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The S&P/ASX 200 Index (ASX: XJO) is out of form on Tuesday and on course to record a disappointing decline. In afternoon trade, the benchmark index is down 0.5% to 7,345.8 points.

Four ASX shares that are not letting that hold them back today are listed below. Here’s why they are rising:

Core Lithium Ltd (ASX: CXO)

The Core Lithium share price is up 7.5% to 99.5 cents. Investors have been buying this lithium miner’s shares after it announced a “fantastic outcome for shareholders.” That outcome was a significant jump in its Finniss Lithium Operation’s mineral resource estimate. It has lifted to 30.6 million tonnes at 1.31% lithium oxide, which is a 62% improvement.

Neuren Pharmaceuticals Ltd (ASX: NEU)

The Neuren Pharmaceuticals share price is up 5.5% to $14.21. This morning, this pharmaceutical company announced that its North America partner Acadia Pharmaceuticals (NASDAQ: ACAD) has officially launched its Daybue product for the treatment of Rett syndrome. This has triggered a US$40 million milestone payment to Neuren.

Norwest Energy NL (ASX: NWE)

The Norwest Energy share price is up 4% to 6.35 cents. This morning, this energy company recommended that its shareholders accept the takeover offer from Mineral Resources Ltd (ASX: MIN). That offer is for one Mineral Resource share for every 1,300 Norwest shares they own.

Pilbara Minerals Ltd (ASX: PLS)

The Pilbara Minerals share price is up 4% to $3.95. This appears to have been driven by the release of a broker note out of UBS this morning. According to the note, the broker has upgraded this lithium miner’s shares to a buy rating with a $4.60 price target. Although the broker has reduced its near term lithium forecasts, it has boosted its long term assumptions. Following this action the broker sees value in its shares.

The post Why Core Lithium, Neuren, Norwest, and Pilbara Minerals shares are pushing higher appeared first on The Motley Fool Australia.

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More reading

• Core Lithium share price leaps 5% on ‘fantastic outcome for shareholders’
• Morgans says the Pilbara Minerals share price can rise 40%
• A ‘new entry point’ just opened for 2 ASX 200 shares with strong outlooks
• Here are the 3 most heavily traded ASX 200 shares on Monday
• If I’d invested $1,000 in Liontown shares at the start of 2023, here’s what I’d have now

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to record a decline. At the time of writing, the benchmark index is down 0.45% to 7,348.7 points.

Four ASX shares that are falling more than most today are listed below. Here’s why they are dropping:

Ramelius Resources Ltd (ASX: RMS)

The Ramelius share price is down 3.5% to $1.41. Investors have been selling gold miners on Tuesday after the price of the precious metal pulled back overnight. This was driven by traders reassessing their rate hike expectations.

Sayona Mining Ltd (ASX: SYA)

The Sayona Mining share price is down 3.5% to 20.7 cents. This appears to have been driven by profit taking from some investors after a particularly strong gain on Monday. Investors were scrambling to buy this lithium miner’s shares yesterday after it released a mineral resource update for its Canadian operations.

St Barbara Ltd (ASX: SBM)

The St Barbara share price has continued its slide and is down a further 10% to 55 cents. Investors have been selling this gold miner’s shares after it agreed to sell its Leonora assets to Genesis Minerals Ltd (ASX: GMD). Genesis believes the acquisition of St Barbara’s Leonora assets will position it as a gold industry leader with a dominant position in Western Australia’s world-class Leonora District.

Woodside Energy Group Ltd (ASX: WDS)

The Woodside share price is down over 2% to $33.98. This follows a pullback in oil prices overnight. Traders were selling down oil amid concerns that more interest rate hikes could be coming in the United States. This could have a negative impact on economic growth and ultimately demand for oil. There are also concerns that proposed tax changes in Australia could hit Woodside.

The post Why Ramelius, Sayona Mining, St Barbara, and Woodside shares are dropping today appeared first on The Motley Fool Australia.

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More reading

• Macquarie says changes to this tax could be a red flag for Woodside shares
• Here are the top 10 ASX 200 shares today
• Why AMA, New Hope, Regis Resources, and St Barbara shares are dropping
• Why EML, Lake Resources, Lindsay, and Sayona Mining shares are racing higher
• Here are the 3 most heavily traded ASX 200 shares on Monday

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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Australian investors have lots of choices about where to invest their money. The S&P/ASX 200 Index (ASX: XJO) and the S&P 500 Index (INDEXSP: .INX) offer plenty of potential.

Investors have probably heard of plenty of ASX’s blue chips including Commonwealth Bank of Australia (ASX: CBA), BHP Group Ltd (ASX: BHP) and ANZ Group Holdings Ltd (ASX: ANZ).

Aussies can decide to invest in ASX 200 shares individually or own an exchange-traded fund (ETF) such as the iShares Core S&P/ASX 200 ETF (ASX: IOZ).

Why I like ASX 200 shares

I’m not sure how much capital growth CBA, BHP and ANZ are going to be able to achieve over the next five years.

However, I do believe that there are numerous opportunities within the ASX 200 that can deliver good growth over time.

We’ve already seen major success stories with names like Xero Limited (ASX: XRO), REA Group Limited (ASX: REA), ARB Corporation Ltd (ASX: ARB) and Breville Group Ltd (ASX: BRG). Xero is one I’m confident about for future growth.

I own ASX 200 shares such as Washington H. Soul Pattinson and Co. Ltd (ASX: SOL), Brickworks Limited (ASX: BKW) and Fortescue Metals Group Ltd (ASX: FMG) for diversified growth.

One of the best reasons to own ASX (200) shares, in my opinion, is that many of them can pay fully franked dividends to investors. Not only do investors get the benefit of the cash of the dividend, but the franking credits can reduce the tax owing for investors, or even create a tax refund for low-taxed Australian residents when it comes to lodging the tax return.

The franking credits can improve the after-tax returns for Aussies.

Over the long-term, the ASX 200 in total has delivered an average return per annum of between 9% to 10%, though the future is unpredictable.

I think the ASX 200 is a great hunting ground for wealth-building opportunities.

However, the ASX only represents a small part of the global share market. I think considering global shares is important for a diversification strategy.

Why the S&P 500 could be good too

The iShares S&P 500 ETF (ASX: IVV) is an ETF that enables investors to grab a piece of the S&P 500, a group of 500 of the largest and most profitable US-listed businesses.

I think that companies like Apple, Microsoft, Amazon.com, Alphabet and Nvidia have demonstrated strong returns over the past decade. It’s the businesses that achieve the most revenue and profit growth over the long term that could deliver the strongest share price growth.

The S&P 500 is not known for its dividend income potential, and it’s tech-heavy (which can be seen as a good thing or a bad thing).

But, for Aussies, I believe it’s a good idea to get diversification through owning both ASX 200 shares and international shares, such as the iShares S&P 500 ETF.

Over the long term, it’s possible that US shares could do very well because of their tendency to re-invest a lot of the profits for more growth.

The post Should I invest in the ASX 200 or the S&P 500? appeared first on The Motley Fool Australia.

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More reading

• Up 80% in a month, Liontown share price smashes all-time high on Tuesday
• 2 ASX 200 shares just upgraded by brokers
• 5 things to watch on the ASX 200 on Tuesday
• Here are the top 10 ASX 200 shares today
• Here are the 3 most heavily traded ASX 200 shares on Monday

Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool’s board of directors. John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Motley Fool contributor Tristan Harrison has positions in Brickworks, Fortescue Metals Group, and Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended ARB Corporation, Alphabet, Amazon.com, Apple, Brickworks, Microsoft, Washington H. Soul Pattinson and Company Limited, and Xero. The Motley Fool Australia has positions in and has recommended Brickworks, Washington H. Soul Pattinson and Company Limited, and Xero. The Motley Fool Australia has recommended ARB Corporation, Alphabet, Amazon.com, Apple, REA Group, and iShares S&p 500 ETF. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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It’s been a pretty depressing day for ASX shares and the All Ordinaries Index (ASX: XAO) so far this Tuesday. At the time of writing, the All Ords has slipped by 0.4%, dragging the Index back below 7,550 points.

But not all All Ords shares are joining the pity party today. In fact, some are going gangbusters. So let’s talk about three that are giving their investors some joy right now.

3 All Ords shares bucking the market with big gains today

Solvar Ltd (ASX: SVR)

All Ords financial services company and loans provider Solvar is first up today. This All Ords share is shooting the moon this session, currently up a whopping 13.3% at $2.04 a share. Earlier today, Solvar shares were even higher, reaching a top of $2.10, which put the company up a massive 16.67% at the time.

It appears investors are flooding into this company following an announcement from Solvar this morning. It revealed that Solvar is raising its maximum dividend payout ratio from 70% to 90% of net profit after tax (NPAT). Right now, Solvar has a trailing dividend yield of more than 7%, so it’s not surprising to see investors reacting positively to this news.

Telix Pharmaceuticals Ltd (ASX: TLX)

Next, let’s have a look at All Ords healthcare share Telix Pharmaceuticals. Telix shares are also having a cracking day, currently up by a pleasing 11.98% at $8.835 apiece. Earlier in the session, Telix shares hit $8.91 each, a boost of 12.93%.

The catalyst for these moves seems to be a series of ASX announcements Telix made this morning, including a quarterly cash flow report.

This report revealed that Telix turned over $100.1 million in revenue over the three months to 31 March 2023, the first time it has reported more than $100 million in revenue for a quarter.

Telix’s Illuccix product was a particular highlight, with US sales of $97.5 million booked for the quarter, up from $76.8 million in the previous quarter. So perhaps it’s no wonder this has put investors in a good mood.

Weebit Nano Ltd (ASX: WBT)

Finally today, let’s discuss All Ords tech share Weebit Nano. Despite a rough month for the company, Weebit shares have risen by a solid 5.61% at the time of writing up to $5.27 a share. That’s down from an intraday high of $5.48, a significant 9.81% jump at the time.

Uniquely on this list, Weebit shares have had no ASX announcements or official developments of any kind out today. Or indeed so far in April. But Weebit is a company where moves like this are not exactly uncommon.

But even so, Weebit remains more than 40% down from its March all-time high of $9.03 a share. So perhaps investors have had a sudden change of heart and decided that the shares are looking cheap right now. Or maybe a major investor has bought a large parcel of shares. Whatever the reason, it’s certainly a noteworthy move.

The post 3 ASX All Ords shares going gangbusters on Tuesday appeared first on The Motley Fool Australia.

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More reading

• Here are the top 10 ASX 200 shares today
• 4 ASX All Ords shares trading ex-dividend next week
• Here are the top 10 ASX 200 shares today
• The ASX sector set to boom no matter what happens this year
• 4 ASX All Ords shares smashing the market on big news

Motley Fool contributor Sebastian Bowen has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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This ASX rare earths stock is exploding on the market today amid new drilling results.

Larvotto Resources Ltd (ASX: LRV) shares soared 107% from 13.5 to 28 cents today before slightly retreating. The company’s share price is still up 85% at the time of writing. Another rare earths miner, OD6 Metals Ltd (ASX: OD6), is also rising nearly 34% today on the back of a discovery.

For perspective, the S&P/ASX 200 Materials Index (ASX: XMJ) is climbing 0.34% today.

What’s going on?

Larvotto Resources is exploring the Eyre Project located 40km east of Norseman in Western Australia.

Today, the company advised of “bonanza rare earth drill results” at the Merivale South prospect within the project.

The company discovered total rare earth element oxide (TREO) values of up to 1.26% (12,611ppm) TREO including 3,787ppm magnetic REO.

Larvotto noted the results emphasise the potential of the 3km long high-grade TREO anomaly within a larger 8km envelope. Mineralisation is open in all directions.

The company believes the mineralisation is hosted within “ionic clays”, which is useful for extraction. Test work is being conducted to affirm this theory.

Larvotto is now planning to follow up on drilling given the “vast size of the geochemical soil anomaly”.

Commenting on the news, managing director Ron Heeks said:

Today’s results are exceptionally high-grade intervals for ionic clay mineralisation and come from
shallow depth.

The potential for significant amounts of TREO here is excellent, with Larvotto having identified two
further proximate geochemical anomalies for further testing.

Larvotto Resources share price snapshot

The Larvotto Resources share price has lost 7% in the last year. However, it has risen 56% in the year to date.

For perspective, the ASX 200 materials Index has shed 1.52% in the last year.

This ASX rare earths stock has a market capitalisation of about $16.8 million based on the current share price.

The post Why did this ASX rare earths stock just rocket 107%? appeared first on The Motley Fool Australia.

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More reading

• Why are 3 directors buying up this ASX lithium stock?
• An ETF of ETFs? Here’s how the Vanguard High Growth Index ETF (VDHG) works
• BHP clears final hurdle to acquire all OZ Minerals shares. What’s next for investors?
• Why has ASX 200 healthcare stock Imugene leapt 15% in a month?
• Macquarie says changes to this tax could be a red flag for Woodside shares

Motley Fool contributor Monica O’Shea has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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Most index exchange-traded funds (ETFs) on the ASX work in a similar way. The fund tracks a single index, perhaps the S&P/ASX 200 Index (ASX: XJO), and by doing so, holds every share that the index tracks in the correct proportion. But the Vanguard Diversified High Growth Index ETF (ASX: VDHG) is a little different.

This ETF from provider Vanguard doesn’t track a single index. Rather, it holds a collection of other Vanguard ETFs within it. As such, it effectively functions as an ‘ETF of ETFs’.

Vanguard runs a few of these unique funds. Each one represents a level of risk that an individual investor may be comfortable with. The Vanguard High Growth ETF is on the upper end of the scale, as its name implies.

It invests in seven other Vanguard index funds. These cover a range of assets, including Australian shares, international shares (hedged and unhedged), Australian bonds, international bonds, emerging markets, and international small companies. So in this way, this ETF functions as an ETF of ETFs.

An ETF of ETFs?

Being a high-growth iteration, the Vanguard High Growth ETF allocated most of its weighting to share assets. An investment in this fund will be weighted 35.75% towards Australian shares, with another 42% or so going towards international shares.

Small companies and emerging markets account for another 6.4% and 5% respectively, while exposure to bonds and fixed-interest investments make up the final 10% of this ETF’s allocation.

Some of the other composite ETFs in this family change these allocations to lower the risk of losing capital. For investors who wish to be a little more conservative, other products like the Vanguard Diversified Conservative Index ETF (ASX: VDCO) have a higher exposure to bonds at the expense of shares to this end.

So the idea with this ETF is to provide a ‘one-stop shop’ for any investor who wants a broadly diversified passive investment that requires little ongoing effort to maintain.

For this reason, it would be hard to find a single investment that provides more diversification than the Vanguard High Growth Index ETF. According to the provider, this ETF gives exposure to more than 16,000 individual investments from all corners of the globe.

What kind of returns has the Vanguard High Growth Index ETF delivered?

So what kind of returns has this ultra-diversified approach netted for investors?

Well, as of 31 March, this ETF has returned an average of 12.6% per annum over the past three years, and 7.96% per annum over the past five:

That includes dividend distribution returns. This ETF pays out quarterly dividend distributions and currently has a trailing yield of 3.73%.

This Vanguard High Growth Index ETF charges a management fee of 0.27% per annum, or $27 a year for every $10,000 invested.

The post An ETF of ETFs? Here’s how the Vanguard High Growth Index ETF (VDHG) works appeared first on The Motley Fool Australia.

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More reading

• Why has ASX 200 healthcare stock Imugene leapt 15% in a month?
• BHP clears final hurdle to acquire all OZ Minerals shares. What’s next for investors?
• Macquarie says changes to this tax could be a red flag for Woodside shares
• Guess which ASX 200 energy stock insiders have been buying up big in April
• Core Lithium share price leaps 5% on ‘fantastic outcome for shareholders’

Motley Fool contributor Sebastian Bowen has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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In exciting news for merger and acquisition fans, BHP Group Ltd (ASX: BHP)’s plan to takeover copper share OZ Minerals Ltd (ASX: OZL) cleared its final hurdle on Monday.

The scheme was granted the go-ahead by the Federal Court of Australia yesterday, just days after the takeover target’s shareholders gave the $9.6 billion acquisition the thumbs up.  

Today, it officially became effective. But what does that mean for shareholders? Let’s take a look.

BHP set to acquire all OZ Minerals shares

Today might be bittersweet for those invested in OZ Minerals as trading of its shares comes to a close ahead of BHP’s takeover.

The copper miner expects its shares will be suspended when the ASX closes on Tuesday, with the scheme to be implemented on 2 May.

BHP first put forward an all-cash $25 per share bid for OZ Minerals in August 2022.

That offer was later upped to $28.25 per share in cash, less a $1.75 per share dividend declared by the takeover target last week. The dividend – which includes 75 cents of franking credits – is expected to be paid on 2 May.

Shareholders were given their chance to vote on the takeover on Thursday. Of those who cast a vote, nearly 98% were in favour of the acquisition.

OZ Minerals produces copper at two South Australian mines – Prominent Hill and Carrapateena. Both are located nearby BHP’s Olympic Dam copper project.

The OZ Minerals share price is trading in the green on what is expected to be its last active session. The stock is swapping hands for $28.20 at the time of writing, 0.07% higher than its previous close.

Meanwhile, the BHP share price is up 0.47% at $46.83.

And the pair aren’t the only ASX miners to benefit from the takeover.

Bellevue Gold Ltd (ASX: BGL) could also gain some advantage. The gold mining company will take OZ Minerals’ place on the S&P/ASX 200 Index (ASX: XJO) before tomorrow’s open.

The post BHP clears final hurdle to acquire all OZ Minerals shares. What’s next for investors? appeared first on The Motley Fool Australia.

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More reading

• Hunting for passive income? Here’s why I’m eyeing BHP shares
• 3 ASX 200 shares trading ex-dividend this week
• No signs of OZ Minerals slowing down as BHP takeover looms
• Is the BHP dividend going to increase in the future?
• BHP share price lower despite OZ Minerals’ shareholders approving takeover

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The Imugene Ltd (ASX: IMU) share price has been racing ahead in the last month.

Shares in the ASX 200 healthcare stock have risen 14.6% since market close on 17 March and are currently fetching 13.75 cents a share. For perspective, the S&P/ASX 200 Health Care Index (ASX: XHJ) has climbed nearly 5% in this same time frame. Though Imugene shares are sliding 1.79% today.

Let’s take a look at what’s been impacting this ASX 200 healthcare stock lately.

Why has the Imugene share price been rising?

Imugene is a biotechnology company developing therapies that activate the immune system to target cancer tumours.

A notable highlight during the month was an update on its Vaxinia MAST (metastatic advanced solid tumours) trial.

Imugene shares soared nearly 8% on the day of the announcement and a further 7% the following day.

The first patients in cohort three have been dosed in the monotherapy intratumoral (IT) and intravenous (IV) arms of the trial.

The study, together with the City of Hope in the US, is investigating the safety of novel cancer-killing virus CF33-hNIS.

Commenting on this news, CEO and managing director Leslie Chong said:

Still being less than 12 months since the very first patients were dosed, we’re now well advanced on amassing the critical data we require to publish on the outcomes of this study, and we remain very positive on the potential benefit to patients.

Imugene said the trial remains on schedule and is expected to take 24 months overall, having commenced in May.

Meanwhile, in late March, Imugene updated the market with a presentation at the NWR healthcare conference.

Imugene noted its investment highlights including “five unique assets” – HER-Vaxx, CHECKvacc, CF33-CD19, Vaxinia, and PD1-Vaxx – targeting multiple potential platform targets.

The company also has three platform technologies, three scientific collaborations, and two supply agreements with Merck/KGaA/Pfizer and Roche.

Share price snapshot

Despite its recent gains, the Imugene share price remains 36% lower over the past 12 months. It has also dropped 8% in just the last week.

This ASX 200 healthcare stock has a market capitalisation of about $883 million based on the latest share price.

The post Why has ASX 200 healthcare stock Imugene leapt 15% in a month? appeared first on The Motley Fool Australia.

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More reading

• Here are the top 10 ASX 200 shares today
• Here are the top 10 ASX 200 shares today
• Here are the top 10 ASX 200 shares today
• Here are the top 10 ASX 200 shares today
• Here are the top 10 ASX 200 shares today

Motley Fool contributor Monica O’Shea has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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Woodside Energy Group Ltd (ASX: WDS) shares could take a hit if Macquarie’s analysis of the gas industry proves correct.

Macquarie’s assessment considers potential changes to the petroleum resource rent tax (PRRT).

As reported by various media, including The Guardian, federal treasurer Jim Chalmers is considering options to change the PRRT which could mean a $94.5 billion boost to the federal budget over a decade. Australia’s budget is currently in deficit.

What does this mean for ASX energy shares?

According to The Guardian, the PRRT allows concessions on expenses relating to exploring and developing gas fields. Under the current system, these can be carried forward and deducted as tax credits against future liabilities. But the Greens want the government to eliminate $284 billion of accumulated credits that enable gas companies to reduce their tax liability.

The suggestion is to remove all of these tax credits, which would mean gas companies start paying from 1 July, and for the government to apply a 10% royalty to all offshore projects subject to the tax.

Greens leader Adam Bant, as quoted by The Guardian, said:

It’s time to make big gas corporations pay their fair share of tax. Greedy gas corporations are taking Australia for a ride, making billions of dollars in profits and sending it offshore tax free. Australia’s gas tax is broken and many multinational corporations pay no gas tax at all. When a nurse pays more tax than a global gas giant, something is seriously wrong.

Analysis by Macquarie suggests that Woodside shares could be impacted because of the company’s Pluto, Julimar-Brunello, and Scarborough projects, according to reporting by The Australian.

The investment bank suggested government focus will be on maximising tax collection from offshore LNG projects, particularly in Western Australia and the Northern Territory.

According to The Australian, Macquarie wrote:

LNG projects now appear an easier target politically. Particularly given future investment in new offshore LNG projects now looks limited (beyond those already committed).

Post the major LNG investment cycle, PRRT is now largely being applied to longer cycle LNG projects in WA & NT which all had high up-front capex, but have not yet exhausted the uplifted cost bases.

How could this impact the Woodside share price?

Macquarie has estimated that the Woodside valuation could be the one under its coverage that’s most impacted, with a negative hit of between 2% to 5% if a higher weighting to netback pricing is applied on WA LNG PRRT. Santos Ltd (ASX: STO) shares could also be hit, but to a lesser degree.

At the time of writing, Woodside shares are down 2% today. The Woodside share price is down close to 9% since 7 March 2023.

The post Macquarie says changes to this tax could be a red flag for Woodside shares appeared first on The Motley Fool Australia.

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More reading

• 5 things to watch on the ASX 200 on Monday
• 5 things to watch on the ASX 200 on Friday
• Here’s how I’d aim for $50 a week in passive income from ASX 200 shares
• ASX 200 energy shares Santos and Woodside outperforming as oil hits new 2023 highs
• 5 things to watch on the ASX 200 on Thursday

Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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One of the hottest types of ASX 200 energy stock right now is ASX coal shares.

They had a ripper of a year in 2022, and although some coal share prices have pulled back in 2023, these companies are still dishing out sky-high dividends as a result of record commodity prices.

And recent ASX records reveal several directors of star ASX coal share New Hope Corporation Limited (ASX: NHC) think there’s more share price growth to come.

Why else would they be buying up big?

Let’s take a look at which company directors have bought New Hope shares in recent weeks.

Directors buying up big on this ASX 200 energy stock

New Hope chair Robert Millner and his son, Tom Millner, have bolstered their holdings again this month.

The pair both hold an interest in Hexham Holdings Pty Limited, which bought 100,000 New Hope shares on 6 April. The company paid an average price of $5.6529 per share.

The total consideration for the on-market buy was over half a million dollars.

Robert Millner now holds 5,643,215 New Hope shares indirectly and 279,559 shares directly.

Tom Millner now holds 5,553,215 New Hope shares indirectly and 21,153 shares directly.

The purchase follows another that the Millners executed in March worth $1.6 million.

As we reported, another New Hope non-executive director, Jacqueline McGill AO, also purchased a small parcel of the ASX 200 energy stock in March.

What’s the latest news with New Hope shares?

The last price-sensitive announcement from New Hope was an update on its buyback on 21 March.

New Hope announced the completion of a liability management exercise, which had put the buyback on hold.

New Hope said it was resuming the buyback, which “remains subject to prevailing share price and market conditions and will be executed at the Company’s discretion”.

The company said:

The Board and Management consider that the Company’s current share price does not accurately
reflect the underlying value of the Company’s assets and the Share Buy-Back represents an
opportunity to enhance the value of the remaining shares on issue, as well as providing an
opportunity to improve the liquidity of the stock.

So, you could say these directors are putting their own money where their mouth is.

They’re using their own personal funds, or funds they control, to invest further in this ASX 200 energy stock, which they see as undervalued at the current share price.

New Hope share price snapshot

The New Hope share price is trading up 0.1% today at $5.26 per share.

The ASX 200 energy stock started the day in the red, largely because it went ex-dividend today.

As my Fool colleague James reports, New Hope intends to pay an interim dividend of 30 cents per share. That’s a 76% increase year over year. It will also pay a special dividend of 10 cents per share.

The New Hope share price is up 51% over the past 12 months.

Morgans has an add rating on New Hope shares with a 12-month price target of $6.35.

The post Guess which ASX 200 energy stock insiders have been buying up big in April appeared first on The Motley Fool Australia.

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More reading

• Why AMA, New Hope, Regis Resources, and St Barbara shares are dropping
• 3 ASX 200 shares trading ex-dividend this week
• Why is the New Hope share price crashing 8% today?
• Here’s how I’d aim for $50 a week in passive income from ASX 200 shares
• 24% yield! Should I buy New Hope shares before they go ex-dividend?

Motley Fool contributor Bronwyn Allen has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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