Woodside Energy Group Ltd (NYSE:WDS) Shares Acquired by Hourglass Capital LLC

Hourglass Capital LLC grew its position in Woodside Energy Group Ltd (NYSE:WDS) by 10.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 219,471 shares of the company’s stock after purchasing an additional 20,912 shares during the quarter. Hourglass Capital LLC’s holdings in Woodside Energy Group were worth $3,784,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of WDS. Allspring Global Investments Holdings LLC acquired a new stake in shares of Woodside Energy Group in the 1st quarter valued at $92,000. Oppenheimer & Co. Inc. raised its holdings in shares of Woodside Energy Group by 25.3% in the 1st quarter. Oppenheimer & Co. Inc. now owns 30,036 shares of the company’s stock valued at $600,000 after purchasing an additional 6,062 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Woodside Energy Group by 54.3% in the 1st quarter. Russell Investments Group Ltd. now owns 1,710 shares of the company’s stock valued at $34,000 after purchasing an additional 602 shares in the last quarter. US Bancorp DE raised its holdings in shares of Woodside Energy Group by 65.7% in the 1st quarter. US Bancorp DE now owns 114,125 shares of the company’s stock valued at $2,279,000 after purchasing an additional 45,258 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC raised its holdings in shares of Woodside Energy Group by 58.1% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 86,645 shares of the company’s stock valued at $1,730,000 after purchasing an additional 31,824 shares in the last quarter. 3.17% of the stock is currently owned by institutional investors and hedge funds.

Woodside Energy Group Trading Up 0.8 %

WDS stock opened at $15.52 on Thursday. Woodside Energy Group Ltd has a one year low of $15.24 and a one year high of $21.63. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.09 and a current ratio of 1.24. The company has a fifty day moving average of $16.61 and a 200-day moving average of $17.68.

Woodside Energy Group Increases Dividend

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

Wall Street Analysts Forecast Growth

WDS has been the topic of a number of recent analyst reports. Royal Bank of Canada raised shares of Woodside Energy Group to a “moderate buy” rating in a research report on Tuesday, August 6th. Citigroup downgraded shares of Woodside Energy Group from a “neutral” rating to a “sell” rating in a research report on Wednesday, September 4th. Sanford C. Bernstein downgraded shares of Woodside Energy Group from an “outperform” rating to a “market perform” rating in a research report on Tuesday, August 20th. 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. Finally, Morgan Stanley downgraded shares of Woodside Energy Group from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, August 27th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold”.

About Woodside Energy Group

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.