Woodside Energy Group Ltd (NYSE:WDS) Short Interest Update
by Teresa Graham · The Cerbat GemWoodside Energy Group Ltd (NYSE:WDS – Get Free Report) saw a large decrease in short interest during the month of March. As of March 31st, there was short interest totaling 2,808,084 shares, a decrease of 27.6% from the March 15th total of 3,880,254 shares. Based on an average trading volume of 1,915,066 shares, the days-to-cover ratio is currently 1.5 days. Currently, 0.1% of the shares of the stock are short sold.
Insiders Place Their Bets
In other Woodside Energy Group news, insider Mark Anthony Abbotsford sold 7,500 shares of the company’s stock in a transaction dated Monday, March 23rd. The shares were sold at an average price of $24.06, for a total value of $180,450.00. Following the completion of the sale, the insider directly owned 24,467 shares of the company’s stock, valued at approximately $588,676.02. This represents a 23.46% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.04% of the company’s stock.
Institutional Trading of Woodside Energy Group
A number of hedge funds have recently bought and sold shares of the company. Morgan Stanley lifted its stake in Woodside Energy Group by 32.3% during the fourth quarter. Morgan Stanley now owns 4,539,156 shares of the company’s stock valued at $70,765,000 after buying an additional 1,108,540 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in Woodside Energy Group by 4.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 3,416,708 shares of the company’s stock valued at $53,266,000 after buying an additional 148,588 shares in the last quarter. UBS Group AG lifted its stake in Woodside Energy Group by 381.1% during the fourth quarter. UBS Group AG now owns 1,222,912 shares of the company’s stock valued at $19,065,000 after buying an additional 968,707 shares in the last quarter. First Trust Advisors LP lifted its stake in Woodside Energy Group by 43.7% during the fourth quarter. First Trust Advisors LP now owns 889,577 shares of the company’s stock valued at $13,869,000 after buying an additional 270,674 shares in the last quarter. Finally, Millennium Management LLC increased its holdings in shares of Woodside Energy Group by 3,532.4% in the 4th quarter. Millennium Management LLC now owns 735,455 shares of the company’s stock valued at $11,466,000 after purchasing an additional 715,208 shares during the period. 3.17% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of equities research analysts have weighed in on the stock. Wall Street Zen raised shares of Woodside Energy Group from a “sell” rating to a “hold” rating in a report on Monday, January 19th. Weiss Ratings reissued a “hold (c-)” rating on shares of Woodside Energy Group in a report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy”.
Read Our Latest Stock Analysis on Woodside Energy Group
Woodside Energy Group Stock Performance
WDS stock traded down $0.06 during mid-day trading on Wednesday, reaching $23.57. 650,441 shares of the stock traded hands, compared to its average volume of 1,594,531. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.59 and a quick ratio of 1.46. Woodside Energy Group has a 52-week low of $12.35 and a 52-week high of $25.19. The stock’s fifty day moving average is $21.78 and its 200-day moving average is $18.04.
Woodside Energy Group Announces Dividend
The company also recently disclosed a dividend, which was paid on Friday, March 27th. Shareholders of record on Friday, March 6th were paid a dividend of $0.59 per share. The ex-dividend date of this dividend was Friday, March 6th. This represents a yield of 594.0%.
About Woodside Energy Group
Woodside Energy Group (NYSE: WDS) is an Australia-based energy company focused on the exploration, development, production and marketing of oil and natural gas, with a strong emphasis on liquefied natural gas (LNG). The company’s activities span the upstream value chain, including exploration and appraisal of hydrocarbon resources, development and operation of production facilities, and the sale and delivery of hydrocarbons to global customers.
Woodside’s operations center on conventional oil and gas projects and large-scale LNG processing and export, supported by project management, engineering and commercial trading capabilities.