Diversified Energy (NYSE:DEC) Sees Strong Trading Volume

Diversified Energy Company PLC (NYSE:DEC) saw unusually-strong trading volume on Monday . Approximately 188,333 shares traded hands during mid-day trading, a decline of 0% from the previous session’s volume of 188,706 shares.The stock last traded at $13.71 and had previously closed at $14.12.

Diversified Energy Stock Down 2.3 %

The company has a debt-to-equity ratio of 1.83, a quick ratio of 0.48 and a current ratio of 0.48. The stock’s 50-day simple moving average is $12.23.

Institutional Investors Weigh In On Diversified Energy

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. M&G Investment Management Ltd. purchased a new position in Diversified Energy during the 4th quarter worth $36,507,000. Vanguard Group Inc. purchased a new position in Diversified Energy in the 4th quarter valued at $35,047,000. Allianz Asset Management GmbH acquired a new position in Diversified Energy in the 4th quarter valued at $16,390,000. UBS Group AG acquired a new position in Diversified Energy in the 4th quarter valued at $15,871,000. Finally, Gilder Gagnon Howe & Co. LLC purchased a new position in Diversified Energy during the 4th quarter worth $11,874,000. Hedge funds and other 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.