Van ECK Associates Corp Sells 927 Shares of Woodside Energy Group Ltd (NYSE:WDS)

Van ECK Associates Corp trimmed its position in Woodside Energy Group Ltd (NYSE:WDS) by 3.6% during the third quarter, Holdings Channel reports. The firm owned 25,018 shares of the company’s stock after selling 927 shares during the quarter. Van ECK Associates Corp’s holdings in Woodside Energy Group were worth $402,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of WDS. Natixis Advisors LLC raised its stake in Woodside Energy Group by 25.4% in the second quarter. Natixis Advisors LLC now owns 1,826,619 shares of the company’s stock valued at $34,359,000 after buying an additional 369,994 shares during the period. Bank of Montreal Can acquired a new stake in Woodside Energy Group during the 2nd quarter valued at $3,961,000. Hsbc Holdings PLC acquired a new stake in Woodside Energy Group during the 2nd quarter valued at $3,283,000. Capital World Investors boosted its position in Woodside Energy Group by 213.2% during the first quarter. Capital World Investors now owns 137,056 shares of the company’s stock worth $2,737,000 after purchasing an additional 93,301 shares during the period. Finally, MADDEN SECURITIES Corp increased its holdings in shares of Woodside Energy Group by 47.2% in the third quarter. MADDEN SECURITIES Corp now owns 220,272 shares of the company’s stock valued at $3,797,000 after purchasing an additional 70,660 shares during the last quarter. 3.17% of the stock is currently owned by institutional investors and hedge funds.

Woodside Energy Group Stock Down 2.1 %

Shares of NYSE WDS opened at $15.39 on Wednesday. Woodside Energy Group Ltd has a 52 week low of $15.28 and a 52 week high of $21.63. The stock’s fifty day moving average is $16.67 and its 200 day moving average is $17.70. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.09 and a current ratio of 1.24. The stock has a market capitalization of $15.14 billion, a P/E ratio of 13.62 and a beta of 1.11.

Woodside Energy Group Increases Dividend

The company also recently announced a Semi-Annual dividend, which was paid on Thursday, October 3rd. Stockholders of record on Friday, September 6th were given a $0.67 dividend. The ex-dividend date of this dividend was Friday, September 6th. This is a boost from Woodside Energy Group’s previous Semi-Annual dividend of $0.60. This represents a dividend yield of 6.8%. Woodside Energy Group’s payout ratio is presently 118.58%.

Analysts Set New Price Targets

Several analysts recently commented on WDS shares. Sanford C. Bernstein downgraded shares of Woodside Energy Group from an “outperform” rating to a “market perform” rating in a report on Tuesday, August 20th. Citigroup downgraded Woodside Energy Group from a “neutral” rating to a “sell” rating in a research report on Wednesday, September 4th. The Goldman Sachs Group cut Woodside Energy Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 8th. Royal Bank of Canada raised Woodside Energy Group to a “moderate buy” rating in a report on Tuesday, August 6th. Finally, Morgan Stanley downgraded Woodside Energy Group from an “overweight” rating to an “equal weight” rating in a report on Tuesday, August 27th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

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.