Moran Wealth Management LLC Cuts Stock Position in Woodside Energy Group Ltd (NYSE:WDS)

Moran Wealth Management LLC decreased its holdings in Woodside Energy Group Ltd (NYSE:WDS) by 8.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 33,336 shares of the company’s stock after selling 3,249 shares during the quarter. Moran Wealth Management LLC’s holdings in Woodside Energy Group were worth $520,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC lifted its holdings in Woodside Energy Group by 43.6% during the 4th quarter. GAMMA Investing LLC now owns 2,176 shares of the company’s stock worth $34,000 after buying an additional 661 shares in the last quarter. Mission Wealth Management LP increased its position in shares of Woodside Energy Group by 8.2% during the fourth quarter. Mission Wealth Management LP now owns 11,650 shares of the company’s stock worth $182,000 after acquiring an additional 881 shares during the period. Avior Wealth Management LLC raised its stake in shares of Woodside Energy Group by 155.3% in the third quarter. Avior Wealth Management LLC now owns 1,644 shares of the company’s stock valued at $28,000 after acquiring an additional 1,000 shares in the last quarter. Rhumbline Advisers boosted its holdings in Woodside Energy Group by 3.1% in the fourth quarter. Rhumbline Advisers now owns 43,629 shares of the company’s stock valued at $681,000 after purchasing an additional 1,314 shares during the period. Finally, Cromwell Holdings LLC grew its stake in Woodside Energy Group by 34.1% during the 4th quarter. Cromwell Holdings LLC now owns 5,957 shares of the company’s stock worth $93,000 after purchasing an additional 1,515 shares in the last quarter. Hedge funds and other institutional investors own 3.17% of the company’s stock.

Woodside Energy Group Stock Down 0.6 %

Woodside Energy Group stock opened at $14.36 on Thursday. The stock’s fifty day moving average is $15.43 and its two-hundred day moving average is $16.00. The stock has a market cap of $27.26 billion, a PE ratio of 17.51 and a beta of 1.03. Woodside Energy Group Ltd has a 1-year low of $14.22 and a 1-year high of $20.30. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.24 and a quick ratio of 1.09.

Woodside Energy Group Cuts Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Friday, March 7th will be issued a dividend of $0.51 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a yield of 7.6%. Woodside Energy Group’s payout ratio is currently 124.39%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Citigroup raised Woodside Energy Group from a “sell” rating to a “neutral” rating in a research report on Tuesday, February 25th. Bank of America raised shares of Woodside Energy Group from a “neutral” rating to a “buy” rating in a report on Wednesday, January 29th. Four analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Woodside Energy Group currently has an average rating of “Moderate Buy”.

Woodside Energy Group 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.