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

Woodside Energy Group Ltd (NYSE:WDS)’s stock price gapped down before the market opened 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 changing hands.

Analyst Ratings Changes

WDS has been the topic of a number of research analyst reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Woodside Energy Group in a 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 investment analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

Woodside Energy Group Price Performance

The company has a current ratio of 1.59, a quick ratio of 1.46 and a debt-to-equity ratio of 0.28. The business has a 50-day moving average of $21.06 and a 200 day moving average of $17.71.

Woodside Energy Group Dividend Announcement

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

Insider Buying and Selling

In related news, insider Mark Anthony Abbotsford sold 7,500 shares of the company’s stock in a transaction on Monday, March 23rd. The stock was sold at an average price of $24.06, for a total transaction of $180,450.00. Following the completion of the sale, the insider owned 24,467 shares in the company, valued at approximately $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 Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.04% of the company’s stock.

Institutional Trading of Woodside Energy Group

A number of hedge funds have recently bought and sold shares of WDS. McAlvany Wealth Management LLC purchased a new stake in Woodside Energy Group in the fourth quarter worth about $1,480,000. Rockefeller Capital Management L.P. increased its position in 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 buying an additional 657 shares in the last quarter. SG Trading Solutions LLC purchased a new stake in Woodside Energy Group in the fourth quarter worth about $329,000. Virtu Financial LLC purchased a new stake in Woodside Energy Group in the fourth quarter worth about $188,000. Finally, Mercer Global Advisors Inc. ADV increased its position in 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 buying an additional 798 shares in the last quarter. Hedge funds and other 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.