Tudor Investment Corp ET AL Increases Stake in Diversified Energy Company PLC $DEC

Tudor Investment Corp ET AL raised its holdings in Diversified Energy Company PLC (NYSE:DEC) by 30.5% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 257,955 shares of the company’s stock after buying an additional 60,283 shares during the period. Tudor Investment Corp ET AL’s holdings in Diversified Energy were worth $3,614,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Cooper Creek Partners Management LLC purchased a new position in Diversified Energy in the second quarter valued at $9,084,000. Tejara Capital Ltd raised its position in Diversified Energy by 1,903.1% in the 2nd quarter. Tejara Capital Ltd now owns 1,905,333 shares of the company’s stock valued at $27,951,000 after purchasing an additional 1,810,214 shares in the last quarter. Fortress Investment Group LLC purchased a new position in shares of Diversified Energy in the 3rd quarter valued at about $4,977,000. Legal & General Group Plc boosted its stake in shares of Diversified Energy by 4.6% in the 2nd quarter. Legal & General Group Plc now owns 897,365 shares of the company’s stock valued at $13,329,000 after buying an additional 39,334 shares during the period. Finally, Geode Capital Management LLC increased its position in shares of Diversified Energy by 18.2% in the 2nd quarter. Geode Capital Management LLC now owns 678,409 shares of the company’s stock valued at $9,952,000 after purchasing an additional 104,294 shares during the last quarter. Institutional investors and hedge funds own 26.51% of the company’s stock.

Diversified Energy Price Performance

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

Diversified Energy (NYSE:DEC) last released its quarterly earnings results on Friday, February 6th. The company reported $2.28 EPS for the quarter. On average, research analysts forecast that Diversified Energy Company PLC will post 0.18 earnings per share for the current year.

Diversified Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, May 29th will be issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 6.5%. The ex-dividend date of this dividend is Friday, May 29th. Diversified Energy’s dividend payout ratio is currently 78.91%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on DEC. Citigroup lifted their price objective on shares of Diversified Energy from $15.00 to $17.00 and gave the stock a “buy” rating in a research report on Tuesday, March 17th. Truist Financial began coverage on Diversified Energy in a report on Tuesday. They set a “buy” rating and a $22.00 price target for the company. Mizuho upped their price objective on Diversified Energy from $26.00 to $27.00 and gave the stock an “outperform” rating in a research report on Friday, December 12th. Wall Street Zen cut shares of Diversified Energy from a “buy” rating to a “hold” rating in a report on Saturday, February 14th. Finally, Weiss Ratings upgraded shares of Diversified Energy from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, March 2nd. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $21.20.

Insider Buying and Selling

In other Diversified Energy news, Director Randall S. Wade sold 2,100,000 shares of Diversified Energy stock in a transaction that occurred on 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 sale, the director owned 7,501,585 shares of the company’s stock, valued at approximately $99,621,048.80. The trade was a 21.87% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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.