Woodside Energy Group Sees Unusually High Options Volume (NYSE:WDS)

Woodside Energy Group Ltd (NYSE:WDS) was the target of unusually large options trading activity on Thursday. Traders bought 2,439 call options on the stock. This represents an increase of 522% compared to the typical volume of 392 call options.

Institutional Investors Weigh In On Woodside Energy Group

Hedge funds have recently bought and sold shares of the stock. Syon Capital LLC raised its stake in Woodside Energy Group by 3.2% during the fourth quarter. Syon Capital LLC now owns 17,561 shares of the company’s stock worth $274,000 after purchasing an additional 543 shares during the period. Allworth Financial LP grew its stake in shares of Woodside Energy Group by 19.3% in the 4th quarter. Allworth Financial LP now owns 3,907 shares of the company’s stock valued at $61,000 after buying an additional 633 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in shares of Woodside Energy Group by 38.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,317 shares of the company’s stock valued at $36,000 after buying an additional 646 shares during the period. Rockefeller Capital Management L.P. increased its holdings in shares of Woodside Energy Group by 20.1% during the 4th quarter. Rockefeller Capital Management L.P. now owns 3,930 shares of the company’s stock worth $61,000 after buying an additional 657 shares during the last quarter. Finally, Savant Capital LLC increased its holdings in shares of Woodside Energy Group by 3.0% during the 3rd quarter. Savant Capital LLC now owns 24,408 shares of the company’s stock worth $367,000 after buying an additional 701 shares during the last quarter. Hedge funds and other institutional investors own 3.17% of the company’s stock.

Woodside Energy Group Trading Up 7.1%

NYSE WDS opened at $24.48 on Friday. The stock has a 50-day simple moving average of $19.00 and a two-hundred day simple moving average of $16.98. The company has a current ratio of 1.59, a quick ratio of 1.46 and a debt-to-equity ratio of 0.28. Woodside Energy Group has a fifty-two week low of $11.26 and a fifty-two week high of $25.19.

Woodside Energy Group Dividend Announcement

The business also recently declared a dividend, which will be paid on Friday, March 27th. Investors of record on Friday, March 6th will be given a dividend of $0.59 per share. This represents a yield of 594.0%. The ex-dividend date is Friday, March 6th.

Analyst Upgrades and Downgrades

WDS has been the topic of several research reports. Wall Street Zen raised Woodside Energy Group from a “sell” rating to a “hold” rating in a research report on Monday, January 19th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Woodside Energy Group in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Woodside Energy Group Company Profile

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.