Numerai GP LLC Buys New Position in Diversified Energy Company PLC (NYSE:DEC)

Numerai GP LLC purchased a new position in Diversified Energy Company PLC (NYSE:DEC - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 51,825 shares of the company's stock, valued at approximately $871,000. Numerai GP LLC owned 0.11% of Diversified Energy at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of DEC. Invesco Ltd. increased its stake in shares of Diversified Energy by 1.7% in the fourth quarter. Invesco Ltd. now owns 39,195 shares of the company's stock worth $658,000 after purchasing an additional 638 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Diversified Energy by 3.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,748 shares of the company's stock worth $449,000 after buying an additional 934 shares during the period. Wells Fargo & Company MN grew its stake in Diversified Energy by 4.1% in the 4th quarter. Wells Fargo & Company MN now owns 27,287 shares of the company's stock valued at $458,000 after buying an additional 1,085 shares in the last quarter. MetLife Investment Management LLC raised its holdings in Diversified Energy by 5.8% during the 4th quarter. MetLife Investment Management LLC now owns 29,267 shares of the company's stock valued at $492,000 after acquiring an additional 1,597 shares during the period. Finally, SG Americas Securities LLC raised its holdings in Diversified Energy by 21.1% during the 4th quarter. SG Americas Securities LLC now owns 18,687 shares of the company's stock valued at $314,000 after acquiring an additional 3,255 shares during the period. Hedge funds and other institutional investors own 26.51% of the company's stock.

Wall Street Analysts Forecast Growth

DEC has been the subject of several recent research reports. 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 target price on Diversified Energy from $21.00 to $17.00 and set an "overweight" rating for the company in a report on Monday, April 21st. Finally, Citigroup assumed coverage on shares of Diversified Energy in a report on Tuesday, April 29th. They issued a "buy" rating and a $16.00 price target on the stock.

Diversified Energy Trading Up 0.7%

Shares of Diversified Energy stock traded up $0.10 during trading on Tuesday, hitting $13.89. The stock had a trading volume of 40,392 shares, compared to its average volume of 460,756. Diversified Energy Company PLC has a 12 month low of $10.08 and a 12 month high of $17.70. The business's 50-day moving average is $12.59 and its 200 day moving average is $14.39.

Diversified Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, August 29th will be paid a $0.29 dividend. The ex-dividend date is Friday, August 29th. This represents a $1.16 dividend on an annualized basis and a yield of 8.35%.

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.