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

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

A number of other institutional investors have also recently bought and sold shares of the company. Artemis Investment Management LLP boosted its position in Diversified Energy by 15.8% during the first quarter. Artemis Investment Management LLP now owns 412,027 shares of the company's stock valued at $5,571,000 after purchasing an additional 56,117 shares during the last quarter. Mackenzie Financial Corp lifted its position in shares of Diversified Energy by 11.7% in the fourth quarter. Mackenzie Financial Corp now owns 100,797 shares of the company's stock worth $1,693,000 after buying an additional 10,594 shares during the last quarter. Woodline Partners LP acquired a new stake in shares of Diversified Energy in the fourth quarter worth about $6,274,000. Thomist Capital Management LP acquired a new stake in shares of Diversified Energy in the fourth quarter worth about $547,000. Finally, ProShare Advisors LLC acquired a new stake in shares of Diversified Energy in the fourth quarter worth about $222,000. Institutional investors and hedge funds own 26.51% of the company's stock.

Diversified Energy Stock Up 2.5%

Shares of Diversified Energy stock traded up $0.36 during trading on Friday, reaching $14.83. The company's stock had a trading volume of 221,138 shares, compared to its average volume of 373,590. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 3.26. The business's fifty day moving average price is $14.22 and its 200-day moving average price is $14.19. Diversified Energy Company PLC has a one year low of $10.08 and a one year high of $17.70.

Diversified Energy Announces Dividend

The company also recently declared 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 annualized dividend and a yield of 7.82%.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Citigroup assumed coverage on Diversified Energy in a research report on Tuesday, April 29th. They issued a "buy" rating and a $16.00 price target for the company. Mizuho assumed coverage on Diversified Energy in a research report on Thursday, April 10th. They issued an "outperform" rating and a $23.00 price target for the company. KeyCorp reduced their price target on Diversified Energy from $21.00 to $17.00 and set an "overweight" rating for the company in a research report on Monday, April 21st. Finally, Wall Street Zen raised Diversified Energy from a "sell" rating to a "hold" rating in a research report on Thursday, May 22nd. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Diversified Energy presently has a consensus rating of "Moderate Buy" and an average price target of $20.75.

About Diversified Energy

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.