Woodside Energy Group (NYSE:WDS) Reaches New 12-Month High – Still a Buy?

Woodside Energy Group Ltd (NYSE:WDS)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as $21.58 and last traded at $21.42, with a volume of 1543542 shares. The stock had previously closed at $20.48.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Weiss Ratings reissued a “hold (c-)” rating on shares of Woodside Energy Group in a research report on Monday, December 29th. Wall Street Zen upgraded shares of Woodside Energy Group from a “sell” rating to a “hold” rating in a research note on Monday, January 19th. One equities research 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, the stock has an average rating of “Moderate Buy”.

Woodside Energy Group Price Performance

The company’s 50 day moving average is $17.50 and its two-hundred day moving average is $16.59. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.59 and a quick ratio of 1.46.

Woodside Energy Group Announces Dividend

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

Institutional Investors Weigh In On Woodside Energy Group

A number of institutional investors have recently added to or reduced their stakes in the stock. Arax Advisory Partners boosted its stake in shares of Woodside Energy Group by 257.0% in the 4th quarter. Arax Advisory Partners now owns 1,660 shares of the company’s stock valued at $26,000 after purchasing an additional 1,195 shares in the last quarter. Geneos Wealth Management Inc. boosted its position in Woodside Energy Group by 111.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 2,092 shares of the company’s stock valued at $30,000 after buying an additional 1,102 shares during the last quarter. Rothschild Investment LLC increased its position in Woodside Energy Group by 137.7% in the second quarter. Rothschild Investment LLC now owns 2,073 shares of the company’s stock worth $32,000 after purchasing an additional 1,201 shares during the period. EFG International AG acquired a new stake in shares of Woodside Energy Group during the 4th quarter worth approximately $32,000. Finally, MAI Capital Management grew its holdings in Woodside Energy Group by 206.6% during the 2nd quarter. MAI Capital Management now owns 2,287 shares of the company’s stock worth $35,000 after acquiring an additional 1,541 shares during the period. 3.17% of the stock is owned by institutional investors and hedge funds.

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.