Callan Family Office LLC Acquires New Stake in Diversified Energy Company PLC (NYSE:DEC)

Callan Family Office LLC acquired a new stake in Diversified Energy Company PLC (NYSE:DEC) in the fourth quarter, Holdings Channel reports. The firm acquired 14,778 shares of the company’s stock, valued at approximately $248,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. The Manufacturers Life Insurance Company increased its holdings in Diversified Energy by 3,058.5% in the third quarter. The Manufacturers Life Insurance Company now owns 717,585 shares of the company’s stock valued at $8,101,000 after purchasing an additional 694,866 shares during the period. State Street Corp increased its holdings in Diversified Energy by 42.4% in the third quarter. State Street Corp now owns 552,844 shares of the company’s stock valued at $6,291,000 after purchasing an additional 164,728 shares during the period. Barclays PLC boosted its position in Diversified Energy by 166.9% during the third quarter. Barclays PLC now owns 516,535 shares of the company’s stock valued at $5,876,000 after acquiring an additional 322,986 shares during the last quarter. Artemis Investment Management LLP bought a new stake in Diversified Energy during the fourth quarter valued at $5,979,000. Finally, Empowered Funds LLC boosted its position in Diversified Energy by 5.1% during the fourth quarter. Empowered Funds LLC now owns 137,220 shares of the company’s stock valued at $2,305,000 after acquiring an additional 6,631 shares during the last quarter. 26.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have commented on DEC. 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 research report on Monday, January 6th. KeyCorp upped their price target on shares of Diversified Energy from $18.00 to $19.00 and gave the company an “overweight” rating in a research report on Tuesday, January 7th.

Diversified Energy Price Performance

DEC stock opened at $11.21 on Wednesday. The company’s 50-day moving average is $15.47 and its 200-day moving average is $14.09. Diversified Energy Company PLC has a 1 year low of $10.54 and a 1 year high of $17.70.

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.