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

Woodside Energy Group Ltd (NYSE:WDS) shares gapped down prior to trading on Wednesday . The stock had previously closed at $16.56, but opened at $16.02. Woodside Energy Group shares last traded at $16.05, with a volume of 154,188 shares trading hands.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. The Goldman Sachs Group downgraded shares of Woodside Energy Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 8th. Royal Bank of Canada upgraded shares of Woodside Energy Group to a “moderate buy” rating in a report on Tuesday, August 6th. Sanford C. Bernstein cut Woodside Energy Group from an “outperform” rating to a “market perform” rating in a research report on Tuesday, August 20th. Morgan Stanley cut Woodside Energy Group from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, August 27th. Finally, Citigroup cut Woodside Energy Group from a “neutral” rating to a “sell” rating in a research note on Wednesday, September 4th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Woodside Energy Group has a consensus rating of “Hold”.

Woodside Energy Group Trading Up 0.4 %

The company’s 50 day simple moving average is $17.18 and its 200-day simple moving average is $18.01. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.09 and a current ratio of 1.24.

Woodside Energy Group Increases Dividend

The company also recently declared a Semi-Annual dividend, which was paid on Thursday, October 3rd. Stockholders of record on Friday, September 6th were issued a dividend of $0.67 per share. This represents a dividend yield of 6.8%. This is a boost from Woodside Energy Group’s previous Semi-Annual dividend of $0.60. The ex-dividend date was Friday, September 6th.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Natixis Advisors LLC increased its position in shares of Woodside Energy Group by 25.4% during the 2nd quarter. Natixis Advisors LLC now owns 1,826,619 shares of the company’s stock valued at $34,359,000 after purchasing an additional 369,994 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Woodside Energy Group by 0.7% during the second quarter. Dimensional Fund Advisors LP now owns 869,713 shares of the company’s stock valued at $16,360,000 after buying an additional 6,267 shares during the period. Millennium Management LLC increased its holdings in Woodside Energy Group by 10.6% during the second quarter. Millennium Management LLC now owns 505,380 shares of the company’s stock valued at $9,506,000 after buying an additional 48,278 shares during the last quarter. Nichols & Pratt Advisers LLP MA raised its position in Woodside Energy Group by 0.4% in the second quarter. Nichols & Pratt Advisers LLP MA now owns 258,480 shares of the company’s stock worth $4,862,000 after acquiring an additional 1,031 shares during the period. Finally, Earnest Partners LLC boosted its stake in shares of Woodside Energy Group by 4.3% during the 2nd quarter. Earnest Partners LLC now owns 226,782 shares of the company’s stock worth $4,266,000 after acquiring an additional 9,363 shares during the last quarter. Institutional investors own 3.17% of the company’s stock.

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.