Jane Street Group LLC Buys 94,225 Shares of Diversified Energy Company PLC (NYSE:DEC)

Jane Street Group LLC increased its stake in shares of Diversified Energy Company PLC (NYSE:DEC - Free Report) by 276.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 128,261 shares of the company's stock after buying an additional 94,225 shares during the quarter. Jane Street Group LLC owned 0.27% of Diversified Energy worth $2,157,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Signaturefd LLC raised its position in Diversified Energy by 181.8% in the 4th quarter. Signaturefd LLC now owns 7,763 shares of the company's stock valued at $130,000 after purchasing an additional 5,008 shares during the last quarter. Walleye Capital LLC bought a new position in Diversified Energy in the 4th quarter valued at $223,000. Callan Family Office LLC bought a new position in Diversified Energy in the 4th quarter valued at $248,000. Quadrant Capital Group LLC raised its position in Diversified Energy by 51.9% in the 4th quarter. Quadrant Capital Group LLC now owns 16,803 shares of the company's stock valued at $282,000 after purchasing an additional 5,738 shares during the last quarter. Finally, Intech Investment Management LLC bought a new position in Diversified Energy in the 4th quarter valued at $293,000. Institutional investors own 26.51% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Wall Street Zen upgraded Diversified Energy from a "sell" rating to a "hold" rating in a research report on Thursday. Mizuho assumed coverage on Diversified Energy in a research report on Thursday, April 10th. They issued an "outperform" rating and a $23.00 price objective for 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 objective for the company. Finally, KeyCorp cut their price objective 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. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, Diversified Energy has an average rating of "Moderate Buy" and a consensus price target of $20.75.

Diversified Energy Trading Up 1.4%

Shares of DEC stock traded up $0.20 on Thursday, reaching $13.92. 222,646 shares of the stock were exchanged, compared to its average volume of 371,534. Diversified Energy Company PLC has a one year low of $10.08 and a one year high of $17.70. The stock has a 50 day moving average price of $12.69 and a 200 day moving average price of $14.39.

Diversified Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, August 29th will be given a dividend of $0.29 per share. The ex-dividend date is Friday, August 29th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 8.34%.

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.