Short Interest in Woodside Energy Group Ltd (NYSE:WDS) Declines By 27.5%

Woodside Energy Group Ltd (NYSE:WDS) saw a significant decrease in short interest in the month of March. As of March 31st, there was short interest totalling 1,450,000 shares, a decrease of 27.5% from the March 15th total of 2,000,000 shares. Based on an average trading volume of 930,300 shares, the short-interest ratio is presently 1.6 days.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Raymond James & Associates lifted its stake in Woodside Energy Group by 15.5% during the third quarter. Raymond James & Associates now owns 492,367 shares of the company’s stock worth $11,467,000 after purchasing an additional 66,165 shares in the last quarter. UBS Group AG lifted its stake in Woodside Energy Group by 324.4% during the third quarter. UBS Group AG now owns 143,178 shares of the company’s stock worth $3,335,000 after purchasing an additional 109,445 shares in the last quarter. Citigroup Inc. raised its stake in shares of Woodside Energy Group by 45.4% in the third quarter. Citigroup Inc. now owns 14,768 shares of the company’s stock valued at $344,000 after acquiring an additional 4,610 shares in the last quarter. FMR LLC raised its stake in shares of Woodside Energy Group by 10.3% in the third quarter. FMR LLC now owns 1,118,056 shares of the company’s stock valued at $26,040,000 after acquiring an additional 104,176 shares in the last quarter. Finally, Qube Research & Technologies Ltd raised its stake in shares of Woodside Energy Group by 786.3% in the third quarter. Qube Research & Technologies Ltd now owns 214,886 shares of the company’s stock valued at $5,005,000 after acquiring an additional 190,642 shares in the last quarter. 3.17% of the stock is currently owned by hedge funds and other institutional investors.

Woodside Energy Group Trading Down 2.5 %

Woodside Energy Group stock traded down $0.49 during mid-day trading on Friday, hitting $19.35. The company’s stock had a trading volume of 555,993 shares, compared to its average volume of 802,479. The firm has a market capitalization of $19.04 billion, a PE ratio of 14.88 and a beta of 1.07. Woodside Energy Group has a 1 year low of $19.02 and a 1 year high of $25.84. The company has a current ratio of 1.03, a quick ratio of 0.90 and a debt-to-equity ratio of 0.14. The stock’s fifty day moving average is $19.91 and its two-hundred day moving average is $20.76.

Woodside Energy Group Cuts Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Thursday, April 4th. Investors of record on Friday, March 8th were given a $0.60 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a yield of 7%. Woodside Energy Group’s payout ratio is 89.23%.

Woodside Energy Group Company Profile

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.