Callan Family Office LLC Buys New Shares in Diversified Energy Company PLC (NYSE:DEC)

Callan Family Office LLC bought a new stake in Diversified Energy Company PLC (NYSE:DEC) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 14,778 shares of the company’s stock, valued at approximately $248,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Cornercap Investment Counsel Inc. bought a new stake in shares of Diversified Energy during the third quarter worth approximately $235,000. Empowered Funds LLC acquired a new position in Diversified Energy during the third quarter valued at approximately $1,486,000. Charles Schwab Investment Management Inc. raised its position 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 valued at $1,291,000 after purchasing an additional 1,910 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in Diversified Energy by 3,058.5% during 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 in the last quarter. Finally, FMR LLC acquired a new position in Diversified Energy during the third quarter valued at approximately $31,000. Institutional investors and hedge funds own 26.51% of the company’s stock.

Analysts Set New Price Targets

DEC has been the subject of several research analyst reports. KeyCorp boosted their price objective 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. Truist Financial boosted 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.

Diversified Energy Trading Up 2.2 %

Shares of NYSE:DEC opened at $11.21 on Wednesday. The company has a fifty day moving average of $15.47 and a 200-day moving average of $14.09. Diversified Energy Company PLC has a 52-week low of $10.54 and a 52-week high of $17.70.

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.