Woodside Energy Group (NYSE:WDS) Shares Gap Down – Should You Sell?

Woodside Energy Group Ltd (NYSE:WDS) shares gapped down before the market opened on Monday . The stock had previously closed at $24.14, but opened at $22.98. Woodside Energy Group shares last traded at $23.6940, with a volume of 380,565 shares traded.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Wall Street Zen raised shares of Woodside Energy Group from a “sell” rating to a “hold” rating in a report on Monday, January 19th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Woodside Energy Group in a report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Woodside Energy Group Stock Up 2.5%

The company has a quick ratio of 1.46, a current ratio of 1.59 and a debt-to-equity ratio of 0.28. The company has a 50 day moving average price of $19.49 and a 200-day moving average price of $17.14.

Woodside Energy Group Dividend Announcement

The business also recently announced a dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, March 6th will be paid a dividend of $0.59 per share. The ex-dividend date of this dividend is Friday, March 6th. This represents a yield of 594.0%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. AQR Capital Management LLC acquired a new position in shares of Woodside Energy Group during the first quarter valued at approximately $279,000. Jane Street Group LLC increased its position in shares of Woodside Energy Group by 648.0% during the 1st quarter. Jane Street Group LLC now owns 383,379 shares of the company’s stock valued at $5,555,000 after purchasing an additional 332,125 shares during the period. Geneos Wealth Management Inc. raised its stake in shares of Woodside Energy Group by 111.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 2,092 shares of the company’s stock worth $30,000 after buying an additional 1,102 shares in the last quarter. Cetera Investment Advisers lifted its holdings in shares of Woodside Energy Group by 4.4% in the second quarter. Cetera Investment Advisers now owns 42,025 shares of the company’s stock valued at $648,000 after buying an additional 1,756 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in Woodside Energy Group by 103.3% during the second quarter. JPMorgan Chase & Co. now owns 66,840 shares of the company’s stock valued at $1,031,000 after buying an additional 33,956 shares in the last quarter. 3.17% of the stock is currently owned by institutional investors.

About Woodside Energy Group

Woodside Energy Group (NYSE: WDS) is an Australia-based energy company focused on the exploration, development, production and marketing of oil and natural gas, with a strong emphasis on liquefied natural gas (LNG). The company’s activities span the upstream value chain, including exploration and appraisal of hydrocarbon resources, development and operation of production facilities, and the sale and delivery of hydrocarbons to global customers.

Woodside’s operations center on conventional oil and gas projects and large-scale LNG processing and export, supported by project management, engineering and commercial trading capabilities.