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Diversified Energy (DEC)

Company Profile

Company profile

Ticker

DEC

Exchange

Website

CEO

Mr. Robert Russell Hutson Jr.

Incorporated

Location

Fiscal year end

Industry (SIC)

Crude Petroleum & Natural Gas

Petróleo Brasileiro S.A. - Petrobras • Occidental Petroleum • Devon Energy • Expand Energy • Marathon Oil • EOG Resources • Ovintiv • Murphy Oil • Noble Energy • Pioneer Natural Resources ...

Former names

DHC Acquisition Corp.

SEC CIK

Corporate docs

Underwriting Agreements

Plans of Reorganization

Material Contracts & Credit Agreements

Subsidiaries Lists

DEC stock data

1M 3M 6M 1Y

Analyst ratings and price targets

Last 3 months

Truist Securities

Latest filings (excl ownership)

View all

Automatic shelf registration (foreign)

Current report (foreign)

Current report (foreign)

Diversified Energy Reports Strong Third Quarter 2024 Results

Diversified Energy Closes Acquisition of East Texas Assets

Notice of effectiveness

Prospectus supplement

Registration statement (foreign)

Statements of Revenues and Direct Operating Expenses

Current report (foreign)

Latest ownership filings

VANGUARD GROUP INC

M&G INVESTMENT MANAGEMENT LTD

JUPITER ASSET MANAGEMENT LTD

M&G INVESTMENT MANAGEMENT LTD

Financial summary

Financial statements Chart DEC financial data

Quarter (USD)	Dec 23
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 23
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Institutional ownership, Q3 2024

DEC institutional ownership history Ownership history

35.8% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	88	64	+37.5%
Opened positions	33	29	+13.8%
Closed positions	9	16	-43.8%
Increased positions	27	19	+42.1%
Reduced positions	20	10	+100.0%

13F shares	Current	Prev Q	Change
Total value	2.22 tn	2.47 tn	-10.5%
Total shares	18.20 mm	16.63 mm	+9.5%
Total puts	0.00	0.00
Total calls	0.00	0.00
Total put/call ratio	–	–	–

Largest owners	Shares	Value	Change
BlackRock	2.83 mm	$32.17 bn	NEW
Jupiter Asset Management	2.77 mm	$31.33 bn	+5.0%
Vanguard	2.30 mm	$26.04 bn	-13.0%
M&G	1.80 mm	$2.04 tn	+5.1%
LGEN Legal & General	1.00 mm	$11.34 bn	+8.2%
Manufacturers Life Insurance Company, The	717.59 k	$8.10 bn	+3058.5%
GS The Goldman Sachs Group, Inc.	629.98 k	$7.17 bn	+44.7%
UBS UBS	589.44 k	$6.71 bn	+292.1%
Geode Capital Management	567.63 k	$6.46 bn	-0.1%
STT State Street	552.84 k	$6.29 bn	+42.4%

Largest transactions	Shares	Bought/sold	Change
BlackRock	2.83 mm	+2.83 mm	NEW
BLK BlackRock	0.00	-2.49 mm	EXIT
Allianz Asset Management GmbH	0.00	-1.09 mm	EXIT
Manufacturers Life Insurance Company, The	717.59 k	+694.87 k	+3058.5%
UBS UBS	589.44 k	+439.12 k	+292.1%
Vanguard	2.30 mm	-342.66 k	-13.0%
BCS Barclays	516.54 k	+322.99 k	+166.9%
Bridgeway Capital Management	278.09 k	+278.09 k	NEW
NTRS Northern Trust	275.45 k	+260.06 k	+1690.8%
Carlson Capital L P	0.00	-243.80 k	EXIT

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

News

From Benzinga Pro

Diversified Energy To Close $1.275 Billion Acquisition Of Maverick, Strengthening Position In Anadarko And Permian Basins

Diversified Energy Company plc (NYSE: DEC) to acquire Maverick Natural Resources for $1.275 billion. Deal expected to close in first half of 2025, creating a combined company with an enterprise value of $3.8 billion and projected cash flow for debt reduction and shareholder returns.

Keybanc Maintains Overweight on Diversified Energy, Raises Price Target to $19

Keybanc analyst Tim Rezvan maintains Diversified Energy (NYSE:DEC) with a Overweight and raises the price target from $18 to $19.

Truist Securities Maintains Buy on Diversified Energy, Raises Price Target to $27

Truist Securities analyst Bertrand Donnes maintains Diversified Energy (NYSE:DEC) with a Buy and raises the price target from $21 to $27.

Truist Securities Maintains Buy on Diversified Energy, Raises Price Target to $21

Press releases

From Benzinga Pro

Diversified Energy's Unique Strategy Produces Reliable Cash Flow and Strong Full Year 2024 Results

Seventh Year in a Row of Approximately 50% or Better Cash Margins Cash Flow Growth Initiatives Contributed Over $50 million in Cash Flow Company Returned Over $105 million to Shareholders in 2024 BIRMINGHAM, Ala.,

Diversified Expands Asset Base, Density, and Commodity Mix with Acquisition of Liquids Rich Maverick Natural Resources

Financial and Strategic Accretive Acquisition Provides Opportunity for 95% Increase in Revenue, Enhanced Margins, Expense Synergies, and 55% Increase in Free Cash FlowUnique & Differentiated Business Model Offers

Pioneer Energy Partners with Diversified Energy, Selected by the Department of Energy for a $5 Million Grant to Eliminate Emissions at Marginal Conventional Wells

Pioneer Energy announced today that in partnership with Diversified Energy (LSE:DEC)(NYSE:DEC), it has been selected by the U.S. Department of Energy (DOE) and the U.S. Environmental Protection Agency (EPA) for a $5

Pioneer Energy Selected by Department of Energy for $27 Million to Advance Methane Emission Reduction from Oil Production

Diversified Energy Announces Strategic Bolt-on Acquisition of Complementary Producing & Midstream Assets in the Appalachian Basin

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