Diversified Energy (NYSE:DEC) Coverage Initiated by Analysts at Citigroup

Citigroup began coverage on shares of Diversified Energy (NYSE:DEC) in a research note released on Tuesday, Marketbeat.com reports. The firm issued a buy rating and a $16.00 price objective on the stock.

Several other analysts have also recently issued reports on the stock. Mizuho assumed coverage on shares of Diversified Energy in a research report on Thursday, April 10th. They set an “outperform” rating and a $23.00 target price on the stock. KeyCorp lowered their target price on shares of Diversified Energy from $21.00 to $17.00 and set an “overweight” rating for the company in a report on Monday, April 21st. Finally, Truist Financial upped their price target on shares of Diversified Energy from $21.00 to $27.00 and gave the company a “buy” rating in a report on Monday, January 6th.

Diversified Energy Trading Up 0.7 %

NYSE:DEC opened at $12.81 on Tuesday. Diversified Energy has a 12 month low of $10.08 and a 12 month high of $17.70. The business’s 50-day moving average is $12.40 and its 200 day moving average is $14.22.

Diversified Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, May 30th will be paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 9.06%. The ex-dividend date of this dividend is Friday, May 30th.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Signaturefd LLC raised its position in Diversified Energy by 181.8% during the 4th quarter. Signaturefd LLC now owns 7,763 shares of the company’s stock valued at $130,000 after purchasing an additional 5,008 shares in the last quarter. ProShare Advisors LLC purchased a new stake in Diversified Energy in the fourth quarter worth about $222,000. Walleye Capital LLC bought a new position in Diversified Energy during the 4th quarter worth about $223,000. Callan Family Office LLC purchased a new position in Diversified Energy during the 4th quarter valued at about $248,000. Finally, Quadrant Capital Group LLC raised its holdings in shares of Diversified Energy by 51.9% in the 4th quarter. Quadrant Capital Group LLC now owns 16,803 shares of the company’s stock valued at $282,000 after purchasing an additional 5,738 shares in the last quarter. Hedge funds and other institutional investors own 26.51% of the company’s stock.

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.