Proficio Capital Partners LLC Acquires New Holdings in Diversified Energy Company PLC (NYSE:DEC)

Proficio Capital Partners LLC acquired a new stake in Diversified Energy Company PLC (NYSE:DEC) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 20,933 shares of the company’s stock, valued at approximately $352,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. The Manufacturers Life Insurance Company raised its holdings in Diversified Energy by 3,058.5% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 717,585 shares of the company’s stock valued at $8,101,000 after buying an additional 694,866 shares during the period. State Street Corp raised its holdings in Diversified Energy by 42.4% in the 3rd 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. Barclays PLC raised its holdings in Diversified Energy by 166.9% in the 3rd quarter. Barclays PLC now owns 516,535 shares of the company’s stock valued at $5,876,000 after buying an additional 322,986 shares during the period. Artemis Investment Management LLP purchased a new stake in Diversified Energy in the 4th quarter valued at about $5,979,000. Finally, Empowered Funds LLC raised its holdings 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 period. 26.51% of the stock is currently owned by hedge funds and other institutional investors.

Diversified Energy Trading Down 2.6 %

Shares of NYSE:DEC opened at $10.99 on Tuesday. The firm’s 50-day moving average is $15.58 and its two-hundred day moving average is $14.10. Diversified Energy Company PLC has a 1 year low of $10.54 and a 1 year high of $17.70.

Wall Street Analyst Weigh In

A number of analysts have issued reports on DEC shares. Truist Financial boosted their price target on shares of Diversified Energy from $21.00 to $27.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. KeyCorp boosted their price target on shares of Diversified Energy from $18.00 to $19.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 7th.

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.