3 ASX 200 shares hitting 52-week highs today

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

| More on:
Young businessman standing on the top of the mountain punching fist in the air.

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

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.

More on 52-Week Highs

Arrows pointing upwards with a man pointing his finger at one.
52-Week Highs

7 ASX All Ords shares smashing new 52-week highs on Tuesday

Do you own any of these stocks at new highs today?

Read more »

A person leans over to whisper a secret to a colleague during a meeting.
Share Market News

Here's when ANZ says the first interest rate cut will be

There's been speculation that Australia's first rate cut may be delayed if the United States delays its own.

Read more »

A woman in a business suit sits at her desk with gold bars in each hand while she kisses one bar with her eyes closed. Her desk has another three gold bars stacked in front of her. symbolising the rising Northern Star share price
Gold

Would I be crazy to buy Northern Star shares at almost $15?

Is it too late to generate golden returns from this high-flying stock?

Read more »

Two happy excited friends in euphoria mood after winning in a bet with a smartphone in hand.
52-Week Highs

13 ASX 200 shares at 52-week highs

These shares are making their shareholders smile on Thursday.

Read more »

Man raising both his arms in the air with a piggy bank on his lap, symbolising a record high.
52-Week Highs

These 5 ASX 200 shares just hit new 52-week highs

Do you own any of these five lucky stocks?

Read more »

ETF on white blocks with a rising arrow on top of coin piles.
52-Week Highs

12 ASX ETFs breaking the mould to hit 52-week highs today

What a day for ASX ETF investors!

Read more »

A happy boy with his dad dabs like a hero while his father checks his phone.
52-Week Highs

Why is the A2 Milk share price up 46% year to date and at a 52-week high?

This infant formula company's shares have delivered the goods this year.

Read more »

Man sitting in a plane looking through a window and working on a laptop.
Travel Shares

Why is the Webjet share price racing to a 52-week high today?

Webjet has been busy talking up its WebBeds business this morning.

Read more »