GAMMA Investing LLC Boosts Stock Holdings in Woodside Energy Group Ltd $WDS

GAMMA Investing LLC increased its position in shares of Woodside Energy Group Ltd (NYSE:WDS) by 105.5% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,723 shares of the company’s stock after purchasing an additional 1,398 shares during the period. GAMMA Investing LLC’s holdings in Woodside Energy Group were worth $42,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC raised its holdings in Woodside Energy Group by 24.9% during the first quarter. Smartleaf Asset Management LLC now owns 4,445 shares of the company’s stock worth $66,000 after purchasing an additional 887 shares in the last quarter. Mission Wealth Management LP raised its holdings in Woodside Energy Group by 8.9% during the first quarter. Mission Wealth Management LP now owns 12,692 shares of the company’s stock worth $184,000 after purchasing an additional 1,042 shares in the last quarter. Geneos Wealth Management Inc. raised its holdings in Woodside Energy Group by 111.3% during the first quarter. Geneos Wealth Management Inc. now owns 2,092 shares of the company’s stock worth $30,000 after purchasing an additional 1,102 shares in the last quarter. Cullen Frost Bankers Inc. raised its holdings in Woodside Energy Group by 10.1% during the first quarter. Cullen Frost Bankers Inc. now owns 12,164 shares of the company’s stock worth $176,000 after purchasing an additional 1,119 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. raised its holdings in Woodside Energy Group by 7.0% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 39,368 shares of the company’s stock worth $570,000 after purchasing an additional 2,560 shares in the last quarter. 3.17% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

WDS has been the topic of several recent analyst reports. CLSA upgraded shares of Woodside Energy Group to a “strong-buy” rating in a research report on Tuesday, June 24th. Weiss Ratings restated a “hold (c)” rating on shares of Woodside Energy Group in a research report on Saturday, September 27th. Finally, Wall Street Zen upgraded shares of Woodside Energy Group from a “sell” rating to a “hold” rating in a research report on Sunday, September 28th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Woodside Energy Group Stock Up 1.9%

WDS stock opened at $15.25 on Friday. The company’s 50 day simple moving average is $16.60 and its 200-day simple moving average is $15.18. The firm has a market capitalization of $28.95 billion, a PE ratio of 18.59 and a beta of 0.63. Woodside Energy Group Ltd has a 12 month low of $11.26 and a 12 month high of $18.42. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.90 and a quick ratio of 1.74.

Woodside Energy Group Increases Dividend

The firm also recently declared a semi-annual dividend, which was paid on Wednesday, September 24th. Stockholders of record on Friday, August 29th were given a $0.53 dividend. This is a boost from Woodside Energy Group’s previous semi-annual dividend of $0.51. This represents a dividend yield of 616.0%. The ex-dividend date was Friday, August 29th. Woodside Energy Group’s dividend payout ratio (DPR) is currently 124.39%.

About Woodside Energy Group

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.