Woodside Energy Group (NYSE:WDS) Reaches New 1-Year High After Dividend Announcement

Woodside Energy Group Ltd (NYSE:WDS) shares reached a new 52-week high during mid-day trading on Wednesday following a dividend announcement from the company. The stock traded as high as $20.12 and last traded at $19.9450, with a volume of 150354 shares trading hands. The stock had previously closed at $19.57.

The newly announced dividend which will be paid on Friday, March 27th. Shareholders of record on Friday, March 6th will be paid a dividend of $0.59 per share. This represents a yield of 594.0%. The ex-dividend date of this dividend is Friday, March 6th.

Analysts Set New Price Targets

A number of research firms have recently issued reports on WDS. Weiss Ratings reissued a “hold (c-)” rating on shares of Woodside Energy Group in a research note on Monday, December 29th. Wall Street Zen raised Woodside Energy Group from a “sell” rating to a “hold” rating in a research report on Monday, January 19th. One analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Woodside Energy Group currently has an average rating of “Moderate Buy”.

Woodside Energy Group Stock Performance

The company’s fifty day moving average is $16.91 and its two-hundred day moving average is $16.47. The company has a quick ratio of 1.74, a current ratio of 1.90 and a debt-to-equity ratio of 0.31.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in WDS. Arax Advisory Partners boosted its holdings in shares of Woodside Energy Group by 257.0% during the fourth quarter. Arax Advisory Partners now owns 1,660 shares of the company’s stock worth $26,000 after purchasing an additional 1,195 shares during the last quarter. EFG International AG acquired a new position in Woodside Energy Group during the 4th quarter worth approximately $32,000. Rothschild Investment LLC boosted its holdings in Woodside Energy Group by 137.7% in the 2nd quarter. Rothschild Investment LLC now owns 2,073 shares of the company’s stock worth $32,000 after acquiring an additional 1,201 shares during the period. Geneos Wealth Management Inc. grew its position in Woodside Energy Group by 111.3% in the first quarter. Geneos Wealth Management Inc. now owns 2,092 shares of the company’s stock valued at $30,000 after acquiring an additional 1,102 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd acquired a new position in shares of Woodside Energy Group during the fourth quarter worth $35,000. Hedge funds and other institutional investors own 3.17% of the company’s stock.

About Woodside Energy Group

Woodside Energy Group (NYSE: WDS) is an Australia-based energy company focused on the exploration, development, production and marketing of oil and natural gas, with a strong emphasis on liquefied natural gas (LNG). The company’s activities span the upstream value chain, including exploration and appraisal of hydrocarbon resources, development and operation of production facilities, and the sale and delivery of hydrocarbons to global customers.

Woodside’s operations center on conventional oil and gas projects and large-scale LNG processing and export, supported by project management, engineering and commercial trading capabilities.