Diversified Energy (NYSE:DEC) Shares Gap Up to $12.90

Diversified Energy Company PLC (NYSE:DEC) shares gapped up before the market opened on Tuesday . The stock had previously closed at $12.90, but opened at $13.36. Diversified Energy shares last traded at $13.36, with a volume of 39,440 shares trading hands.

Diversified Energy Stock Performance

The company’s 50 day simple moving average is $12.09.

Hedge Funds Weigh In On Diversified Energy

Large investors have recently added to or reduced their stakes in the company. Royal London Asset Management Ltd. bought a new position in Diversified Energy in the fourth quarter worth about $25,000. Fund 1 Investments LLC bought a new position in Diversified Energy in the fourth quarter worth about $56,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Diversified Energy during the fourth quarter valued at about $190,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new position in shares of Diversified Energy during the fourth quarter valued at about $212,000. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of Diversified Energy during the fourth quarter valued at about $255,000. 26.51% of the stock is currently owned by 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.