Diversified Energy Company PLC (DEC) To Go Ex-Dividend on May 29th

Diversified Energy Company PLC (NYSE:DEC) announced a quarterly dividend on Thursday, February 26th. Investors of record on Friday, May 29th will be given a dividend of 0.29 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 8.4%. The ex-dividend date is Friday, May 29th.

Diversified Energy Stock Up 4.1%

NYSE DEC opened at $13.76 on Friday. Diversified Energy has a 1-year low of $10.08 and a 1-year high of $16.85. The stock’s 50 day moving average is $13.45 and its two-hundred day moving average is $14.12.

Diversified Energy (NYSE:DEC) last announced its quarterly earnings results on Friday, February 6th. The company reported $2.28 EPS for the quarter. Research analysts predict that Diversified Energy will post 0.18 earnings per share for the current fiscal year.

Insider Buying and Selling at Diversified Energy

In related news, Director Randall S. Wade sold 2,100,000 shares of the stock in a transaction that occurred on Friday, January 9th. The shares were sold at an average price of $13.28, for a total value of $27,888,000.00. Following the transaction, the director directly owned 7,501,585 shares in the company, valued at $99,621,048.80. This represents a 21.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Hedge Funds Weigh In On Diversified Energy

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. CWM LLC lifted its holdings in shares of Diversified Energy by 273.1% in the second quarter. CWM LLC now owns 1,787 shares of the company’s stock valued at $26,000 after purchasing an additional 1,308 shares in the last quarter. Quarry LP grew its stake in shares of Diversified Energy by 1,595.2% during the 3rd quarter. Quarry LP now owns 2,119 shares of the company’s stock worth $30,000 after acquiring an additional 1,994 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Diversified Energy in the fourth quarter valued at approximately $32,000. Ensign Peak Advisors Inc acquired a new stake in shares of Diversified Energy in the fourth quarter valued at approximately $35,000. Finally, State of Alaska Department of Revenue acquired a new position in Diversified Energy during the third quarter worth $47,000. 26.51% of the stock is owned by institutional investors.

About Diversified Energy

Diversified Energy Company PLC (NYSE: DEC) is an independent oil and natural gas producer focused on the acquisition and optimization of legacy onshore assets in the United States. The company’s portfolio spans thousands of producing wells and extensive leasehold positions across core regions such as Appalachia, the Permian Basin and the Mid-Continent. By targeting mature properties, Diversified Energy seeks to enhance long-term recovery through operational efficiencies and capital discipline.

The company’s business model centers on fee-based infrastructure and midstream services that provide stable and predictable cash flows.