Diversified Energy Company PLC (NYSE:DEC - Get Free Report)'s share price fell 6.1% on Wednesday . The stock traded as low as $15.88 and last traded at $15.70. 89,462 shares were traded during mid-day trading, a decline of 58% from the average session volume of 213,149 shares. The stock had previously closed at $16.73.
Analyst Upgrades and Downgrades
Several research firms have recently weighed in on DEC. Truist Financial increased their price target on shares of Diversified Energy from $21.00 to $27.00 and gave the company a "buy" rating in a research note on Monday, January 6th. KeyCorp increased their price target on shares of Diversified Energy from $18.00 to $19.00 and gave the company an "overweight" rating in a research note on Tuesday, January 7th.
Check Out Our Latest Stock Analysis on DEC
Diversified Energy Trading Down 2.5 %
The stock's 50-day moving average is $16.26 and its two-hundred day moving average is $14.15.
Hedge Funds Weigh In On Diversified Energy
A number of hedge funds have recently made changes to their positions in the stock. Mackenzie Financial Corp boosted its position in shares of Diversified Energy by 11.7% during the 4th quarter. Mackenzie Financial Corp now owns 100,797 shares of the company's stock worth $1,693,000 after purchasing an additional 10,594 shares during the period. Woodline Partners LP purchased a new position in shares of Diversified Energy during the 4th quarter worth approximately $6,274,000. Thomist Capital Management LP purchased a new position in shares of Diversified Energy during the 4th quarter worth approximately $547,000. ProShare Advisors LLC purchased a new position in shares of Diversified Energy during the 4th quarter worth approximately $222,000. Finally, Quantinno Capital Management LP boosted its position in shares of Diversified Energy by 197.4% during the 4th quarter. Quantinno Capital Management LP now owns 43,815 shares of the company's stock worth $736,000 after purchasing an additional 29,084 shares during the period. Hedge funds and other institutional investors own 26.51% of the company's stock.
About Diversified Energy
(
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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