Penn Capital Management Company LLC Sells 39,630 Shares of Diversified Energy Company PLC $DEC

Penn Capital Management Company LLC decreased its stake in shares of Diversified Energy Company PLC (NYSE:DEC) by 43.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,282 shares of the company’s stock after selling 39,630 shares during the quarter. Penn Capital Management Company LLC owned approximately 0.11% of Diversified Energy worth $757,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. ProShare Advisors LLC bought a new stake in Diversified Energy during the 4th quarter valued at about $164,000. Tejara Capital Ltd lifted its holdings in Diversified Energy by 2.8% during the 4th quarter. Tejara Capital Ltd now owns 2,007,882 shares of the company’s stock valued at $29,074,000 after buying an additional 54,976 shares in the last quarter. Bailard Inc. lifted its holdings in Diversified Energy by 39.3% during the 4th quarter. Bailard Inc. now owns 18,800 shares of the company’s stock valued at $272,000 after buying an additional 5,300 shares in the last quarter. ABC Arbitrage SA bought a new stake in Diversified Energy during the 4th quarter valued at about $164,000. Finally, Premier Fund Managers Ltd bought a new stake in Diversified Energy during the 4th quarter valued at about $12,069,000. Institutional investors own 26.51% of the company’s stock.

Diversified Energy Trading Down 3.6%

NYSE:DEC opened at $14.57 on Thursday. Diversified Energy Company PLC has a one year low of $12.33 and a one year high of $18.90. The company has a debt-to-equity ratio of 3.57, a quick ratio of 0.47 and a current ratio of 0.47. The firm has a market cap of $1.05 billion, a P/E ratio of 9.91 and a beta of -0.34. The firm has a 50-day simple moving average of $16.13 and a 200-day simple moving average of $14.75.

Diversified Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Friday, August 28th will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, August 28th. This represents a $1.16 dividend on an annualized basis and a yield of 8.0%. Diversified Energy’s dividend payout ratio is presently 78.91%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Weiss Ratings lowered shares of Diversified Energy from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, May 7th. KeyCorp lifted their price objective 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. Truist Financial decreased their price objective on shares of Diversified Energy from $22.00 to $20.00 and set a “buy” rating for the company in a report on Thursday, April 9th. Wall Street Zen lowered shares of Diversified Energy from a “buy” rating to a “hold” rating in a report on Saturday, February 14th. Finally, Zacks Research upgraded shares of Diversified Energy from a “hold” rating to a “strong-buy” rating in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $21.83.

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.