Diversified Energy Company PLC $DEC Shares Purchased by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL boosted its holdings in Diversified Energy Company PLC (NYSE:DEC) by 30.5% in the 3rd quarter, HoldingsChannel reports. The fund owned 257,955 shares of the company’s stock after acquiring an additional 60,283 shares during the quarter. Tudor Investment Corp ET AL’s holdings in Diversified Energy were worth $3,614,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. 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 purchasing an additional 1,994 shares during the period. State of Alaska Department of Revenue acquired a new stake in shares of Diversified Energy in the third quarter valued at about $47,000. Tower Research Capital LLC TRC lifted its stake in shares of Diversified Energy by 261.3% in the second quarter. Tower Research Capital LLC TRC now owns 5,069 shares of the company’s stock valued at $74,000 after purchasing an additional 3,666 shares during the period. Guinness Asset Management LTD purchased a new stake in Diversified Energy during the third quarter worth about $106,000. Finally, Ameritas Investment Partners Inc. grew its position in Diversified Energy by 71.1% during the second quarter. Ameritas Investment Partners Inc. now owns 7,876 shares of the company’s stock worth $116,000 after buying an additional 3,272 shares during the period. 26.51% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Diversified Energy

In related news, Director Randall S. Wade sold 2,100,000 shares of the stock in a transaction dated Friday, January 9th. The stock was sold at an average price of $13.28, for a total value of $27,888,000.00. Following the completion of the transaction, the director owned 7,501,585 shares of the company’s stock, valued at approximately $99,621,048.80. This represents a 21.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Diversified Energy Stock Up 2.1%

DEC stock opened at $17.74 on Friday. The company has a 50 day moving average price of $13.92 and a two-hundred day moving average price of $14.03. The company has a debt-to-equity ratio of 2.73, a quick ratio of 0.60 and a current ratio of 0.60. The stock has a market capitalization of $1.35 billion, a P/E ratio of 12.07 and a beta of 0.46. Diversified Energy Company PLC has a one year low of $10.08 and a one year high of $17.87.

Diversified Energy (NYSE:DEC) last announced its quarterly earnings data on Friday, February 6th. The company reported $2.28 earnings per share for the quarter. As a group, sell-side analysts expect that Diversified Energy Company PLC will post 0.18 EPS for the current year.

Diversified Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, May 29th will be given a $0.29 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a $1.16 annualized dividend and a yield of 6.5%. Diversified Energy’s dividend payout ratio (DPR) is 78.91%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on DEC. Weiss Ratings upgraded shares of Diversified Energy from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, March 2nd. Wall Street Zen downgraded Diversified Energy from a “buy” rating to a “hold” rating in a research note on Saturday, February 14th. Citigroup lifted their price objective on Diversified Energy from $15.00 to $17.00 and gave the stock a “buy” rating in a report on Tuesday, March 17th. Johnson Rice raised Diversified Energy from an “accumulate” rating to a “buy” rating and upped their target price for the company from $19.00 to $23.00 in a report on Friday, December 5th. Finally, Zacks Research upgraded Diversified Energy from a “strong sell” rating to a “hold” rating in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Diversified Energy currently has an average rating of “Moderate Buy” and a consensus target price of $21.20.

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.