Woodside Energy Group (NYSE:WDS) Hits New 12-Month High – Time to Buy?

Woodside Energy Group Ltd (NYSE:WDS)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $22.48 and last traded at $22.3550, with a volume of 268053 shares traded. The stock had previously closed at $22.22.

Analysts Set New Price Targets

Several research analysts have recently commented on WDS shares. Weiss Ratings reissued a “hold (c-)” rating on shares of Woodside Energy Group in a research note on Monday, December 29th. Wall Street Zen upgraded shares of Woodside Energy Group from a “sell” rating to a “hold” rating in a report on Monday, January 19th. One research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Woodside Energy Group Trading Up 0.2%

The stock has a 50 day moving average of $18.14 and a two-hundred day moving average of $16.76. The company has a quick ratio of 1.46, a current ratio of 1.59 and a debt-to-equity ratio of 0.28.

Woodside Energy Group Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Friday, March 27th. Stockholders of record on Friday, March 6th will be issued a dividend of $0.59 per share. This represents a dividend yield of 594.0%. The ex-dividend date is Friday, March 6th.

Hedge Funds Weigh In On Woodside Energy Group

Large investors have recently bought and sold shares of the stock. SG Trading Solutions LLC purchased a new stake in shares of Woodside Energy Group during the 4th quarter valued at $329,000. Virtu Financial LLC acquired a new stake in Woodside Energy Group in the fourth quarter worth $188,000. Mercer Global Advisors Inc. ADV lifted its holdings in Woodside Energy Group by 7.7% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 11,173 shares of the company’s stock worth $174,000 after purchasing an additional 798 shares during the period. XTX Topco Ltd acquired a new position in shares of Woodside Energy Group during the 4th quarter valued at $2,450,000. Finally, Voloridge Investment Management LLC raised its stake in shares of Woodside Energy Group by 9.1% in the 4th quarter. Voloridge Investment Management LLC now owns 451,787 shares of the company’s stock worth $7,043,000 after buying an additional 37,501 shares in the last quarter. Hedge funds and other institutional investors own 3.17% of the company’s stock.

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.