued at $27,000 after buying an additional 1,433 shares in the last quarter. Avior Wealth Management LLC grew its stake in Woodside Energy Group by 155.3% in the 3rd 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 in the last quarter. R Squared Ltd purchased a new position in shares of Woodside Energy Group during the fourth quarter worth approximately $30,000. Greenline Partners LLC bought a new stake in shares of Woodside Energy Group during the fourth quarter valued at approximately $30,000. Finally, Addison Advisors LLC boosted its holdings in shares of Woodside Energy Group by 559.9% in the fourth quarter. Addison Advisors LLC now owns 1,973 shares of the company’s stock valued at $31,000 after purchasing an additional 1,674 shares during the period. 3.17% of the stock is currently owned by institutional investors.

Woodside Energy Group Price Performance

Shares of WDS stock opened at $15.16 on Wednesday. The stock has a 50 day moving average price of $15.51 and a 200 day moving average price of $16.11. The firm has a market capitalization of $28.78 billion, a P/E ratio of 18.48 and a beta of 1.09. 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 has a 52-week low of $14.34 and a 52-week high of $20.30.

Woodside Energy Group Cuts Dividend

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