Diversified Energy (NYSE:DEC) Stock Price Up 6.3%

Diversified Energy Company PLC (NYSE:DEC)’s stock price rose 6.3% during mid-day trading on Thursday . The stock traded as high as $12.09 and last traded at $12.09. Approximately 145,054 shares changed hands during mid-day trading, a decline of 21% from the average daily volume of 184,289 shares. The stock had previously closed at $11.37.

Diversified Energy Price Performance

The business has a fifty day moving average of $12.03.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Royal London Asset Management Ltd. purchased a new stake in shares of Diversified Energy during the fourth quarter valued at approximately $25,000. Fund 1 Investments LLC purchased a new stake in shares of Diversified Energy during the fourth quarter valued at approximately $56,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of Diversified Energy during the fourth quarter valued at approximately $190,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new stake in shares of Diversified Energy during the fourth quarter valued at approximately $212,000. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of Diversified Energy during the fourth quarter valued at approximately $255,000. Institutional investors own 26.51% of the company’s stock.

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.