Bank of New York Mellon Corp Has $1.08 Million Stake in Woodside Energy Group Ltd (NYSE:WDS)

Bank of New York Mellon Corp lowered its holdings in shares of Woodside Energy Group Ltd (NYSE:WDS) by 5.5% during the fourth quarter, HoldingsChannel reports. The firm owned 69,161 shares of the company’s stock after selling 3,987 shares during the quarter. Bank of New York Mellon Corp’s holdings in Woodside Energy Group were worth $1,079,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Avior Wealth Management LLC raised its holdings in 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 buying an additional 1,000 shares during the period. Massachusetts Financial Services Co. MA increased its position in shares of Woodside Energy Group by 4.3% during the third quarter. Massachusetts Financial Services Co. MA now owns 193,673 shares of the company’s stock worth $3,339,000 after acquiring an additional 7,903 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Woodside Energy Group by 12.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 140,660 shares of the company’s stock worth $2,425,000 after acquiring an additional 16,118 shares during the period. Cerity Partners LLC lifted its position in Woodside Energy Group by 40.7% in the 3rd quarter. Cerity Partners LLC now owns 45,852 shares of the company’s stock valued at $790,000 after acquiring an additional 13,252 shares in the last quarter. Finally, Associated Banc Corp boosted its stake in Woodside Energy Group by 0.6% in the 3rd quarter. Associated Banc Corp now owns 842,490 shares of the company’s stock worth $14,525,000 after purchasing an additional 5,067 shares during the period. Institutional investors own 3.17% of the company’s stock.

Analyst Ratings Changes

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

Woodside Energy Group Stock Up 2.4 %

Woodside Energy Group stock opened at $14.55 on Tuesday. The company has a fifty day simple moving average of $15.20 and a 200 day simple moving average of $15.78. Woodside Energy Group Ltd has a 1-year low of $14.11 and a 1-year high of $20.30. The company has a current ratio of 1.24, a quick ratio of 1.09 and a debt-to-equity ratio of 0.13. The company has a market cap of $27.62 billion, a P/E ratio of 17.74 and a beta of 1.03.

Woodside Energy Group Cuts Dividend

The business also recently announced a semi-annual dividend, which will be paid on Wednesday, April 2nd. Investors 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 presently 124.39%.

Woodside Energy Group Company 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.