Truist Financial Corp Sells 3,258 Shares of Woodside Energy Group Ltd $WDS

Truist Financial Corp trimmed its position in shares of Woodside Energy Group Ltd (NYSE:WDS) by 21.4% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,960 shares of the company’s stock after selling 3,258 shares during the period. Truist Financial Corp’s holdings in Woodside Energy Group were worth $185,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. Smartleaf Asset Management LLC grew its stake 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 buying an additional 887 shares in the last quarter. Geneos Wealth Management Inc. grew its stake 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 buying an additional 1,102 shares in the last quarter. Cullen Frost Bankers Inc. grew its stake 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 buying an additional 1,119 shares in the last quarter. GAMMA Investing LLC grew its stake in Woodside Energy Group by 105.5% during the second quarter. GAMMA Investing LLC now owns 2,723 shares of the company’s stock worth $42,000 after buying an additional 1,398 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. grew its stake 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 buying an additional 2,560 shares in the last quarter. 3.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on WDS shares. CLSA upgraded shares of Woodside Energy Group to a “strong-buy” rating in a research note on Tuesday, June 24th. Wall Street Zen cut Woodside Energy Group from a “hold” rating to a “sell” rating in a research report on Saturday, October 11th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Woodside Energy Group in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Woodside Energy Group Stock Performance

Woodside Energy Group stock opened at $14.45 on Friday. The business has a 50 day moving average of $16.10 and a 200-day moving average of $15.18. Woodside Energy Group Ltd has a 1 year low of $11.26 and a 1 year high of $17.70. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.90 and a quick ratio of 1.74. The company has a market capitalization of $27.47 billion, a P/E ratio of 17.62 and a beta of 0.63.

Woodside Energy Group Increases Dividend

The firm also recently declared a semi-annual dividend, which was paid on Wednesday, September 24th. Shareholders of record on Friday, August 29th were issued a dividend of $0.53 per share. This represents a dividend yield of 616.0%. The ex-dividend date was Friday, August 29th. This is a positive change from Woodside Energy Group’s previous semi-annual dividend of $0.51. 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.