M&T Bank Corp Has $448,000 Holdings in Woodside Energy Group Ltd (NYSE:WDS)

M&T Bank Corp grew its holdings in shares of Woodside Energy Group Ltd (NYSE:WDS) by 9.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 28,725 shares of the company’s stock after acquiring an additional 2,555 shares during the quarter. M&T Bank Corp’s holdings in Woodside Energy Group were worth $448,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently made changes to their positions in WDS. Avior Wealth Management LLC boosted its position in shares of Woodside Energy Group by 155.3% during the 3rd quarter. Avior Wealth Management LLC now owns 1,644 shares of the company’s stock worth $28,000 after acquiring an additional 1,000 shares in the last quarter. R Squared Ltd acquired a new stake in shares of Woodside Energy Group during the 4th quarter worth approximately $30,000. Addison Advisors LLC boosted its position in shares of Woodside Energy Group by 559.9% during the 4th quarter. Addison Advisors LLC now owns 1,973 shares of the company’s stock worth $31,000 after acquiring an additional 1,674 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of 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 acquiring an additional 661 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Woodside Energy Group during the 3rd quarter worth approximately $39,000. Institutional investors and hedge funds own 3.17% of the company’s stock.

Analysts Set New Price Targets

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

Woodside Energy Group Price Performance

Shares of NYSE:WDS opened at $14.13 on Friday. The company has a market cap of $26.82 billion, a price-to-earnings ratio of 17.23 and a beta of 1.03. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.24 and a quick ratio of 1.09. The firm has a 50 day simple moving average of $15.39 and a 200 day simple moving average of $15.99. Woodside Energy Group Ltd has a one year low of $14.10 and a one year high of $20.30.

Woodside Energy Group Cuts Dividend

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