Signaturefd LLC Sells 1,868 Shares of Diversified Energy Company PLC $DEC

Signaturefd LLC reduced its position in shares of Diversified Energy Company PLC (NYSE:DEC) by 35.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,365 shares of the company’s stock after selling 1,868 shares during the period. Signaturefd LLC’s holdings in Diversified Energy were worth $49,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Pentwater Capital Management LP bought a new position in shares of Diversified Energy in the 1st quarter valued at $3,245,000. Artemis Investment Management LLP lifted its position in shares of Diversified Energy by 15.8% during the 1st quarter. Artemis Investment Management LLP now owns 412,027 shares of the company’s stock worth $5,571,000 after buying an additional 56,117 shares during the last quarter. Walleye Capital LLC boosted its stake in Diversified Energy by 1,164.0% in the first quarter. Walleye Capital LLC now owns 167,984 shares of the company’s stock valued at $2,271,000 after buying an additional 154,694 shares in the last quarter. State of Wyoming acquired a new stake in Diversified Energy in the first quarter valued at about $266,000. Finally, Russell Investments Group Ltd. grew its position in Diversified Energy by 53.3% in the first quarter. Russell Investments Group Ltd. now owns 77,403 shares of the company’s stock valued at $1,046,000 after acquiring an additional 26,899 shares during the last quarter. 26.51% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Mizuho dropped their target price on shares of Diversified Energy from $27.00 to $26.00 and set an “outperform” rating for the company in a report on Monday, September 15th. Citigroup increased their price objective on shares of Diversified Energy from $16.00 to $19.00 and gave the company a “buy” rating in a research note on Thursday, August 21st. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Diversified Energy in a research note on Saturday, September 27th. Finally, Wall Street Zen upgraded shares of Diversified Energy from a “hold” rating to a “buy” rating in a report on Friday, September 26th. Four research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Diversified Energy presently has an average rating of “Moderate Buy” and a consensus price target of $22.25.

Diversified Energy Trading Down 2.2%

Shares of NYSE:DEC opened at $13.40 on Tuesday. Diversified Energy Company PLC has a 52 week low of $10.08 and a 52 week high of $17.70. The firm’s fifty day moving average is $15.06 and its 200-day moving average is $14.11.

Diversified Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 1st will be issued a dividend of $0.29 per share. The ex-dividend date of this dividend is Monday, December 1st. This represents a $1.16 annualized dividend and a yield of 8.7%.

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.