Jane Street Group LLC Buys 94,225 Shares of Diversified Energy Company PLC (NYSE:DEC)

Jane Street Group LLC lifted its stake in Diversified Energy Company PLC (NYSE:DEC) by 276.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 128,261 shares of the company’s stock after acquiring an additional 94,225 shares during the period. Jane Street Group LLC owned 0.27% of Diversified Energy worth $2,157,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Barclays PLC raised its position in shares of Diversified Energy by 166.9% in the 3rd quarter. Barclays PLC now owns 516,535 shares of the company’s stock worth $5,876,000 after acquiring an additional 322,986 shares in the last quarter. Artemis Investment Management LLP acquired a new position in Diversified Energy during the 4th quarter valued at about $5,979,000. Proficio Capital Partners LLC acquired a new position in Diversified Energy during the 4th quarter valued at about $352,000. JPMorgan Chase & Co. increased its position in Diversified Energy by 31.8% during the 4th quarter. JPMorgan Chase & Co. now owns 130,668 shares of the company’s stock valued at $2,195,000 after buying an additional 31,509 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its position in Diversified Energy by 801.2% during the 4th quarter. Russell Investments Group Ltd. now owns 50,504 shares of the company’s stock valued at $848,000 after buying an additional 44,900 shares in the last quarter. 26.51% of the stock is owned by institutional investors.

Diversified Energy Price Performance

Shares of DEC stock opened at $13.72 on Friday. The stock’s 50-day simple moving average is $12.55 and its 200-day simple moving average is $14.34. Diversified Energy Company PLC has a fifty-two week low of $10.08 and a fifty-two week high of $17.70.

Diversified Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, August 29th will be issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 8.46%. The ex-dividend date is Friday, August 29th.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Mizuho assumed coverage on Diversified Energy in a research report on Thursday, April 10th. They set an “outperform” rating and a $23.00 target price on the stock. Citigroup assumed coverage on Diversified Energy in a research report on Tuesday, April 29th. They set a “buy” rating and a $16.00 target price on the stock. Finally, KeyCorp reduced their target price on Diversified Energy from $21.00 to $17.00 and set an “overweight” rating on the stock in a research report on Monday, April 21st.

About Diversified Energy

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.