Diversified Energy Company PLC $DEC Stock Position Raised by Walleye Capital LLC

Walleye Capital LLC grew its position in shares of Diversified Energy Company PLC (NYSE:DEC) by 275.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 230,694 shares of the company’s stock after buying an additional 169,198 shares during the quarter. Walleye Capital LLC’s holdings in Diversified Energy were worth $4,023,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Quarry LP increased its holdings in Diversified Energy by 1,595.2% in the third quarter. Quarry LP now owns 2,119 shares of the company’s stock worth $30,000 after buying an additional 1,994 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new position in Diversified Energy during the fourth quarter valued at approximately $32,000. Ensign Peak Advisors Inc acquired a new stake in Diversified Energy in the fourth quarter valued at approximately $35,000. Tower Research Capital LLC TRC lifted its stake in 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 acquiring an additional 3,666 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new stake in Diversified Energy in the fourth quarter valued at approximately $111,000. Institutional investors own 26.51% of the company’s stock.

Diversified Energy Stock Up 0.6%

Shares of Diversified Energy stock opened at $13.38 on Thursday. The stock has a market capitalization of $968.00 million, a P/E ratio of 3.80 and a beta of -0.40. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 3.57. The stock has a 50 day moving average price of $14.06 and a two-hundred day moving average price of $14.46. Diversified Energy Company PLC has a 12-month low of $12.33 and a 12-month high of $18.90.

Diversified Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Friday, August 28th will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 8.7%. The ex-dividend date is Friday, August 28th. Diversified Energy’s payout ratio is presently 32.95%.

Analyst Ratings Changes

Several brokerages have recently commented on DEC. Citigroup dropped their price target on shares of Diversified Energy from $19.00 to $16.00 and set a “buy” rating on the stock in a research note on Tuesday. Zacks Research lowered shares of Diversified Energy from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 7th. Truist Financial decreased their price objective on shares of Diversified Energy from $20.00 to $17.00 and set a “buy” rating for the company in a report on Wednesday. Weiss Ratings downgraded shares of Diversified Energy from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, May 7th. Finally, Stephens began coverage on Diversified Energy in a report on Wednesday, April 15th. They set an “overweight” rating and a $24.00 target price on the stock. Seven research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Diversified Energy presently has an average rating of “Moderate Buy” and a consensus price target of $21.17.

Diversified Energy Profile

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.