Jane Street Group LLC Takes $384,000 Position in Diversified Energy Company PLC (NYSE:DEC)

Jane Street Group LLC bought a new position in shares of Diversified Energy Company PLC (NYSE:DEC - Free Report) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 34,036 shares of the company's stock, valued at approximately $384,000. Jane Street Group LLC owned about 0.07% of Diversified Energy at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of DEC. M&G PLC increased its position in Diversified Energy by 5.1% during the 3rd quarter. M&G PLC now owns 1,803,398 shares of the company's stock valued at $20,523,000 after purchasing an additional 87,775 shares during the period. Jupiter Asset Management Ltd. boosted its stake in shares of Diversified Energy by 77.5% in the 2nd quarter. Jupiter Asset Management Ltd. now owns 2,634,877 shares of the company's stock valued at $34,973,000 after purchasing an additional 1,150,794 shares during the last quarter. Empowered Funds LLC acquired a new stake in shares of Diversified Energy during the third quarter worth $1,486,000. PDT Partners LLC raised its stake in Diversified Energy by 231.4% during the third quarter. PDT Partners LLC now owns 45,386 shares of the company's stock worth $516,000 after buying an additional 31,690 shares during the last quarter. Finally, State Street Corp lifted its holdings in Diversified Energy by 42.4% in the third quarter. State Street Corp now owns 552,844 shares of the company's stock valued at $6,291,000 after buying an additional 164,728 shares during the period. Institutional investors own 26.51% of the company's stock.

Diversified Energy Stock Down 1.7 %

Shares of Diversified Energy stock traded down $0.28 during trading on Thursday, reaching $16.60. 192,252 shares of the company traded hands, compared to its average volume of 294,050. The company has a 50 day moving average price of $15.46 and a 200-day moving average price of $13.87. Diversified Energy Company PLC has a 1-year low of $10.54 and a 1-year high of $17.70.

Diversified Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be issued a dividend of $0.29 per share. The ex-dividend date is Friday, February 28th. This represents a $1.16 annualized dividend and a dividend yield of 6.99%.

Wall Street Analyst Weigh In

DEC has been the subject of several research analyst reports. Truist Financial lifted their price objective on Diversified Energy from $21.00 to $27.00 and gave the stock a "buy" rating in a research report on Monday. KeyCorp lifted their target price on Diversified Energy from $18.00 to $19.00 and gave the stock an "overweight" rating in a report on Tuesday.

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.