Bank of America Corp DE Lowers Stock Position in Woodside Energy Group Ltd (NYSE:WDS)

Bank of America Corp DE reduced its position in shares of Woodside Energy Group Ltd (NYSE:WDS) by 50.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 518,019 shares of the company’s stock after selling 531,049 shares during the period. Bank of America Corp DE’s holdings in Woodside Energy Group were worth $8,081,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Northern Trust Corp increased its stake in Woodside Energy Group by 713.0% in the 4th quarter. Northern Trust Corp now owns 1,089,286 shares of the company’s stock valued at $16,993,000 after buying an additional 955,303 shares during the last quarter. Marshall Wace LLP bought a new position in shares of Woodside Energy Group in the fourth quarter valued at approximately $7,809,000. Raymond James Financial Inc. bought a new position in shares of Woodside Energy Group in the fourth quarter valued at approximately $6,554,000. Summit Global Investments purchased a new stake in shares of Woodside Energy Group during the fourth quarter valued at approximately $5,308,000. Finally, Natixis Advisors LLC increased its position in shares of Woodside Energy Group by 15.6% during the fourth quarter. Natixis Advisors LLC now owns 1,774,759 shares of the company’s stock valued at $27,686,000 after acquiring an additional 239,308 shares during the last quarter. 3.17% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Macquarie downgraded shares of Woodside Energy Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 8th. Citigroup raised shares of Woodside Energy Group from a “sell” rating to a “neutral” rating in a research report on Tuesday, February 25th. Finally, Bank of America upgraded shares of Woodside Energy Group from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 29th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold”.

Woodside Energy Group Trading Up 1.4%

NYSE:WDS opened at $13.96 on Monday. Woodside Energy Group Ltd has a 1 year low of $11.26 and a 1 year high of $20.17. The stock’s fifty day moving average price is $13.35 and its two-hundred day moving average price is $14.70. 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 cap of $26.51 billion, a P/E ratio of 17.02 and a beta of 0.61.

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 paid a dividend of $0.51 per share. The ex-dividend date was Friday, March 7th. This represents a dividend yield of 7.6%. Woodside Energy Group’s payout ratio is 124.39%.

Woodside Energy Group 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.