Woodside Energy Group (NYSE:WDS) Reaches New 12-Month High After Dividend Announcement

Woodside Energy Group Ltd (NYSE:WDS) shares hit a new 52-week high during mid-day trading on Wednesday following a dividend announcement from the company. The stock traded as high as $20.12 and last traded at $19.9450, with a volume of 150354 shares changing hands. The stock had previously closed at $19.57.

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

Wall Street Analyst Weigh In

A number of brokerages recently commented on WDS. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Woodside Energy Group in a research report on Monday, December 29th. Wall Street Zen raised shares of Woodside Energy Group from a “sell” rating to a “hold” rating in a research report on Monday, January 19th. One research analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Woodside Energy Group Trading Up 1.7%

The company has a current ratio of 1.90, a quick ratio of 1.74 and a debt-to-equity ratio of 0.31. The company has a 50-day moving average price of $16.82 and a two-hundred day moving average price of $16.44.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Morgan Stanley increased its position in shares of Woodside Energy Group by 32.3% during the 4th quarter. Morgan Stanley now owns 4,539,156 shares of the company’s stock valued at $70,765,000 after purchasing an additional 1,108,540 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in Woodside Energy Group by 4.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 3,416,708 shares of the company’s stock worth $53,266,000 after buying an additional 148,588 shares in the last quarter. UBS Group AG boosted its stake in Woodside Energy Group by 381.1% in the fourth quarter. UBS Group AG now owns 1,222,912 shares of the company’s stock worth $19,065,000 after buying an additional 968,707 shares in the last quarter. First Trust Advisors LP grew its position in Woodside Energy Group by 43.7% during the fourth quarter. First Trust Advisors LP now owns 889,577 shares of the company’s stock valued at $13,869,000 after acquiring an additional 270,674 shares during the last quarter. Finally, Millennium Management LLC raised its stake in shares of Woodside Energy Group by 3,532.4% during the fourth quarter. Millennium Management LLC now owns 735,455 shares of the company’s stock worth $11,466,000 after acquiring an additional 715,208 shares in the last quarter. Institutional investors own 3.17% of the company’s stock.

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.