Prescott Group Capital Management L.L.C. Sells 30,011 Shares of Diversified Energy Company PLC (NYSE:DEC)

Prescott Group Capital Management L.L.C. decreased its holdings in shares of Diversified Energy Company PLC (NYSE:DEC) by 13.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 200,487 shares of the company’s stock after selling 30,011 shares during the period. Prescott Group Capital Management L.L.C.’s holdings in Diversified Energy were worth $3,368,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in DEC. Creative Planning purchased a new stake in shares of Diversified Energy in the 3rd quarter valued at about $350,000. M&G PLC increased its position in shares of Diversified Energy by 5.1% in the third quarter. M&G PLC now owns 1,803,398 shares of the company’s stock worth $20,523,000 after purchasing an additional 87,775 shares during the last quarter. Cornercap Investment Counsel Inc. purchased a new stake in Diversified Energy in the third quarter valued at approximately $235,000. Empowered Funds LLC bought a new stake in Diversified Energy during the third quarter valued at approximately $1,486,000. Finally, Charles Schwab Investment Management Inc. grew its stake in Diversified Energy by 1.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 113,408 shares of the company’s stock worth $1,291,000 after buying an additional 1,910 shares in the last quarter. 26.51% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on DEC. Truist Financial raised their price objective 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 raised their price target on 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 Stock Performance

NYSE:DEC opened at $11.19 on Friday. The business has a 50 day moving average of $15.78 and a 200 day moving average of $14.10. 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.