JPMorgan Chase & Co. Raises Stake in Woodside Energy Group Ltd $WDS

JPMorgan Chase & Co. increased its stake in Woodside Energy Group Ltd (NYSE:WDS) by 63.5% during the third quarter, according to its most recent filing with the SEC. The fund owned 109,312 shares of the company’s stock after buying an additional 42,472 shares during the quarter. JPMorgan Chase & Co.’s holdings in Woodside Energy Group were worth $1,645,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Jane Street Group LLC boosted its holdings in shares of Woodside Energy Group by 33.4% in the 2nd quarter. Jane Street Group LLC now owns 511,605 shares of the company’s stock worth $7,894,000 after buying an additional 128,226 shares during the last quarter. ABC Arbitrage SA boosted its holdings in shares of Woodside Energy Group by 6.7% in the 3rd quarter. ABC Arbitrage SA now owns 315,639 shares of the company’s stock worth $4,750,000 after buying an additional 19,716 shares during the last quarter. Creative Planning boosted its holdings in shares of Woodside Energy Group by 33.3% in the 3rd quarter. Creative Planning now owns 248,636 shares of the company’s stock worth $3,742,000 after buying an additional 62,088 shares during the last quarter. Fisher Asset Management LLC boosted its holdings in shares of Woodside Energy Group by 4.7% in the 3rd quarter. Fisher Asset Management LLC now owns 148,410 shares of the company’s stock worth $2,234,000 after buying an additional 6,708 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC boosted its holdings in shares of Woodside Energy Group by 14.1% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 133,462 shares of the company’s stock worth $2,009,000 after buying an additional 16,471 shares during the last quarter. 3.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently weighed in on WDS. 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 research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy”.

Woodside Energy Group Trading Down 4.5%

WDS opened at $23.58 on Thursday. The company has a current ratio of 1.59, a quick ratio of 1.46 and a debt-to-equity ratio of 0.28. The firm has a 50-day moving average price of $21.18 and a 200-day moving average price of $17.75. Woodside Energy Group Ltd has a twelve month low of $11.34 and a twelve month high of $25.19.

Woodside Energy Group Announces Dividend

The firm also recently announced a dividend, which was paid on Friday, March 27th. Stockholders of record on Friday, March 6th were paid a $0.59 dividend. The ex-dividend date was Friday, March 6th. This represents a dividend yield of 594.0%.

Insider Buying and Selling at Woodside Energy Group

In other news, insider Mark Anthony Abbotsford sold 7,500 shares of Woodside Energy Group 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 transaction, the insider owned 24,467 shares in the company, valued at $588,676.02. This trade represents a 23.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.04% of the stock is owned by insiders.

Woodside Energy Group Profile

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.