Woodside Energy Group (NYSE:WDS) Sets New 1-Year Low – What’s Next?

Woodside Energy Group Ltd (NYSE:WDS) hit a new 52-week low during trading on Thursday . The company traded as low as $13.80 and last traded at $13.84, with a volume of 576591 shares changing hands. The stock had previously closed at $14.54.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on WDS. Citigroup raised shares of Woodside Energy Group from a “sell” rating to a “neutral” rating in a research report on Tuesday, February 25th. 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. Four research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Woodside Energy Group Price Performance

The company has a debt-to-equity ratio of 0.13, a current ratio of 1.24 and a quick ratio of 1.09. The stock’s fifty day moving average is $14.89 and its 200-day moving average is $15.67. The stock has a market capitalization of $22.07 billion, a PE ratio of 14.18 and a beta of 0.76.

Woodside Energy Group Cuts Dividend

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

Hedge Funds Weigh In On Woodside Energy Group

Hedge funds have recently bought and sold shares of the business. FMR LLC raised its stake in shares of Woodside Energy Group by 92.2% during the 3rd quarter. FMR LLC now owns 2,023,151 shares of the company’s stock worth $34,879,000 after buying an additional 970,640 shares during the period. Northern Trust Corp raised its position in Woodside Energy Group by 713.0% during the fourth quarter. Northern Trust Corp now owns 1,089,286 shares of the company’s stock worth $16,993,000 after acquiring an additional 955,303 shares during the period. Marshall Wace LLP purchased a new position in Woodside Energy Group during the fourth quarter valued at $7,809,000. Raymond James Financial Inc. acquired a new stake in shares of Woodside Energy Group in the fourth quarter valued at about $6,554,000. Finally, Voloridge Investment Management LLC purchased a new stake in shares of Woodside Energy Group during the fourth quarter worth about $5,388,000. Hedge funds and other institutional investors 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.