Diversified Energy Company PLC (NYSE:DEC - Get Free Report)'s stock price fell 4.3% on Thursday . The company traded as low as $14.18 and last traded at $14.20. 63,499 shares changed hands during mid-day trading, a decline of 86% from the average session volume of 450,997 shares. The stock had previously closed at $14.84.
Analysts Set New Price Targets
A number of brokerages recently weighed in on DEC. Wall Street Zen upgraded shares of Diversified Energy from a "sell" rating to a "hold" rating in a research report on Thursday, May 22nd. KeyCorp cut their price target on shares of Diversified Energy from $21.00 to $17.00 and set an "overweight" rating on the stock in a research report on Monday, April 21st. Mizuho began coverage on shares of Diversified Energy in a research report on Thursday, April 10th. They issued an "outperform" rating and a $23.00 price target on the stock. Finally, Citigroup assumed coverage on shares of Diversified Energy in a research report on Tuesday, April 29th. They issued a "buy" rating and a $16.00 price target on the stock. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Diversified Energy has a consensus rating of "Moderate Buy" and a consensus target price of $20.75.
Read Our Latest Analysis on Diversified Energy
Diversified Energy Stock Performance
The business has a 50 day moving average of $13.09 and a 200-day moving average of $14.35.
Diversified Energy Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, August 29th will be paid a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $1.16 dividend on an annualized basis and a yield of 7.98%.
Institutional Trading of Diversified Energy
A number of large investors have recently bought and sold shares of DEC. Federated Hermes Inc. bought a new stake in Diversified Energy during the 1st quarter worth approximately $108,000. Signaturefd LLC grew its stake in shares of Diversified Energy by 181.8% during the 4th quarter. Signaturefd LLC now owns 7,763 shares of the company's stock worth $130,000 after acquiring an additional 5,008 shares in the last quarter. Summit X LLC bought a new position in shares of Diversified Energy during the 1st quarter worth approximately $140,000. AQR Capital Management LLC bought a new position in shares of Diversified Energy during the 1st quarter worth approximately $151,000. Finally, Trexquant Investment LP bought a new position in shares of Diversified Energy during the 1st quarter worth approximately $155,000. 26.51% of the stock is owned by institutional investors.
About Diversified Energy
(
Get Free Report)
Diversified Energy Company PLC operates as an independent owner and operator of producing natural gas and oil wells primarily in the Appalachian Basin of the United States. The company is involved in the production, marketing, and transportation of natural gas, natural gas liquids, crude oil, and condensates.
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