Hourglass Capital LLC Has $3.74 Million Position in Woodside Energy Group Ltd (NYSE:WDS)

Hourglass Capital LLC grew its holdings in Woodside Energy Group Ltd (NYSE:WDS) by 6.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 198,559 shares of the company’s stock after purchasing an additional 11,326 shares during the quarter. Hourglass Capital LLC’s holdings in Woodside Energy Group were worth $3,735,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in WDS. Rothschild Investment LLC acquired a new stake in Woodside Energy Group in the 2nd quarter valued at approximately $29,000. Russell Investments Group Ltd. grew its stake in shares of Woodside Energy Group by 54.3% in the first quarter. Russell Investments Group Ltd. now owns 1,710 shares of the company’s stock worth $34,000 after acquiring an additional 602 shares during the last quarter. Whittier Trust Co. grew its stake in shares of Woodside Energy Group by 25.1% in the second quarter. Whittier Trust Co. now owns 3,063 shares of the company’s stock worth $58,000 after acquiring an additional 615 shares during the last quarter. Optiver Holding B.V. bought a new stake in Woodside Energy Group in the 4th quarter valued at $72,000. Finally, Lindbrook Capital LLC boosted its holdings in Woodside Energy Group by 18.1% in the 1st quarter. Lindbrook Capital LLC now owns 4,118 shares of the company’s stock valued at $82,000 after purchasing an additional 632 shares during the period. 3.17% of the stock is currently owned by institutional investors.

Woodside Energy Group Trading Down 6.0 %

Shares of WDS opened at $16.34 on Friday. Woodside Energy Group Ltd has a 12 month low of $16.13 and a 12 month high of $24.85. The company has a 50-day moving average price of $18.21 and a two-hundred day moving average price of $18.69. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.90 and a current ratio of 1.24.

Woodside Energy Group Increases Dividend

The business also recently declared a Semi-Annual dividend, which will be paid on Thursday, October 3rd. Investors of record on Friday, September 6th will be paid a $0.67 dividend. This is a positive change from Woodside Energy Group’s previous Semi-Annual dividend of $0.60. The ex-dividend date is Friday, September 6th. This represents a yield of 6.8%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on WDS. The Goldman Sachs Group lowered shares of Woodside Energy Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 8th. Macquarie upgraded Woodside Energy Group to a “strong-buy” rating in a research note on Sunday, June 23rd. Sanford C. Bernstein downgraded Woodside Energy Group from an “outperform” rating to a “market perform” rating in a research report on Tuesday, August 20th. Citigroup cut Woodside Energy Group from a “neutral” rating to a “sell” rating in a research report on Wednesday. Finally, Morgan Stanley cut Woodside Energy Group from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, August 27th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus 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.