Rhumbline Advisers Sells 890 Shares of Diversified Energy Company PLC (NYSE:DEC)

Rhumbline Advisers decreased its position in shares of Diversified Energy Company PLC (NYSE:DEC) by 1.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 69,795 shares of the company’s stock after selling 890 shares during the period. Rhumbline Advisers owned approximately 0.14% of Diversified Energy worth $1,173,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Empowered Funds LLC increased its position in Diversified Energy by 5.1% during the fourth quarter. Empowered Funds LLC now owns 137,220 shares of the company’s stock valued at $2,305,000 after acquiring an additional 6,631 shares during the last quarter. SG Americas Securities LLC increased its position in Diversified Energy by 21.1% during the fourth quarter. SG Americas Securities LLC now owns 18,687 shares of the company’s stock valued at $314,000 after acquiring an additional 3,255 shares during the last quarter. Artemis Investment Management LLP bought a new position in Diversified Energy during the fourth quarter valued at $5,979,000. CWA Asset Management Group LLC bought a new position in Diversified Energy during the fourth quarter valued at $390,000. Finally, JPMorgan Chase & Co. increased its position in Diversified Energy by 30.4% during the third quarter. JPMorgan Chase & Co. now owns 99,159 shares of the company’s stock valued at $1,128,000 after acquiring an additional 23,126 shares during the last quarter. Institutional investors own 26.51% of the company’s stock.

Diversified Energy Stock Performance

NYSE DEC opened at $12.00 on Thursday. The company’s 50-day moving average price is $15.88 and its 200-day moving average price is $14.12. Diversified Energy Company PLC has a 12 month low of $10.54 and a 12 month high of $17.70.

Analyst Ratings Changes

A number of research firms have weighed in on DEC. KeyCorp boosted 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. Truist Financial upped their price target on shares of Diversified Energy from $21.00 to $27.00 and gave the stock a “buy” rating in a report on Monday, January 6th.

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.