Citadel Advisors LLC Sells 155,730 Shares of Diversified Energy Company PLC (NYSE:DEC)

Citadel Advisors LLC reduced its position in Diversified Energy Company PLC (NYSE:DEC - Free Report) by 75.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 51,638 shares of the company's stock after selling 155,730 shares during the period. Citadel Advisors LLC owned about 0.11% of Diversified Energy worth $868,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Signaturefd LLC lifted its holdings in 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 purchasing an additional 5,008 shares during the last quarter. Walleye Capital LLC acquired a new stake in Diversified Energy during the 4th quarter worth approximately $223,000. Callan Family Office LLC acquired a new stake in Diversified Energy during the 4th quarter worth approximately $248,000. Quadrant Capital Group LLC lifted its holdings in Diversified Energy by 51.9% during the 4th quarter. Quadrant Capital Group LLC now owns 16,803 shares of the company's stock worth $282,000 after purchasing an additional 5,738 shares during the last quarter. Finally, Intech Investment Management LLC acquired a new stake in Diversified Energy during the 4th quarter worth approximately $293,000. 26.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on DEC. Citigroup initiated coverage on Diversified Energy in a report on Tuesday, April 29th. They set a "buy" rating and a $16.00 price target for the company. KeyCorp lowered their target price on shares of Diversified Energy from $21.00 to $17.00 and set an "overweight" rating on the stock in a report on Monday, April 21st. Mizuho began coverage on Diversified Energy in a research report on Thursday, April 10th. They set an "outperform" rating and a $23.00 target price for the company. Finally, Wall Street Zen upgraded Diversified Energy from a "sell" rating to a "hold" rating in a research report on Thursday, May 22nd. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Diversified Energy currently has an average rating of "Moderate Buy" and an average price target of $20.75.

Diversified Energy Stock Performance

NYSE:DEC traded down $0.17 during mid-day trading on Friday, reaching $13.98. The stock had a trading volume of 445,877 shares, compared to its average volume of 374,825. The stock has a 50-day simple moving average of $12.79 and a two-hundred day simple moving average of $14.44. Diversified Energy Company PLC has a 12 month low of $10.08 and a 12 month high of $17.70.

Diversified Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, August 29th will be paid a $0.29 dividend. 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 8.30%.

Diversified Energy Company Profile

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.