3 ASX 200 shares hitting 52-week highs today

Here’s what’s driving these ASX 200 stocks to long-forgotten heights today

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It’s a good day for the S&P/ASX 200 Index (ASX: XJO) and these heavyweights are making the most of it.

Right now, the ASX 200 is up 0.55%, boosting back towards a recovery from its disastrous January performance.

But not all of the index’s constituents have suffered in 2022. In fact, these three shares are trading at their highest price in at least 12 months.

These ASX 200 giants are hitting new 12-month highs

Woodside Petroleum Limited (ASX: WPL)

The Woodside Petroleum share price surged 4.9% earlier today to trade at its new 52-week high of $27.95.

Its gains come after the oil producer reported its after-tax profits increased 262% over the first half of financial year 2022 to reach around US$1.6 billion.

In turn, the company’s interim dividend was boosted 255% higher than that of the previous first half, coming to US$1.05.

Woodside’s profits soared alongside its realised oil price, which came in at US$60.30 last half.

Computershare Limited (ASX: CPU)

There’s no such clear reason behind Computershare’s gains today.

The ASX 200 technology company’s shares gained 1.55% earlier today to reach a new 52-week high of $23.49.

Right now, the Computershare share price is 15% higher than it was at the start of 2022 despite January’s ASX tech sell-off.

Vicinity Centres (ASX: VCX)

Finally, the Vicinity Centres share price also hit a new 52-week high of $1.93 today, gaining 3.4% in the process.

While there’s been no word from the retail-focused real estate investment trust (REIT) today, it did release its half-year results yesterday to the market’s delight.

Its net profit after tax (NPAT) for the period came to $650 million – more than $1 billion higher than that of the prior comparable period.

That’s despite Vicinity CEO and managing director Grant Kelley saying the period was “challenging” for the REIT as COVID-19‘s Omicron variant impacted its retail partners.

The ASX 200 REIT’s share price gained 11% after releasing its earnings on Wednesday.

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 Bruce Jackson.

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