QRG Capital Management Inc. Buys 15,728 Shares of Woodside Energy Group Ltd (NYSE:WDS)

QRG Capital Management Inc. boosted its stake in shares of Woodside Energy Group Ltd (NYSE:WDS) by 56.2% in the fourth quarter, Holdings Channel reports. The firm owned 43,710 shares of the company’s stock after acquiring an additional 15,728 shares during the period. QRG Capital Management Inc.’s holdings in Woodside Energy Group were worth $682,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Avior Wealth Management LLC lifted 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 worth $28,000 after buying an additional 1,000 shares during the last quarter. R Squared Ltd bought a new position in Woodside Energy Group in the 4th quarter worth $30,000. Addison Advisors LLC raised its holdings in Woodside Energy Group by 559.9% in 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 during the period. GAMMA Investing LLC lifted its position 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 acquiring an additional 661 shares during the last quarter. Finally, Nisa Investment Advisors LLC boosted its holdings in Woodside Energy Group by 81.8% during the third quarter. Nisa Investment Advisors LLC now owns 2,000 shares of the company’s stock valued at $36,000 after acquiring an additional 900 shares during the period. Institutional investors and hedge funds own 3.17% of the company’s stock.

Woodside Energy Group Stock Performance

NYSE WDS opened at $15.16 on Wednesday. The company’s fifty day moving average is $15.51 and its two-hundred day moving average is $16.11. Woodside Energy Group Ltd has a 52-week low of $14.34 and a 52-week 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. The firm has a market capitalization of $28.78 billion, a price-to-earnings ratio of 18.48 and a beta of 1.09.

Woodside Energy Group Cuts Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on WDS shares. Citigroup upgraded Woodside Energy Group from a “sell” rating to a “neutral” rating in a research note on Tuesday, February 25th. Bank of America raised Woodside Energy Group from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 29th. Four 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 stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

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.