Rathbones Group PLC Sells 48,105 Shares of Diversified Energy Company PLC $DEC

Rathbones Group PLC reduced its holdings in shares of Diversified Energy Company PLC (NYSE:DEC) by 17.8% in the first quarter, Holdings Channel reports. The institutional investor owned 222,305 shares of the company’s stock after selling 48,105 shares during the period. Rathbones Group PLC’s holdings in Diversified Energy were worth $4,133,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Royal Bank of Canada raised its holdings in shares of Diversified Energy by 0.5% in the 1st quarter. Royal Bank of Canada now owns 140,160 shares of the company’s stock worth $2,445,000 after acquiring an additional 748 shares during the last quarter. Quadrant Capital Group LLC boosted its stake in Diversified Energy by 8.1% during the 3rd quarter. Quadrant Capital Group LLC now owns 11,500 shares of the company’s stock valued at $161,000 after purchasing an additional 863 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Diversified Energy by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,918 shares of the company’s stock valued at $377,000 after purchasing an additional 1,170 shares during the last quarter. Public Employees Retirement System of Ohio increased its holdings in Diversified Energy by 7.8% during the 4th quarter. Public Employees Retirement System of Ohio now owns 19,333 shares of the company’s stock worth $280,000 after purchasing an additional 1,399 shares in the last quarter. Finally, Quarry LP increased its holdings in Diversified Energy by 1,595.2% during the 3rd quarter. Quarry LP now owns 2,119 shares of the company’s stock worth $30,000 after purchasing an additional 1,994 shares in the last quarter. 26.51% of the stock is owned by institutional investors.

Diversified Energy Price Performance

Shares of NYSE DEC opened at $13.38 on Wednesday. The company has a market capitalization of $967.28 million, a PE ratio of 3.80 and a beta of -0.38. 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’s 50 day moving average price is $13.55 and its 200-day moving average price is $14.43. Diversified Energy Company PLC has a twelve month low of $12.33 and a twelve month high of $18.90.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on DEC. Weiss Ratings downgraded Diversified Energy from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, May 7th. Stephens assumed coverage on Diversified Energy in a report on Wednesday, April 15th. They set an “overweight” rating and a $24.00 price target for the company. Truist Financial lowered their price target on Diversified Energy from $20.00 to $17.00 and set a “buy” rating for the company in a research report on Wednesday, July 22nd. Citigroup dropped their price objective on Diversified Energy from $19.00 to $16.00 and set a “buy” rating on the stock in a research note on Tuesday, July 21st. Finally, Jefferies Financial Group raised shares of Diversified Energy to a “hold” rating in a report on Friday, July 10th. Seven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price 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.