Artemis Investment Management LLP Acquires Shares of 355,910 Diversified Energy Company PLC (NYSE:DEC)

Artemis Investment Management LLP purchased a new stake in Diversified Energy Company PLC (NYSE:DEC - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 355,910 shares of the company's stock, valued at approximately $5,979,000. Artemis Investment Management LLP owned about 0.74% of Diversified Energy as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of DEC. Charles Schwab Investment Management Inc. grew its position in Diversified Energy by 1.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 113,408 shares of the company's stock worth $1,291,000 after buying an additional 1,910 shares in the last quarter. Signaturefd LLC bought a new position in shares of Diversified Energy in the 3rd quarter valued at $31,000. FMR LLC bought a new stake in shares of Diversified Energy during the third quarter worth about $31,000. Brighton Jones LLC lifted its holdings in shares of Diversified Energy by 28.2% during the second quarter. Brighton Jones LLC now owns 25,034 shares of the company's stock worth $338,000 after purchasing an additional 5,501 shares during the period. Finally, Mraz Amerine & Associates Inc. grew its position in shares of Diversified Energy by 8.4% in the 3rd quarter. Mraz Amerine & Associates Inc. now owns 117,366 shares of the company's stock valued at $1,336,000 after buying an additional 9,087 shares during the last quarter. 26.51% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently commented on DEC. KeyCorp upped their target price on Diversified Energy from $18.00 to $19.00 and gave the company an "overweight" rating in a research report on Tuesday, January 7th. Truist Financial increased their target price on shares of Diversified Energy from $21.00 to $27.00 and gave the company a "buy" rating in a report on Monday, January 6th.

Diversified Energy Trading Down 2.4 %

DEC traded down $0.40 on Monday, reaching $16.28. The company had a trading volume of 141,722 shares, compared to its average volume of 191,953. The business has a 50 day simple moving average of $15.92 and a 200 day simple moving average of $14.00. Diversified Energy Company PLC has a 52-week low of $10.54 and a 52-week high of $17.70.

Diversified Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 7.13%. The ex-dividend date of this dividend is Friday, February 28th.

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.