Balanced Rock Investment Advisors LLC Invests $180,000 in Woodside Energy Group Ltd (NYSE:WDS)

Balanced Rock Investment Advisors LLC acquired a new position in Woodside Energy Group Ltd (NYSE:WDS) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 11,542 shares of the company’s stock, valued at approximately $180,000.

Other large investors also recently added to or reduced their stakes in the company. Marshall Wace LLP purchased a new stake in shares of Woodside Energy Group in the 4th quarter valued at about $7,809,000. Raymond James Financial Inc. purchased a new position in shares of Woodside Energy Group during the fourth quarter worth about $6,554,000. Summit Global Investments bought a new position in shares of Woodside Energy Group in the fourth quarter worth approximately $5,308,000. Natixis Advisors LLC raised its stake in Woodside Energy Group by 15.6% in the fourth quarter. Natixis Advisors LLC now owns 1,774,759 shares of the company’s stock valued at $27,686,000 after purchasing an additional 239,308 shares in the last quarter. Finally, Sanctuary Advisors LLC lifted its position in Woodside Energy Group by 100.2% during the third quarter. Sanctuary Advisors LLC now owns 79,715 shares of the company’s stock valued at $1,303,000 after purchasing an additional 39,905 shares during the last quarter. Institutional investors own 3.17% of the company’s stock.

Woodside Energy Group Stock Up 2.8 %

Shares of NYSE WDS opened at $12.79 on Friday. The stock has a market capitalization of $24.29 billion, a P/E ratio of 15.60 and a beta of 0.76. 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 Ltd has a one year low of $11.26 and a one year high of $20.17. The firm’s 50 day simple moving average is $14.18 and its two-hundred day simple moving average is $15.33.

Woodside Energy Group Cuts Dividend

The firm also recently announced a semi-annual dividend, which was paid on Wednesday, April 2nd. Investors of record on Friday, March 7th were given a $0.51 dividend. This represents a yield of 7.6%. The ex-dividend date of this dividend was Friday, March 7th. Woodside Energy Group’s payout ratio is presently 124.39%.

Wall Street Analyst Weigh In

WDS has been the topic of a number of research analyst reports. Citigroup raised shares of Woodside Energy Group from a “sell” rating to a “neutral” rating in a report on Tuesday, February 25th. Bank of America raised Woodside Energy Group from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 29th. Finally, Macquarie lowered Woodside Energy Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 8th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold”.

Woodside Energy Group 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.