Balanced Rock Investment Advisors LLC Buys New Stake in Woodside Energy Group Ltd (NYSE:WDS)

Balanced Rock Investment Advisors LLC purchased a new stake in Woodside Energy Group Ltd (NYSE:WDS) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor purchased 10,059 shares of the company’s stock, valued at approximately $189,000.

Several other hedge funds also recently added to or reduced their stakes in WDS. Massachusetts Financial Services Co. MA grew its stake in shares of Woodside Energy Group by 70.5% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 141,284 shares of the company’s stock valued at $2,980,000 after buying an additional 58,412 shares in the last quarter. GAMMA Investing LLC purchased a new stake in shares of Woodside Energy Group during the fourth quarter valued at approximately $30,000. International Assets Investment Management LLC purchased a new stake in shares of Woodside Energy Group during the fourth quarter valued at approximately $1,010,000. Stifel Financial Corp lifted its position in shares of Woodside Energy Group by 21.2% during the fourth quarter. Stifel Financial Corp now owns 220,231 shares of the company’s stock worth $4,645,000 after purchasing an additional 38,497 shares in the last quarter. Finally, US Bancorp DE boosted its stake in shares of Woodside Energy Group by 65.7% in the first quarter. US Bancorp DE now owns 114,125 shares of the company’s stock valued at $2,279,000 after purchasing an additional 45,258 shares during the period. 3.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on WDS. The Goldman Sachs Group downgraded shares of Woodside Energy Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 8th. Citigroup raised Woodside Energy Group from a “strong sell” rating to a “hold” rating in a research report on Monday, August 26th. Sanford C. Bernstein downgraded Woodside Energy Group from an “outperform” rating to a “market perform” rating in a report on Tuesday, August 20th. Macquarie upgraded Woodside Energy Group to a “strong-buy” rating in a report on Sunday, June 23rd. Finally, Royal Bank of Canada raised Woodside Energy Group to a “moderate buy” rating in a research report on Tuesday, August 6th. Four investment analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Woodside Energy Group presently has an average rating of “Hold”.

Woodside Energy Group Price Performance

Woodside Energy Group stock traded up $0.02 during midday trading on Friday, hitting $18.33. The stock had a trading volume of 691,047 shares, compared to its average volume of 931,073. The company has a quick ratio of 0.90, a current ratio of 1.03 and a debt-to-equity ratio of 0.14. The business has a fifty day moving average price of $18.28 and a 200 day moving average price of $18.75. Woodside Energy Group Ltd has a 12 month low of $16.13 and a 12 month high of $25.05.

Woodside Energy Group Increases Dividend

The company also recently declared a Semi-Annual dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Friday, September 6th will be issued a $0.67 dividend. This represents a dividend yield of 6.8%. This is an increase from Woodside Energy Group’s previous Semi-Annual dividend of $0.60. The ex-dividend date of this dividend is Friday, September 6th.

Woodside Energy Group 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.