On September 13, 2023, it was reported that Trivant Custom Portfolio Group LLC had acquired a new position in Woodside Energy Group Ltd (NYSE:WDS) during the first quarter of the year. This acquisition was detailed in the company’s latest 13F filing with the Securities and Exchange Commission (SEC), revealing that Trivant Custom Portfolio Group LLC had purchased 13,306 shares of Woodside Energy Group Ltd, which were valued at approximately $298,000.
Woodside Energy Group Ltd is actively involved in various aspects of the hydrocarbon industry, including exploration, evaluation, development, production, marketing, and sale of hydrocarbons. The company operates in regions such as Oceania, Africa, the Americas, Asia, and the Caribbean. Its diverse portfolio includes liquefied natural gas (LNG), pipeline gas, condensate, natural gas liquids (NGLs), and crude oil.
One of Woodside Energy Group’s notable projects is its involvement in Pluto LNG – an endeavor aimed at producing liquefied natural gas from offshore reserves. The company also holds interests in other significant projects such as Northwest Shelf, Wheatstone and Julimar-Brunello, Bass Strait, Pyrenees FPSO (Floating Production Storage and Offloading), Macedon, Scarborough, Sangomar, Trion, Calypso Browse Basin project; Wildling; Atlantis; Woodside Solar project; Sunrise and Troubadour; as well as Pluto Train 2 projects.
These ventures highlight Woodside Energy Group’s commitment to expanding its presence across various regions and diversifying its operations within the hydrocarbon sector. Furthermore, with its involvement in renewable energy projects like the Woodside Solar project alongside conventional energy developments like LNG production at Pluto Train 2 projects – ​​the company demonstrates a forward-thinking approach to harnessing both sustainable and traditional energy sources.
Woodside Energy Group’s acquisition by Trivant Custom Portfolio Group LLC signifies a potential belief in the company’s future prospects and its ability to generate returns for investors. As with any investment, it is crucial to conduct thorough research and analysis to assess the potential risks and rewards associated with investing in Woodside Energy Group Ltd or any other entity.
As September 13, 2023, data suggests a significant move made by Trivant Custom Portfolio Group LLC, the implications of this acquisition on Woodside Energy Group’s stock performance may become clearer over time. Investors and stakeholders alike will continue to monitor the developments surrounding Woodside Energy Group Ltd as it continues its operations and seeks new opportunities within the hydrocarbon sector.
[bs_slider_forecast ticker=”EOG”]
Investor Interest and Analyst Caution Surround Woodside Energy Group as Company Expands Exploration Activities
Woodside Energy Group Ltd, a leading hydrocarbon exploration and production company, has recently caught the attention of several hedge funds and institutional investors. This surge in interest has led to an increase in stakes for some investors, while others have reduced their positions in the company.
One notable addition to Woodside Energy Group’s shareholders is Morgan Stanley, who purchased a new stake worth approximately $84,580,000 in the fourth quarter. Cullen Capital Management LLC also saw a significant boost in its position, raising it by a staggering 10,196.8% during the first quarter. This move added 1,269,500 shares to their portfolio, now valued at $28,754,000.
Bank of America Corp DE and Dimensional Fund Advisors LP also joined the ranks of investors who acquired new stakes in Woodside Energy Group. The former bought a stake worth around $24,604,000 during the fourth quarter, while the latter invested approximately $23,445,000 in the same period. Additionally, CIBC Private Wealth Group LLC acquired shares valued at approximately $23,188,000.
This flurry of activity has resulted in hedge funds and other institutional investors owning around 3.17% of Woodside Energy Group’s stock. This level of investor interest underscores strong market confidence in the performance potential of the company.
However, amid these positive developments for Woodside Energy Group’s shareholder base lies a note of caution from analysts. Citigroup downgraded Woodside Energy Group from a “neutral” rating to a “sell” rating in a recent research report published on August 24th. Furthermore,
JPMorgan Chase & Co. also reduced its rating from “neutral” to “underweight” on August 2nd.
Woodside Energy Group Ltd focuses on hydrocarbon exploration and production across multiple continents – Oceania,
Africa, the Americas,
Asia,
and the Caribbean.
The company’s diverse portfolio includes the production of liquefied natural gas, pipeline gas, condensate, natural gas liquids, and crude oil. Woodside Energy Group holds interests in a range of projects such as Pluto LNG,
Northwest Shelf, Wheatstone and Julimar-Brunello, Bass Strait,
Pyrenees FPSO,
Macedon,
Scarborough,
Sangomar,
Trion,
Calypso,
Browse,
Wildling,
Atlantis,
Woodside Solar project, Sunrise and Troubadour, as well as Pluto Train 2 projects, and the Liard basin.
As of September 13, 2023, Woodside Energy Group Ltd’s shares (NYSE:WDS) opened at $24.37. The company has maintained a relatively stable price trend with a 50-day moving average of $24.56 and a 200-day moving average of $23.46. Over the past year, the stock has ranged between $19.11 and $26.93.
In addition to its recent investor activity and market performance, Woodside Energy Group has also announced a semi-annual dividend payment schedule. Shareholders who are recorded on Friday, September 1st will receive a dividend of $0.80 per share on Thursday, September 28th. This translates to an impressive yield of 13.5%.
In conclusion though hedge funds and institutional investors have portrayed mixed sentiments towards Woodside Energy Group in recent reports, the company’s ongoing exploration activities across various regions coupled with its stable stock performance marks an important period for this hydrocarbon industry leader.