Diversified Energy Company PLC (NYSE:DEC - Get Free Report) shares saw unusually-strong trading volume on Thursday . Approximately 1,520,081 shares traded hands during trading, an increase of 438% from the previous session's volume of 282,635 shares.The stock last traded at $14.51 and had previously closed at $15.01.
Analyst Ratings Changes
Several research analysts recently issued reports on DEC shares. Truist Financial upped their target price on Diversified Energy from $21.00 to $27.00 and gave the company a "buy" rating in a research report on Monday, January 6th. KeyCorp increased their price objective on shares of Diversified Energy from $18.00 to $19.00 and gave the company an "overweight" rating in a research report on Tuesday, January 7th.
Check Out Our Latest Research Report on Diversified Energy
Diversified Energy Price Performance
The stock has a 50 day moving average of $16.26 and a 200-day moving average of $14.15.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in the business. Invesco Ltd. raised its stake in shares of Diversified Energy by 1.7% during the 4th quarter. Invesco Ltd. now owns 39,195 shares of the company's stock valued at $658,000 after buying an additional 638 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Diversified Energy by 3.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,748 shares of the company's stock valued at $449,000 after acquiring an additional 934 shares in the last quarter. Wells Fargo & Company MN raised its position in Diversified Energy by 4.1% during the fourth quarter. Wells Fargo & Company MN now owns 27,287 shares of the company's stock valued at $458,000 after acquiring an additional 1,085 shares in the last quarter. MetLife Investment Management LLC increased its holdings in shares of 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 purchasing an additional 1,597 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Diversified Energy by 1.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 113,408 shares of the company's stock valued at $1,291,000 after purchasing an additional 1,910 shares in the last quarter. Hedge funds and other institutional investors own 26.51% of the company's stock.
Diversified Energy Company Profile
(
Get Free Report)
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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