Prescott Group Capital Management L.L.C. Has $3.37 Million Stock Position in Diversified Energy Company PLC (NYSE:DEC)

Prescott Group Capital Management L.L.C. lowered its stake in shares of Diversified Energy Company PLC (NYSE:DEC - Free Report) by 13.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 200,487 shares of the company's stock after selling 30,011 shares during the period. Prescott Group Capital Management L.L.C. owned approximately 0.42% of Diversified Energy worth $3,368,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Callan Family Office LLC acquired a new position in Diversified Energy during the 4th quarter worth approximately $248,000. Proficio Capital Partners LLC bought a new stake in shares of Diversified Energy in the fourth quarter worth $352,000. Empowered Funds LLC increased its stake in Diversified Energy by 5.1% in the 4th quarter. Empowered Funds LLC now owns 137,220 shares of the company's stock valued at $2,305,000 after buying an additional 6,631 shares during the last quarter. SG Americas Securities LLC lifted its position in Diversified Energy by 21.1% during the 4th quarter. SG Americas Securities LLC now owns 18,687 shares of the company's stock worth $314,000 after buying an additional 3,255 shares in the last quarter. Finally, Artemis Investment Management LLP acquired a new position in shares of Diversified Energy during the 4th quarter worth about $5,979,000. 26.51% of the stock is currently owned by institutional investors.

Diversified Energy Stock Performance

Shares of Diversified Energy stock traded up $0.11 on Monday, reaching $11.39. 324,522 shares of the stock were exchanged, compared to its average volume of 311,429. The firm's 50 day moving average is $15.69 and its 200-day moving average is $14.10. Diversified Energy Company PLC has a one year low of $10.54 and a one year high of $17.70.

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Analyst Upgrades and Downgrades

A number of analysts have commented on DEC shares. 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. Truist Financial boosted their price objective on shares of Diversified Energy from $21.00 to $27.00 and gave the company a "buy" rating in a report on Monday, January 6th.

Diversified Energy 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.