Bank of Montreal Can Makes New Investment in Woodside Energy Group Ltd (NYSE:WDS)

Bank of Montreal Can acquired a new position in shares of Woodside Energy Group Ltd (NYSE:WDS) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 217,781 shares of the company’s stock, valued at approximately $3,961,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. raised its holdings in Woodside Energy Group by 54.3% during the first quarter. Russell Investments Group Ltd. now owns 1,710 shares of the company’s stock worth $34,000 after purchasing an additional 602 shares in the last quarter. Mckinley Capital Management LLC raised its holdings in Woodside Energy Group by 1.4% during the first quarter. Mckinley Capital Management LLC now owns 44,683 shares of the company’s stock worth $892,000 after purchasing an additional 613 shares in the last quarter. Whittier Trust Co. raised its holdings in Woodside Energy Group by 25.1% during the second quarter. Whittier Trust Co. now owns 3,063 shares of the company’s stock worth $58,000 after purchasing an additional 615 shares in the last quarter. Confluence Investment Management LLC raised its holdings in Woodside Energy Group by 3.2% during the second quarter. Confluence Investment Management LLC now owns 24,698 shares of the company’s stock worth $465,000 after purchasing an additional 759 shares in the last quarter. Finally, Nichols & Pratt Advisers LLP MA raised its holdings in Woodside Energy Group by 0.4% during the second quarter. Nichols & Pratt Advisers LLP MA now owns 258,480 shares of the company’s stock worth $4,862,000 after purchasing an additional 1,031 shares in the last quarter. Institutional investors and hedge funds own 3.17% of the company’s stock.

Woodside Energy Group Price Performance

NYSE:WDS opened at $17.84 on Wednesday. The firm’s fifty day moving average price is $17.19 and its 200 day moving average price is $18.29. Woodside Energy Group Ltd has a 1-year low of $15.32 and a 1-year high of $23.45. The company has a current ratio of 1.24, a quick ratio of 1.09 and a debt-to-equity ratio of 0.13.

Woodside Energy Group Increases Dividend

The company also recently disclosed a Semi-Annual dividend, which will be paid on Thursday, October 3rd. Investors of record on Friday, September 6th will be given a $0.67 dividend. This represents a yield of 6.8%. This is a positive change from Woodside Energy Group’s previous Semi-Annual dividend of $0.60. The ex-dividend date of this dividend is Friday, September 6th.

Wall Street Analysts Forecast Growth

WDS has been the topic of a number of recent research reports. Morgan Stanley cut shares of Woodside Energy Group from an “overweight” rating to an “equal weight” rating in a report on Tuesday, August 27th. Citigroup cut shares of Woodside Energy Group from a “neutral” rating to a “sell” rating in a report on Wednesday, September 4th. Sanford C. Bernstein cut shares of Woodside Energy Group from an “outperform” rating to a “market perform” rating in a report on Tuesday, August 20th. Royal Bank of Canada raised shares of Woodside Energy Group to a “moderate buy” rating in a report on Tuesday, August 6th. Finally, The Goldman Sachs Group cut shares of Woodside Energy Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

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.