Mraz Amerine & Associates Inc. Sells 3,871 Shares of Diversified Energy Company PLC (NYSE:DEC)

Mraz Amerine & Associates Inc. lessened its holdings in Diversified Energy Company PLC (NYSE:DEC) by 3.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 113,495 shares of the company’s stock after selling 3,871 shares during the quarter. Mraz Amerine & Associates Inc.’s holdings in Diversified Energy were worth $1,907,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Charles Schwab Investment Management Inc. raised its holdings in Diversified Energy by 1.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 113,408 shares of the company’s stock worth $1,291,000 after acquiring an additional 1,910 shares in the last quarter. Signaturefd LLC acquired a new position in shares of Diversified Energy during the 3rd quarter worth approximately $31,000. FMR LLC bought a new stake in shares of Diversified Energy during the 3rd quarter worth approximately $31,000. SG Americas Securities LLC boosted its holdings in shares of Diversified Energy by 21.1% in the 4th quarter. SG Americas Securities LLC now owns 18,687 shares of the company’s stock valued at $314,000 after buying an additional 3,255 shares during the last quarter. Finally, Empowered Funds LLC grew its stake in shares of Diversified Energy by 5.1% in the fourth 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 in the last quarter. 26.51% of the stock is currently owned by institutional investors and hedge funds.

Diversified Energy Stock Up 1.8 %

Shares of Diversified Energy stock opened at $16.93 on Tuesday. Diversified Energy Company PLC has a 1 year low of $10.54 and a 1 year high of $17.70. The business has a fifty day simple moving average of $16.34 and a two-hundred day simple moving average of $14.11.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. KeyCorp upped their price target on shares of Diversified Energy from $18.00 to $19.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 7th. Truist Financial upped their target price 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 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.