Woodside Energy Group (NYSE:WDS) Hits New 12-Month High – What’s Next?

Woodside Energy Group Ltd (NYSE:WDS) shares hit a new 52-week high during trading on Thursday . The stock traded as high as $22.48 and last traded at $22.3550, with a volume of 268053 shares traded. The stock had previously closed at $22.22.

Analyst Ratings Changes

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

Woodside Energy Group Stock Performance

The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.46 and a current ratio of 1.59. The business’s 50 day simple moving average is $18.40 and its 200-day simple moving average is $16.83.

Woodside Energy Group Dividend Announcement

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

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Arax Advisory Partners lifted its stake in Woodside Energy Group by 257.0% during the fourth quarter. Arax Advisory Partners now owns 1,660 shares of the company’s stock worth $26,000 after purchasing an additional 1,195 shares during the last quarter. EFG International AG bought a new position in shares of Woodside Energy Group in the 4th quarter valued at $32,000. Rothschild Investment LLC increased its stake in shares of Woodside Energy Group by 137.7% in the 2nd quarter. Rothschild Investment LLC now owns 2,073 shares of the company’s stock valued at $32,000 after purchasing an additional 1,201 shares during the last quarter. Geneos Wealth Management Inc. raised its holdings in shares of Woodside Energy Group by 111.3% during 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. Finally, Caitong International Asset Management Co. Ltd acquired a new position in shares of Woodside Energy Group during the 4th quarter worth $35,000. 3.17% of the stock is owned by institutional investors.

Woodside Energy Group Company Profile

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.