Woodside Energy Group (NYSE:WDS) Sets New 52-Week Low – Here’s Why

Woodside Energy Group Ltd (NYSE:WDS) shares hit a new 52-week low during trading on Thursday . The stock traded as low as $13.80 and last traded at $13.84, with a volume of 576591 shares traded. The stock had previously closed at $14.54.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on WDS shares. Citigroup upgraded Woodside Energy Group from a “sell” rating to a “neutral” rating in a report on Tuesday, February 25th. Bank of America raised shares of Woodside Energy Group from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 29th. Four analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Woodside Energy Group presently has an average rating of “Moderate Buy”.

Woodside Energy Group Price Performance

The stock has a market cap of $22.07 billion, a PE ratio of 14.18 and a beta of 0.76. The stock’s fifty day moving average is $14.89 and its 200-day moving average is $15.67. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.24 and a quick ratio of 1.09.

Woodside Energy Group Cuts Dividend

The company also recently declared a semi-annual dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Friday, March 7th were paid a $0.51 dividend. 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 124.39%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. FMR LLC raised its position in Woodside Energy Group by 92.2% in the third quarter. FMR LLC now owns 2,023,151 shares of the company’s stock valued at $34,879,000 after purchasing an additional 970,640 shares during the period. Northern Trust Corp raised its holdings in Woodside Energy Group by 713.0% in the 4th quarter. Northern Trust Corp now owns 1,089,286 shares of the company’s stock valued at $16,993,000 after buying an additional 955,303 shares during the period. Marshall Wace LLP acquired a new position in Woodside Energy Group in the fourth quarter valued at about $7,809,000. Raymond James Financial Inc. purchased a new position in Woodside Energy Group during the fourth quarter worth about $6,554,000. Finally, Voloridge Investment Management LLC acquired a new stake in shares of Woodside Energy Group during the fourth quarter valued at about $5,388,000. 3.17% of the stock is currently owned by institutional investors and hedge funds.

Woodside Energy Group Company Profile

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.