Diversified Energy (NYSE:DEC - Free Report) had its price target raised by Truist Financial from $21.00 to $27.00 in a research report report published on Monday,Benzinga reports. The firm currently has a buy rating on the stock.
Diversified Energy Price Performance
Shares of DEC traded down $0.58 during mid-day trading on Monday, hitting $16.57. The company's stock had a trading volume of 322,167 shares, compared to its average volume of 317,622. The company's 50-day moving average is $15.07 and its 200-day moving average is $13.79. Diversified Energy has a 52-week low of $10.54 and a 52-week high of $17.70.
Diversified Energy Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be given a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 7.00%. The ex-dividend date of this dividend is Friday, February 28th.
Institutional Investors Weigh In On Diversified Energy
A number of institutional investors have recently added to or reduced their stakes in DEC. Signaturefd LLC purchased a new stake in shares of Diversified Energy during the third quarter valued at about $31,000. FMR LLC purchased a new stake in Diversified Energy during the third quarter valued at approximately $31,000. Ballentine Partners LLC acquired a new stake in Diversified Energy in the third quarter valued at approximately $143,000. XTX Topco Ltd acquired a new stake in Diversified Energy in the third quarter valued at approximately $163,000. Finally, Quantinno Capital Management LP purchased a new position in Diversified Energy in the third quarter worth $167,000. Institutional investors own 26.51% of the company's stock.
About Diversified Energy
(
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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.
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