Sei Investments Co. Sells 47,651 Shares of Diversified Energy Company PLC $DEC

Sei Investments Co. lowered its holdings in Diversified Energy Company PLC (NYSE:DEC) by 76.9% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 14,287 shares of the company’s stock after selling 47,651 shares during the quarter. Sei Investments Co.’s holdings in Diversified Energy were worth $249,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. 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 valued at $30,000 after acquiring an additional 1,994 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in shares of Diversified Energy during the 4th quarter valued at about $32,000. Ensign Peak Advisors Inc bought a new stake in shares of Diversified Energy during the 4th quarter valued at about $35,000. Tower Research Capital LLC TRC increased its position in shares of Diversified Energy by 261.3% during the second quarter. Tower Research Capital LLC TRC now owns 5,069 shares of the company’s stock valued at $74,000 after buying an additional 3,666 shares during the period. Finally, SG Americas Securities LLC bought a new position in Diversified Energy in the fourth quarter worth about $111,000. 26.51% of the stock is owned by hedge funds and other institutional investors.

Diversified Energy Trading Down 0.1%

NYSE DEC opened at $14.31 on Monday. Diversified Energy Company PLC has a 12 month low of $12.33 and a 12 month high of $18.90. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 2.96. The stock’s fifty day moving average price is $13.49 and its 200-day moving average price is $14.50. The stock has a market cap of $1.01 billion, a P/E ratio of 4.43 and a beta of -0.38.

Diversified Energy (NYSE:DEC) last announced its quarterly earnings results on Wednesday, August 5th. The company reported ($0.29) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.49). The company had revenue of $442.30 million for the quarter, compared to the consensus estimate of $492.98 million. As a group, equities analysts forecast that Diversified Energy Company PLC will post 2.83 EPS for the current fiscal year.

Diversified Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Wednesday, December 2nd will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Wednesday, December 2nd. This represents a $1.16 annualized dividend and a dividend yield of 8.1%. Diversified Energy’s dividend payout ratio (DPR) is 35.91%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Citigroup decreased their target price on Diversified Energy from $19.00 to $16.00 and set a “buy” rating for the company in a research report on Tuesday, July 21st. Mizuho set a $32.00 price objective on Diversified Energy in a research report on Monday, August 10th. Zacks Research cut shares of Diversified Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 7th. Truist Financial increased their price target on shares of Diversified Energy from $17.00 to $20.00 and gave the stock a “buy” rating in a research note on Wednesday, August 12th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Diversified Energy in a research report on Tuesday, August 4th. Seven research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $22.50.

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.