Woodside Energy Group (NYSE:WDS) Shares Gap Down – What’s Next?

Woodside Energy Group Ltd (NYSE:WDS) shares gapped down prior to trading on Wednesday . The stock had previously closed at $24.68, but opened at $22.81. Woodside Energy Group shares last traded at $23.0650, with a volume of 436,671 shares traded.

Analyst Upgrades and Downgrades

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

Woodside Energy Group Price Performance

The company has a debt-to-equity ratio of 0.28, a current ratio of 1.59 and a quick ratio of 1.46. The business has a 50 day moving average price of $21.06 and a two-hundred day moving average price of $17.71.

Woodside Energy Group Announces Dividend

The firm also recently disclosed a dividend, which was paid on Friday, March 27th. Stockholders of record on Friday, March 6th were paid a $0.59 dividend. The ex-dividend date of this dividend was Friday, March 6th. This represents a dividend yield of 594.0%.

Insider Buying and Selling at Woodside Energy Group

In other news, insider Mark Anthony Abbotsford sold 7,500 shares of the company’s stock in a transaction dated Monday, March 23rd. The stock was sold at an average price of $24.06, for a total value of $180,450.00. Following the completion of the transaction, the insider owned 24,467 shares of the company’s stock, valued at $588,676.02. This represents a 23.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.04% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Woodside Energy Group

A number of hedge funds have recently made changes to their positions in the business. McAlvany Wealth Management LLC bought a new position in shares of Woodside Energy Group in the fourth quarter worth about $1,480,000. Rockefeller Capital Management L.P. boosted its stake in shares of Woodside Energy Group by 20.1% in the fourth quarter. Rockefeller Capital Management L.P. now owns 3,930 shares of the company’s stock worth $61,000 after acquiring an additional 657 shares during the period. SG Trading Solutions LLC bought a new position in shares of Woodside Energy Group in the fourth quarter worth about $329,000. Virtu Financial LLC bought a new position in shares of Woodside Energy Group in the fourth quarter worth about $188,000. Finally, Mercer Global Advisors Inc. ADV boosted its stake in shares of Woodside Energy Group by 7.7% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 11,173 shares of the company’s stock worth $174,000 after acquiring an additional 798 shares during the period. 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.