Diversified Energy (NYSE:DEC) Director Sells $27,888,000.00 in Stock

Diversified Energy Company PLC (NYSE:DEC) Director Randall Wade sold 2,100,000 shares of the company’s stock in a transaction dated Friday, January 9th. The shares were sold at an average price of $13.28, for a total transaction of $27,888,000.00. Following the completion of the transaction, the director owned 7,501,585 shares in the company, valued at $99,621,048.80. This trade represents a 21.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Diversified Energy Stock Performance

Shares of DEC stock traded down $0.52 during trading on Monday, hitting $12.79. The company had a trading volume of 441,868 shares, compared to its average volume of 608,183. The firm has a market capitalization of $616.49 million, a P/E ratio of 8.70 and a beta of 0.50. Diversified Energy Company PLC has a one year low of $10.08 and a one year high of $17.24. The stock’s 50-day moving average price is $14.47 and its 200 day moving average price is $14.50.

Diversified Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, February 27th will be paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 9.1%. The ex-dividend date is Friday, February 27th. Diversified Energy’s dividend payout ratio is presently 55.10%.

Institutional Trading of Diversified Energy

Several hedge funds have recently bought and sold shares of the business. Callan Family Office LLC lifted its holdings in Diversified Energy by 5.8% during the second quarter. Callan Family Office LLC now owns 15,639 shares of the company’s stock worth $229,000 after acquiring an additional 861 shares during the period. Quadrant Capital Group LLC increased its position in shares of 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. ProShare Advisors LLC raised its stake in shares of Diversified Energy by 10.9% during the 2nd quarter. ProShare Advisors LLC now owns 11,278 shares of the company’s stock worth $165,000 after purchasing an additional 1,105 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Diversified Energy by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,918 shares of the company’s stock worth $377,000 after buying an additional 1,170 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH grew its position in Diversified Energy by 5.6% during the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 23,575 shares of the company’s stock valued at $330,000 after buying an additional 1,249 shares during the period. Institutional investors and hedge funds own 26.51% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Wall Street Zen downgraded shares of Diversified Energy from a “buy” rating to a “hold” rating in a research note on Saturday, October 18th. Johnson Rice raised Diversified Energy from an “accumulate” rating to a “buy” rating and raised their target price for the stock from $19.00 to $23.00 in a research report on Friday, December 5th. Citigroup lifted their target price on Diversified Energy from $16.00 to $17.00 and gave the stock a “buy” rating in a report on Thursday, November 13th. Mizuho increased their price target on Diversified Energy from $26.00 to $27.00 and gave the company an “outperform” rating in a research note on Friday, December 12th. Finally, William Blair began coverage on Diversified Energy in a research report on Tuesday, November 18th. They set an “outperform” rating for the company. Five analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $21.00.

About Diversified Energy

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.