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

Key Points

• Tudor Investment Corp ET AL boosted its stake in Diversified Energy (NYSE:DEC) by 30.5% in Q3 to 257,955 shares worth $3.61 million, and institutional investors now own about 26.51% of the company.
• Diversified Energy declared a quarterly dividend of $0.29 (annualized $1.16), implying a 6.9% yield with an ex-dividend date of May 29 and a payout ratio of roughly 78.9%.
• The stock carries a market capitalization of $1.21 billion and a P/E of 11.38, and Wall Street has a consensus rating of Moderate Buy with an average target price of $21.40.

Tudor Investment Corp ET AL boosted its holdings in Diversified Energy Company PLC (NYSE:DEC - Free Report) by 30.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 257,955 shares of the company's stock after purchasing 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 quarter.

A number of other hedge funds have also recently added to or reduced their stakes in DEC. Quarry LP boosted 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 purchasing an additional 1,994 shares during the period. State of Alaska Department of Revenue acquired a new position in Diversified Energy in the third quarter worth $47,000. Tower Research Capital LLC TRC boosted its holdings 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 worth $74,000 after purchasing an additional 3,666 shares during the period. Guinness Asset Management LTD acquired a new position in Diversified Energy in the third quarter worth $106,000. Finally, AQR Capital Management LLC acquired a new position in Diversified Energy in the first quarter worth $151,000. Institutional investors and hedge funds own 26.51% of the company's stock.

Diversified Energy Stock Performance

Shares of DEC opened at $16.73 on Friday. The firm has a 50-day moving average price of $14.85 and a 200 day moving average price of $14.20. The firm has a market capitalization of $1.21 billion, a PE ratio of 11.38 and a beta of -0.23. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 2.73. Diversified Energy Company PLC has a 52-week low of $10.65 and a 52-week high of $18.90.

Diversified Energy (NYSE:DEC - Get Free Report) last announced its earnings results on Friday, February 6th. The company reported $2.28 earnings per share (EPS) for the quarter. On average, sell-side analysts anticipate that Diversified Energy Company PLC will post 0.18 earnings per share for the current fiscal year.

Diversified Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, May 29th will be issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 6.9%. The ex-dividend date of this dividend is Friday, May 29th. Diversified Energy's dividend payout ratio is presently 78.91%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on DEC. Truist Financial reduced their price target on shares of Diversified Energy from $22.00 to $20.00 and set a "buy" rating for the company in a report on Thursday. KeyCorp boosted their price target on shares of Diversified Energy from $18.00 to $20.00 and gave the company an "overweight" rating in a report on Thursday, April 2nd. Citigroup boosted their price target on shares of Diversified Energy from $15.00 to $17.00 and gave the company a "buy" rating in a report on Tuesday, March 17th. Wall Street Zen downgraded shares of Diversified Energy from a "buy" rating to a "hold" rating in a report on Saturday, February 14th. Finally, Weiss Ratings raised shares of Diversified Energy from a "sell (d+)" rating to a "hold (c-)" rating in a report on Monday, March 2nd. Six research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $21.40.

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.

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