Mraz Amerine & Associates Inc. Has $1.78 Million Stake in Diversified Energy Company PLC (NYSE:DEC)

Mraz Amerine & Associates Inc. lifted its position in Diversified Energy Company PLC (NYSE:DEC - Free Report) by 16.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 132,341 shares of the company's stock after acquiring an additional 18,846 shares during the period. Mraz Amerine & Associates Inc. owned about 0.27% of Diversified Energy worth $1,779,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Proficio Capital Partners LLC acquired a new position in shares of Diversified Energy during the 4th quarter worth $352,000. Callan Family Office LLC bought a new position in shares of Diversified Energy during the 4th quarter worth approximately $248,000. Amundi grew its stake in Diversified Energy by 8.1% during the fourth quarter. Amundi now owns 48,411 shares of the company's stock worth $806,000 after buying an additional 3,625 shares during the last quarter. Signaturefd LLC raised its holdings in shares of Diversified Energy by 181.8% in the fourth quarter. Signaturefd LLC now owns 7,763 shares of the company's stock valued at $130,000 after buying an additional 5,008 shares during the last quarter. Finally, Intech Investment Management LLC acquired a new position in Diversified Energy during the 4th quarter worth $293,000. 26.51% of the stock is owned by institutional investors and hedge funds.

Diversified Energy Price Performance

NYSE:DEC traded up $0.13 during mid-day trading on Wednesday, hitting $14.43. The stock had a trading volume of 231,408 shares, compared to its average volume of 374,018. Diversified Energy Company PLC has a twelve month low of $10.08 and a twelve month high of $17.70. The company's 50 day simple moving average is $14.10 and its 200 day simple moving average is $14.22. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 3.26.

Diversified Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, August 29th will be issued a $0.29 dividend. The ex-dividend date is Friday, August 29th. This represents a $1.16 annualized dividend and a yield of 8.04%.

Wall Street Analysts Forecast Growth

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

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.