Nichols & Pratt Advisers LLP MA Sells 23,187 Shares of Woodside Energy Group Ltd (NYSE:WDS)

Nichols & Pratt Advisers LLP MA lessened its stake in shares of Woodside Energy Group Ltd (NYSE:WDS) by 15.4% in the 4th quarter, Holdings Channel reports. The firm owned 127,579 shares of the company’s stock after selling 23,187 shares during the period. Nichols & Pratt Advisers LLP MA’s holdings in Woodside Energy Group were worth $1,990,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Allspring Global Investments Holdings LLC raised its position in shares of Woodside Energy Group by 71.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 10,135 shares of the company’s stock valued at $175,000 after buying an additional 4,237 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in shares of Woodside Energy Group during the 3rd quarter valued at about $282,000. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Woodside Energy Group during the 3rd quarter valued at about $183,000. Nisa Investment Advisors LLC raised its position in shares of Woodside Energy Group by 81.8% during the 3rd quarter. Nisa Investment Advisors LLC now owns 2,000 shares of the company’s stock valued at $36,000 after buying an additional 900 shares in the last quarter. Finally, XY Capital Ltd raised its position in shares of Woodside Energy Group by 554.0% during the 3rd quarter. XY Capital Ltd now owns 334,833 shares of the company’s stock valued at $5,773,000 after buying an additional 283,633 shares in the last quarter. Institutional investors own 3.17% of the company’s stock.

Woodside Energy Group Stock Performance

Woodside Energy Group stock opened at $15.36 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.24 and a quick ratio of 1.09. The firm has a market capitalization of $29.16 billion, a P/E ratio of 18.73 and a beta of 1.09. The company’s 50-day moving average is $15.50 and its 200 day moving average is $16.15. Woodside Energy Group Ltd has a 1-year low of $14.34 and a 1-year high of $20.30.

Woodside Energy Group Cuts Dividend

The business also recently announced a semi-annual dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Friday, March 7th will be paid a $0.51 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a yield of 7.6%. Woodside Energy Group’s dividend payout ratio is currently 163.41%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on WDS. Bank of America upgraded shares of Woodside Energy Group from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 29th. Citigroup upgraded shares of Woodside Energy Group from a “sell” rating to a “neutral” rating in a research report on Tuesday. Four research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Woodside Energy Group has an average rating of “Moderate Buy”.

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.