Yaupon Capital Management LP Acquires Shares of 156,374 Diversified Energy Company PLC (NYSE:DEC)

Yaupon Capital Management LP bought a new position in shares of Diversified Energy Company PLC (NYSE:DEC - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 156,374 shares of the company's stock, valued at approximately $2,627,000. Yaupon Capital Management LP owned about 0.32% of Diversified Energy as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. MetLife Investment Management LLC raised its holdings in Diversified Energy by 5.8% in the 4th quarter. MetLife Investment Management LLC now owns 29,267 shares of the company's stock valued at $492,000 after buying an additional 1,597 shares during the period. Walleye Capital LLC purchased a new stake in shares of Diversified Energy in the 4th quarter valued at approximately $223,000. Invesco Ltd. lifted its holdings in shares of Diversified Energy by 1.7% in the 4th quarter. Invesco Ltd. now owns 39,195 shares of the company's stock worth $658,000 after acquiring an additional 638 shares during the last quarter. Quadrant Capital Group LLC boosted its position in shares of Diversified Energy by 51.9% during the 4th quarter. Quadrant Capital Group LLC now owns 16,803 shares of the company's stock worth $282,000 after purchasing an additional 5,738 shares during the period. Finally, Russell Investments Group Ltd. increased its holdings in Diversified Energy by 801.2% in the 4th quarter. Russell Investments Group Ltd. now owns 50,504 shares of the company's stock valued at $848,000 after purchasing an additional 44,900 shares during the last quarter. Institutional investors and hedge funds own 26.51% of the company's stock.

Wall Street Analyst Weigh In

DEC has been the subject of several research analyst reports. KeyCorp lowered their price target on Diversified Energy from $21.00 to $17.00 and set an "overweight" rating for the company in a research report on Monday. Mizuho began coverage on shares of Diversified Energy in a research report on Thursday, April 10th. They set an "outperform" rating and a $23.00 price target on the stock. Finally, Truist Financial raised their price objective 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.

Diversified Energy Stock Performance

Shares of DEC stock traded up $0.23 during mid-day trading on Friday, hitting $12.57. 214,447 shares of the stock were exchanged, compared to its average volume of 357,610. Diversified Energy Company PLC has a 12-month low of $10.08 and a 12-month high of $17.70. The stock's fifty day simple moving average is $12.56 and its two-hundred day simple moving average is $14.19.

Diversified Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, May 30th will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 9.23%. The ex-dividend date of this dividend is Friday, May 30th.

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.