Mraz Amerine & Associates Inc. Purchases 18,846 Shares of Diversified Energy Company PLC (NYSE:DEC)

Mraz Amerine & Associates Inc. raised its stake in Diversified Energy Company PLC (NYSE:DEC - Free Report) by 16.6% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 132,341 shares of the company's stock after purchasing an additional 18,846 shares during the quarter. Mraz Amerine & Associates Inc. owned 0.27% of Diversified Energy worth $1,779,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DEC. Proficio Capital Partners LLC bought a new position in shares of Diversified Energy during the fourth quarter valued at approximately $352,000. Callan Family Office LLC bought a new position in Diversified Energy in the fourth quarter worth $248,000. Amundi raised its holdings in Diversified Energy by 8.1% in the fourth quarter. Amundi now owns 48,411 shares of the company's stock worth $806,000 after purchasing an additional 3,625 shares in the last quarter. Signaturefd LLC raised its holdings in Diversified Energy by 181.8% in the fourth quarter. Signaturefd LLC now owns 7,763 shares of the company's stock worth $130,000 after purchasing an additional 5,008 shares in the last quarter. Finally, Intech Investment Management LLC bought a new position in Diversified Energy in the fourth quarter worth $293,000. Institutional investors own 26.51% of the company's stock.

Wall Street Analyst Weigh In

DEC has been the topic of a number of recent research reports. Mizuho started coverage on shares of Diversified Energy in a report on Thursday, April 10th. They issued an "outperform" rating and a $23.00 price objective on the stock. KeyCorp reduced their price target on shares of Diversified Energy from $21.00 to $17.00 and set an "overweight" rating for the company in a research note on Monday, April 21st. Wall Street Zen upgraded shares of Diversified Energy from a "sell" rating to a "hold" rating in a research report on Thursday, May 22nd. Finally, Citigroup started coverage on Diversified Energy in a research note 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.com, the stock has an average rating of "Moderate Buy" and an average target price of $20.75.

Diversified Energy Stock Performance

Shares of NYSE DEC traded up $0.36 during trading on Friday, hitting $14.83. The company had a trading volume of 221,138 shares, compared to its average volume of 373,731. The stock has a 50 day simple moving average of $14.18 and a 200 day simple moving average of $14.21. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 3.26. Diversified Energy Company PLC has a 12 month low of $10.08 and a 12 month high of $17.70.

Diversified Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, August 29th will be paid a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 7.82%. The ex-dividend date is Friday, August 29th.

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.