Woodside Energy Group Ltd (NYSE:WDS) Short Interest Update

Woodside Energy Group Ltd (NYSE:WDS) saw a large decline in short interest in February. As of February 15th, there was short interest totalling 2,000,000 shares, a decline of 13.8% from the January 31st total of 2,320,000 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily volume of 893,000 shares, the short-interest ratio is presently 2.2 days.

Woodside Energy Group Price Performance

Shares of Woodside Energy Group stock opened at $15.16 on Wednesday. The firm has a market cap of $28.78 billion, a PE ratio of 18.48 and a beta of 1.09. The stock has a 50 day moving average of $15.51 and a 200 day moving average of $16.11. The company has a current ratio of 1.24, a quick ratio of 1.09 and a debt-to-equity ratio of 0.13. Woodside Energy Group has a 12 month low of $14.34 and a 12 month high of $20.30.

Woodside Energy Group Cuts Dividend

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

Wall Street Analysts Forecast Growth

WDS has been the subject of a number of research analyst reports. Bank of America raised shares of Woodside Energy Group from a “neutral” rating to a “buy” rating in a 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 analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Woodside Energy Group has an average rating of “Moderate Buy”.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. International Assets Investment Management LLC bought a new position in Woodside Energy Group during the third quarter valued at $282,000. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Woodside Energy Group during the 3rd quarter valued at about $183,000. Nisa Investment Advisors LLC raised its position in shares of Woodside Energy Group by 81.8% during the 3rd quarter. Nisa Investment Advisors LLC now owns 2,000 shares of the company’s stock valued at $36,000 after buying an additional 900 shares in the last quarter. XY Capital Ltd lifted its holdings in shares of Woodside Energy Group by 554.0% in the 3rd quarter. XY Capital Ltd now owns 334,833 shares of the company’s stock valued at $5,773,000 after acquiring an additional 283,633 shares during the last quarter. Finally, Oppenheimer & Co. Inc. grew its position in Woodside Energy Group by 18.7% in the third quarter. Oppenheimer & Co. Inc. now owns 45,623 shares of the company’s stock worth $787,000 after acquiring an additional 7,174 shares in the last quarter. 3.17% of the stock is owned by hedge funds and other institutional investors.

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.