Diversified Energy Company PLC (DEC) To Go Ex-Dividend on February 26th

Diversified Energy Company PLC (NYSE:DEC) announced a quarterly dividend on Wednesday, November 4th. Stockholders of record on Friday, February 26th will be paid a dividend of $0.29 per share on Wednesday, March 31st. This represents a $1.16 dividend on an annualized basis and a dividend yield of 9.0%. The ex-dividend date is Friday, February 26th.

Diversified Energy Stock Performance

NYSE:DEC opened at $12.88 on Friday. The stock has a 50-day simple moving average of $14.33 and a two-hundred day simple moving average of $14.42. The firm has a market capitalization of $911.38 million, a PE ratio of 3.99 and a beta of -0.32. Diversified Energy has a 52-week low of $12.35 and a 52-week high of $18.90. The company has a debt-to-equity ratio of 2.96, a quick ratio of 0.57 and a current ratio of 0.57.

Diversified Energy (NYSE:DEC) last released its earnings results on Wednesday, August 5th. The company reported ($0.29) EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.49). The business had revenue of $442.30 million for the quarter, compared to the consensus estimate of $492.98 million. Analysts forecast that Diversified Energy will post 2.78 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Artemis Investment Management LLP raised its holdings in Diversified Energy by 8.3% during the 3rd quarter. Artemis Investment Management LLP now owns 6,148,058 shares of the company’s stock valued at $82,383,000 after buying an additional 470,823 shares during the period. Bank of America Corp DE lifted its position in Diversified Energy by 57.8% in the first quarter. Bank of America Corp DE now owns 304,613 shares of the company’s stock worth $5,312,000 after buying an additional 111,625 shares during the last quarter. First Trust Advisors LP purchased a new position in Diversified Energy during the first quarter worth $10,546,000. Walleye Capital LLC boosted its stake in Diversified Energy by 275.1% during the first quarter. Walleye Capital LLC now owns 230,694 shares of the company’s stock worth $4,023,000 after buying an additional 169,198 shares during the period. Finally, California State Teachers Retirement System boosted its stake in Diversified Energy by 1,504.4% during the first quarter. California State Teachers Retirement System now owns 61,385 shares of the company’s stock worth $1,071,000 after buying an additional 57,559 shares during the period. 26.51% of the stock is owned by hedge funds and other institutional investors.

Diversified Energy Company Profile

Diversified Energy Company plc is an independent energy company focused on acquiring, operating and managing mature onshore oil and natural gas assets in the United States. Its portfolio includes producing wells, gathering systems and related infrastructure, with an emphasis on extending the productive life of existing assets through operational improvements and disciplined asset management.

The company’s operations are concentrated in several U.S. regions, including the Appalachian, Central and Rocky Mountain areas.