11,451 Shares in Diversified Energy Company PLC $DEC Purchased by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd acquired a new position in Diversified Energy Company PLC (NYSE:DEC) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 11,451 shares of the company’s stock, valued at approximately $168,000.

Other large investors have also modified their holdings of the company. CWM LLC grew its stake in shares of Diversified Energy by 273.1% during the second quarter. CWM LLC now owns 1,787 shares of the company’s stock valued at $26,000 after buying an additional 1,308 shares during the last quarter. Oakworth Capital Inc. bought a new stake in shares of Diversified Energy during the 2nd quarter worth approximately $73,000. Federated Hermes Inc. purchased a new position in Diversified Energy during the 1st quarter valued at $108,000. Summit X LLC purchased a new position in Diversified Energy during the 1st quarter valued at $140,000. Finally, AQR Capital Management LLC bought a new position in Diversified Energy in the 1st quarter valued at $151,000. Hedge funds and other institutional investors own 26.51% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on DEC. 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 Monday, October 20th. Mizuho cut their price target on shares of Diversified Energy from $27.00 to $26.00 and set an “outperform” rating on the stock in a report on Monday, September 15th. Wall Street Zen lowered shares of Diversified Energy from a “buy” rating to a “hold” rating in a report on Saturday, October 18th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Diversified Energy in a research report on Wednesday, October 8th. Four analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $21.50.

Diversified Energy Trading Up 1.1%

DEC opened at $13.89 on Monday. The company has a market capitalization of $669.82 million, a price-to-earnings ratio of 9.45 and a beta of 0.62. Diversified Energy Company PLC has a 12-month low of $10.08 and a 12-month high of $17.70. The business’s fifty day simple moving average is $13.92 and its 200-day simple moving average is $14.28.

Diversified Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, February 27th will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, February 27th. This represents a $1.16 dividend on an annualized basis and a yield of 8.4%. Diversified Energy’s dividend payout ratio (DPR) is 55.10%.

About Diversified Energy

Diversified Energy Company PLC operates as an independent owner and operator of producing natural gas and oil wells primarily in the Appalachian Basin of the United States. The company is involved in the production, marketing, and transportation of natural gas, natural gas liquids, crude oil, and condensates.