HighTower Advisors LLC Sells 26,493 Shares of Woodside Energy Group Ltd $WDS

HighTower Advisors LLC cut its stake in Woodside Energy Group Ltd (NYSE:WDS) by 34.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 49,467 shares of the company’s stock after selling 26,493 shares during the period. HighTower Advisors LLC’s holdings in Woodside Energy Group were worth $717,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Mission Wealth Management LP lifted its stake in Woodside Energy Group by 8.9% in the first quarter. Mission Wealth Management LP now owns 12,692 shares of the company’s stock valued at $184,000 after buying an additional 1,042 shares during the period. Cullen Frost Bankers Inc. lifted its stake in Woodside Energy Group by 10.1% in the first quarter. Cullen Frost Bankers Inc. now owns 12,164 shares of the company’s stock valued at $176,000 after buying an additional 1,119 shares during the period. Mercer Global Advisors Inc. ADV lifted its stake in Woodside Energy Group by 10.2% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 12,434 shares of the company’s stock valued at $194,000 after buying an additional 1,155 shares during the period. JPMorgan Chase & Co. lifted its stake in Woodside Energy Group by 4.0% in the fourth quarter. JPMorgan Chase & Co. now owns 36,997 shares of the company’s stock valued at $577,000 after buying an additional 1,417 shares during the period. Finally, Greenline Partners LLC acquired a new position in Woodside Energy Group in the fourth quarter valued at approximately $30,000. 3.17% of the stock is currently owned by institutional investors.

Woodside Energy Group Price Performance

Shares of NYSE:WDS opened at $17.67 on Friday. The company has a quick ratio of 1.74, a current ratio of 1.90 and a debt-to-equity ratio of 0.31. Woodside Energy Group Ltd has a twelve month low of $11.26 and a twelve month high of $18.42. The stock’s 50 day moving average is $16.58 and its 200-day moving average is $14.99. The firm has a market capitalization of $33.56 billion, a price-to-earnings ratio of 21.55 and a beta of 0.67.

Woodside Energy Group Increases Dividend

The company also recently announced a semi-annual dividend, which will be paid on Wednesday, September 24th. Stockholders of record on Friday, August 29th will be given a dividend of $0.53 per share. The ex-dividend date of this dividend is Friday, August 29th. This is a positive change from Woodside Energy Group’s previous semi-annual dividend of $0.51. This represents a dividend yield of 700.0%. Woodside Energy Group’s payout ratio is currently 124.39%.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. CLSA raised Woodside Energy Group to a “strong-buy” rating in a research note on Tuesday, June 24th. Wall Street Zen lowered Woodside Energy Group from a “hold” rating to a “sell” rating in a research note on Friday, August 22nd. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Woodside Energy Group presently has an average rating of “Moderate Buy”.

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.