Diversified Energy (NYSE:DEC) Shares Gap Down to $12.54

Shares of Diversified Energy Company PLC (NYSE:DEC - Get Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $12.54, but opened at $12.21. Diversified Energy shares last traded at $12.28, with a volume of 97,242 shares trading hands.

Diversified Energy Stock Performance

The business's 50 day simple moving average is $11.97.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of DEC. M&G Investment Management Ltd. acquired a new position in shares of Diversified Energy during the 4th quarter worth about $36,507,000. Vanguard Group Inc. acquired a new position in Diversified Energy in the 4th quarter valued at about $35,047,000. Allianz Asset Management GmbH acquired a new position in Diversified Energy in the 4th quarter valued at about $16,390,000. UBS Group AG acquired a new position in Diversified Energy in the 4th quarter valued at about $15,871,000. Finally, Gilder Gagnon Howe & Co. LLC acquired a new position in Diversified Energy in the 4th quarter valued at about $11,874,000. 26.51% of the stock is currently owned by institutional investors and hedge funds.

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.