Rathbones Group PLC Has $4.13 Million Stake in Diversified Energy Company PLC $DEC

Rathbones Group PLC reduced its position in Diversified Energy Company PLC (NYSE:DEC) by 17.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 222,305 shares of the company’s stock after selling 48,105 shares during the quarter. Rathbones Group PLC owned approximately 0.31% of Diversified Energy worth $4,133,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the company. Royal Bank of Canada lifted its holdings in Diversified Energy by 168.8% in the first quarter. Royal Bank of Canada now owns 26,366 shares of the company’s stock valued at $356,000 after buying an additional 16,556 shares during the period. Amundi boosted its position in Diversified Energy by 4.1% during the first quarter. Amundi now owns 50,406 shares of the company’s stock valued at $654,000 after acquiring an additional 1,995 shares during the last quarter. AQR Capital Management LLC acquired a new stake in Diversified Energy during the 1st quarter worth about $151,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings 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 worth $377,000 after acquiring an additional 1,170 shares during the period. Finally, Goldman Sachs Group Inc. raised its position in shares of Diversified Energy by 177.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,187,856 shares of the company’s stock worth $16,060,000 after acquiring an additional 760,428 shares in the last quarter. 26.51% of the stock is currently owned by institutional investors and hedge funds.

Diversified Energy Trading Down 1.3%

Shares of Diversified Energy stock opened at $13.38 on Wednesday. The stock has a market capitalization of $967.28 million, a PE ratio of 3.80 and a beta of -0.38. Diversified Energy Company PLC has a 52 week low of $12.33 and a 52 week high of $18.90. The stock has a 50 day moving average price of $13.55 and a two-hundred day moving average price of $14.43. The company has a debt-to-equity ratio of 3.57, a quick ratio of 0.47 and a current ratio of 0.47.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Jefferies Financial Group raised Diversified Energy to a “hold” rating in a research note on Friday, July 10th. Stephens initiated coverage on Diversified Energy in a research note on Wednesday, April 15th. They set an “overweight” rating and a $24.00 target price for the company. Truist Financial lowered their target price on Diversified Energy from $20.00 to $17.00 and set a “buy” rating for the company in a report on Wednesday, July 22nd. Citigroup dropped their price target 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, Zacks Research cut Diversified Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 7th. Seven equities research 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 stock has an average rating of “Moderate Buy” and a consensus price target of $21.17.

Diversified Energy Company 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.