Diversified Energy (NYSE:DEC) Shares Gap Down to $12.54

Diversified Energy Company PLC (NYSE:DEC)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $12.54, but opened at $12.21. Diversified Energy shares last traded at $12.28, with a volume of 97,242 shares.

Diversified Energy Stock Down 3.6 %

The stock’s fifty day moving average price is $11.99.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. bought a new stake in Diversified Energy during the 4th quarter valued at approximately $812,000. Nuveen Asset Management LLC purchased a new position in Diversified Energy during the fourth quarter valued at $596,000. Public Employees Retirement System of Ohio bought a new stake in shares of Diversified Energy during the 4th quarter valued at $255,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new position in shares of Diversified Energy in the 4th quarter worth about $212,000. Finally, Royal London Asset Management Ltd. purchased a new position in Diversified Energy during the 4th quarter valued at about $25,000. 26.51% of the stock is owned by hedge funds and other institutional investors.

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.