Penn Capital Management Company LLC Purchases 47,552 Shares of Diversified Energy Company PLC $DEC

Penn Capital Management Company LLC increased its holdings in Diversified Energy Company PLC (NYSE:DEC) by 107.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 91,912 shares of the company’s stock after acquiring an additional 47,552 shares during the period. Penn Capital Management Company LLC owned about 0.19% of Diversified Energy worth $1,288,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Ameriprise Financial Inc. bought a new stake in Diversified Energy during the second quarter worth $53,894,000. Tejara Capital Ltd grew its stake in Diversified Energy by 1,903.1% in the 2nd quarter. Tejara Capital Ltd now owns 1,905,333 shares of the company’s stock valued at $27,951,000 after purchasing an additional 1,810,214 shares during the period. Citadel Advisors LLC grew its stake in Diversified Energy by 47.6% in the 3rd quarter. Citadel Advisors LLC now owns 2,379,205 shares of the company’s stock valued at $33,333,000 after purchasing an additional 767,378 shares during the period. Goldman Sachs Group Inc. increased its position in shares of Diversified Energy by 177.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,187,856 shares of the company’s stock valued at $16,060,000 after purchasing an additional 760,428 shares during the last quarter. Finally, Cooper Creek Partners Management LLC purchased a new stake in shares of Diversified Energy during the 2nd quarter valued at $9,084,000. 26.51% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Zacks Research downgraded shares of Diversified Energy from a “hold” rating to a “strong sell” rating in a report on Monday, January 19th. Johnson Rice upgraded shares of Diversified Energy from an “accumulate” rating to a “buy” rating and raised their price objective for the stock from $19.00 to $23.00 in a report on Friday, December 5th. Weiss Ratings raised shares of Diversified Energy from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, March 2nd. Mizuho boosted their target price on shares of Diversified Energy from $26.00 to $27.00 and gave the company an “outperform” rating in a research note on Friday, December 12th. Finally, Citigroup increased their target price on shares of Diversified Energy from $15.00 to $17.00 and gave the company a “buy” rating in a research report on Tuesday. Five research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $21.00.

Insider Buying and Selling at Diversified Energy

In other news, Director Randall S. Wade sold 2,100,000 shares of Diversified Energy stock in a transaction dated Friday, January 9th. The shares were sold at an average price of $13.28, for a total value 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 document filed with the Securities & Exchange Commission, which is available at the SEC website.

Diversified Energy Stock Performance

Shares of DEC opened at $14.99 on Thursday. Diversified Energy Company PLC has a 1 year low of $10.08 and a 1 year high of $16.85. The company has a debt-to-equity ratio of 2.73, a current ratio of 0.60 and a quick ratio of 0.60. The stock’s fifty day moving average price is $13.50 and its two-hundred day moving average price is $13.98. The firm has a market cap of $1.14 billion, a PE ratio of 10.20 and a beta of 0.46.

Diversified Energy (NYSE:DEC) last posted its quarterly earnings results on Friday, February 6th. The company reported $2.28 earnings per share for the quarter. On average, equities research analysts forecast that Diversified Energy Company PLC will post 0.18 EPS for the current year.

Diversified Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, May 29th will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 7.7%. The ex-dividend date is Friday, May 29th. Diversified Energy’s dividend payout ratio (DPR) is currently 78.91%.

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.