Diversified Energy (NYSE:DEC) Price Target Lowered to $15.00 at Citigroup

Diversified Energy (NYSE:DEC) had its price objective decreased by Citigroup from $17.00 to $15.00 in a research report sent to investors on Wednesday morning,Benzinga reports. Citigroup currently has a buy rating on the stock.

A number of other research firms also recently commented on DEC. Johnson Rice raised shares of Diversified Energy from an “accumulate” rating to a “buy” rating and increased their target price for the company from $19.00 to $23.00 in a research report on Friday, December 5th. Wall Street Zen upgraded shares of Diversified Energy from a “hold” rating to a “buy” rating in a research report on Saturday, January 31st. Zacks Research cut Diversified Energy from a “hold” rating to a “strong sell” rating in a research report on Monday, January 19th. Weiss Ratings restated a “sell (d+)” rating on shares of Diversified Energy in a research report on Wednesday, January 21st. Finally, William Blair began coverage on Diversified Energy in a report on Tuesday, November 18th. They issued an “outperform” rating for the company. Five analysts have rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $20.50.

Diversified Energy Trading Up 1.2%

Shares of Diversified Energy stock opened at $13.14 on Wednesday. Diversified Energy has a 52 week low of $10.08 and a 52 week high of $17.24. The firm’s 50 day moving average is $13.91 and its two-hundred day moving average is $14.29.

Insider Buying and Selling at Diversified Energy

In other news, Director Randall S. Wade sold 2,100,000 shares of Diversified Energy stock in a transaction on Friday, January 9th. The stock was sold at an average price of $13.28, for a total transaction of $27,888,000.00. Following the completion of the transaction, the director owned 7,501,585 shares of the company’s stock, valued at $99,621,048.80. The trade was a 21.87% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Hedge Funds Weigh In On Diversified Energy

Several hedge funds have recently added to or reduced their stakes in the business. Callan Family Office LLC raised its stake in Diversified Energy by 5.8% in the 2nd quarter. Callan Family Office LLC now owns 15,639 shares of the company’s stock valued at $229,000 after purchasing an additional 861 shares during the last quarter. Quadrant Capital Group LLC boosted its stake in shares of Diversified Energy by 8.1% during the 3rd quarter. Quadrant Capital Group LLC now owns 11,500 shares of the company’s stock worth $161,000 after purchasing an additional 863 shares during the last quarter. ProShare Advisors LLC grew its holdings in shares of Diversified Energy by 10.9% during the second quarter. ProShare Advisors LLC now owns 11,278 shares of the company’s stock worth $165,000 after buying an additional 1,105 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Diversified Energy by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,918 shares of the company’s stock valued at $377,000 after buying an additional 1,170 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH raised its position in shares of Diversified Energy by 5.6% in the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 23,575 shares of the company’s stock valued at $330,000 after buying an additional 1,249 shares during the last quarter. 26.51% of the stock is currently owned by hedge funds and other institutional investors.

About Diversified Energy

Diversified Energy Company PLC (NYSE: DEC) is an independent oil and natural gas producer focused on the acquisition and optimization of legacy onshore assets in the United States. The company’s portfolio spans thousands of producing wells and extensive leasehold positions across core regions such as Appalachia, the Permian Basin and the Mid-Continent. By targeting mature properties, Diversified Energy seeks to enhance long-term recovery through operational efficiencies and capital discipline.

The company’s business model centers on fee-based infrastructure and midstream services that provide stable and predictable cash flows.