Diversified Energy Company PLC (NYSE:DEC - Get Free Report) Director Randall Wade sold 2,100,000 shares of the firm's stock in a transaction on Friday, January 9th. The stock was sold at an average price of $13.28, for a total value of $27,888,000.00. Following the completion of the sale, the director directly owned 7,501,585 shares of the company's stock, valued at $99,621,048.80. The trade was a 21.87% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Diversified Energy Trading Down 3.9%
Diversified Energy stock opened at $12.79 on Tuesday. The stock has a 50-day moving average of $14.47 and a two-hundred day moving average of $14.48. Diversified Energy Company PLC has a one year low of $10.08 and a one year high of $17.24.
Diversified Energy Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, February 27th will be given a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 9.1%. The ex-dividend date of this dividend is Friday, February 27th. Diversified Energy's dividend payout ratio (DPR) is presently 78.91%.
Wall Street Analyst Weigh In
A number of research analysts have issued reports on the stock. Johnson Rice upgraded shares of Diversified Energy from an "accumulate" rating to a "buy" rating and upped their price target for the company from $19.00 to $23.00 in a research note on Friday, December 5th. William Blair initiated coverage on shares of Diversified Energy in a report on Tuesday, November 18th. They set an "outperform" rating on the stock. Weiss Ratings reissued a "sell (d+)" rating on shares of Diversified Energy in a research report on Wednesday, October 8th. Wall Street Zen cut Diversified Energy from a "buy" rating to a "hold" rating in a research report on Saturday, October 18th. Finally, Mizuho boosted 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. Five research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Diversified Energy currently has a consensus rating of "Moderate Buy" and a consensus target price of $21.00.
View Our Latest Research Report on Diversified Energy
Hedge Funds Weigh In On Diversified Energy
A number of institutional investors have recently modified their holdings of the stock. CWM LLC lifted its holdings in shares of Diversified Energy by 273.1% in the 2nd 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 period. Quarry LP raised its position in Diversified Energy by 1,595.2% during the third quarter. Quarry LP now owns 2,119 shares of the company's stock valued at $30,000 after acquiring an additional 1,994 shares in the last quarter. State of Alaska Department of Revenue acquired a new position in Diversified Energy in the third quarter valued at approximately $47,000. Allworth Financial LP boosted its position in Diversified Energy by 10,143.9% in the 2nd quarter. Allworth Financial LP now owns 4,200 shares of the company's stock worth $62,000 after purchasing an additional 4,159 shares in the last quarter. Finally, Oakworth Capital Inc. acquired a new stake in shares of Diversified Energy during the 2nd quarter worth approximately $73,000. Hedge funds and other institutional investors own 26.51% of the company's stock.
About Diversified Energy
(
Get Free Report)
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.
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