Earnest Partners LLC Sells 3,030 Shares of Woodside Energy Group Ltd (NYSE:WDS)

Earnest Partners LLC lessened its stake in shares of Woodside Energy Group Ltd (NYSE:WDS) by 1.3% during the 4th quarter, HoldingsChannel.com reports. The fund owned 224,591 shares of the company’s stock after selling 3,030 shares during the period. Earnest Partners LLC’s holdings in Woodside Energy Group were worth $3,504,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Huntington National Bank raised its stake in Woodside Energy Group by 482.5% in the fourth quarter. Huntington National Bank now owns 1,730 shares of the company’s stock valued at $27,000 after buying an additional 1,433 shares during the period. R Squared Ltd bought a new stake in Woodside Energy Group in the fourth quarter valued at approximately $30,000. Addison Advisors LLC raised its stake in Woodside Energy Group by 559.9% in the fourth quarter. Addison Advisors LLC now owns 1,973 shares of the company’s stock valued at $31,000 after buying an additional 1,674 shares during the period. GAMMA Investing LLC raised its stake in Woodside Energy Group by 43.6% in the fourth quarter. GAMMA Investing LLC now owns 2,176 shares of the company’s stock valued at $34,000 after buying an additional 661 shares during the period. Finally, Wilmington Savings Fund Society FSB bought a new stake in Woodside Energy Group in the third quarter valued at approximately $39,000. Institutional investors own 3.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on WDS. Bank of America upgraded Woodside Energy Group from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 29th. Macquarie lowered Woodside Energy Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 8th. Finally, Citigroup upgraded Woodside Energy Group from a “sell” rating to a “neutral” rating in a research note on Tuesday, February 25th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold”.

Woodside Energy Group Price Performance

Shares of NYSE WDS opened at $13.04 on Tuesday. The firm has a market cap of $24.76 billion, a P/E ratio of 15.90 and a beta of 0.76. 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 1-year low of $11.26 and a 1-year high of $20.17. The business’s 50 day moving average is $13.84 and its 200-day moving average is $15.05.

Woodside Energy Group Cuts Dividend

The company also recently announced a semi-annual dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Friday, March 7th were paid a dividend of $0.51 per share. The ex-dividend date was Friday, March 7th. This represents a dividend yield of 7.6%. Woodside Energy Group’s dividend payout ratio (DPR) is currently 124.39%.

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.