D. E. Shaw & Co. Inc. Buys New Shares in Woodside Energy Group Ltd (NYSE:WDS)

D. E. Shaw & Co. Inc. bought a new position in shares of Woodside Energy Group Ltd (NYSE:WDS) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 91,425 shares of the company’s stock, valued at approximately $1,426,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Huntington National Bank boosted its stake in shares of Woodside Energy Group by 482.5% during the 4th quarter. Huntington National Bank now owns 1,730 shares of the company’s stock worth $27,000 after acquiring an additional 1,433 shares in the last quarter. R Squared Ltd purchased a new position in Woodside Energy Group in the 4th quarter worth about $30,000. Addison Advisors LLC increased its stake in Woodside Energy Group by 559.9% in the 4th quarter. Addison Advisors LLC now owns 1,973 shares of the company’s stock worth $31,000 after purchasing an additional 1,674 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings in Woodside Energy Group by 201.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,558 shares of the company’s stock worth $54,000 after buying an additional 2,379 shares during the period. Finally, Bessemer Group Inc. lifted its stake in Woodside Energy Group by 135.6% during the fourth quarter. Bessemer Group Inc. now owns 3,603 shares of the company’s stock valued at $56,000 after buying an additional 2,074 shares in the last quarter. Institutional investors and hedge funds own 3.17% of the company’s stock.

Woodside Energy Group Price Performance

Shares of WDS opened at $13.77 on Friday. The business’s 50-day moving average is $13.36 and its 200-day moving average is $14.73. 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 company has a market capitalization of $26.14 billion, a price-to-earnings ratio of 16.79 and a beta of 0.61. Woodside Energy Group Ltd has a fifty-two week low of $11.26 and a fifty-two week high of $20.17.

Woodside Energy Group Cuts Dividend

The business also recently disclosed 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. This represents a yield of 7.6%. The ex-dividend date was Friday, March 7th. Woodside Energy Group’s payout ratio is presently 124.39%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on WDS shares. Bank of America raised shares of Woodside Energy Group from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 29th. Macquarie cut shares of Woodside Energy Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 8th. Finally, Citigroup upgraded Woodside Energy Group from a “sell” rating to a “neutral” rating in a report on Tuesday, February 25th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the company 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.