Diversified Energy Company PLC (NYSE:DEC) Short Interest Update

Diversified Energy Company PLC (NYSE:DEC - Get Free Report) was the recipient of a large decline in short interest in November. As of November 30th, there was short interest totalling 1,660,000 shares, a decline of 7.8% from the November 15th total of 1,800,000 shares. Based on an average daily trading volume, of 271,800 shares, the short-interest ratio is currently 6.1 days. Approximately 3.7% of the shares of the company are sold short.

Analyst Ratings Changes

A number of equities research analysts have commented on DEC shares. Truist Financial raised their target price on shares of Diversified Energy from $19.00 to $21.00 and gave the stock a "buy" rating in a research note on Monday, November 18th. KeyCorp assumed coverage on shares of Diversified Energy in a research note on Wednesday, August 28th. They set an "overweight" rating and a $18.00 target price on the stock.

Diversified Energy Stock Down 5.4 %

DEC traded down $0.91 on Monday, hitting $15.95. 225,251 shares of the company's stock traded hands, compared to its average volume of 267,313. The company's 50 day simple moving average is $13.77 and its 200-day simple moving average is $13.62. Diversified Energy has a one year low of $10.54 and a one year high of $18.05.

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 issued a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 7.27%. The ex-dividend date is Friday, February 28th.

Hedge Funds Weigh In On Diversified Energy

Institutional investors have recently bought and sold shares of the stock. Barclays PLC grew its position in shares of Diversified Energy by 166.9% during the third quarter. Barclays PLC now owns 516,535 shares of the company's stock valued at $5,876,000 after purchasing an additional 322,986 shares in the last quarter. XTX Topco Ltd bought a new position in Diversified Energy during the third quarter valued at approximately $163,000. Jane Street Group LLC purchased a new position in Diversified Energy during the 3rd quarter valued at approximately $384,000. State Street Corp raised its holdings in shares of Diversified Energy by 42.4% during the 3rd quarter. State Street Corp now owns 552,844 shares of the company's stock worth $6,291,000 after acquiring an additional 164,728 shares in the last quarter. Finally, Quantinno Capital Management LP bought a new position in shares of Diversified Energy during the 3rd quarter valued at approximately $167,000. 26.51% of the stock is owned by hedge funds and other institutional investors.

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.