Moran Wealth Management LLC Decreases Position in Woodside Energy Group Ltd (NYSE:WDS)

Moran Wealth Management LLC trimmed its holdings in shares of Woodside Energy Group Ltd (NYSE:WDS) by 4.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,585 shares of the company’s stock after selling 1,785 shares during the quarter. Moran Wealth Management LLC’s holdings in Woodside Energy Group were worth $631,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in WDS. Creative Planning boosted its holdings in Woodside Energy Group by 75.2% in the second quarter. Creative Planning now owns 92,243 shares of the company’s stock worth $1,735,000 after acquiring an additional 39,602 shares in the last quarter. Hsbc Holdings PLC purchased a new position in shares of Woodside Energy Group in the 2nd quarter valued at approximately $3,283,000. Tidal Investments LLC purchased a new stake in Woodside Energy Group during the 1st quarter worth approximately $272,000. Bayesian Capital Management LP purchased a new stake in Woodside Energy Group during the 1st quarter worth approximately $557,000. Finally, Mediolanum International Funds Ltd acquired a new position in Woodside Energy Group during the 3rd quarter valued at approximately $702,000. 3.17% of the stock is owned by institutional investors and hedge funds.

Woodside Energy Group Trading Up 1.0 %

NYSE WDS opened at $16.35 on Friday. The stock has a 50-day simple moving average of $16.53 and a two-hundred day simple moving average of $17.57. 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 Ltd has a fifty-two week low of $15.24 and a fifty-two week high of $21.63.

Woodside Energy Group Increases Dividend

The business also recently declared a Semi-Annual dividend, which was paid on Thursday, October 3rd. Investors of record on Friday, September 6th were given a dividend of $0.67 per share. This is a boost from Woodside Energy Group’s previous Semi-Annual dividend of $0.60. This represents a yield of 6.8%. The ex-dividend date of this dividend was Friday, September 6th.

Analyst Ratings Changes

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

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.