Diversified Energy (NYSE:DEC) Shares Down 2%

Shares of Diversified Energy Company PLC (NYSE:DEC) dropped 2% on Tuesday . The company traded as low as $10.97 and last traded at $11.01. Approximately 21,873 shares traded hands during trading, a decline of 88% from the average daily volume of 180,869 shares. The stock had previously closed at $11.24.

Diversified Energy Price Performance

The business has a fifty day moving average of $12.06.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Vanguard Group Inc. purchased a new stake in shares of Diversified Energy in the fourth quarter worth approximately $35,047,000. Royal London Asset Management Ltd. purchased a new stake in shares of Diversified Energy in the fourth quarter valued at about $25,000. Goldman Sachs Group Inc. bought a new stake in Diversified Energy in the 4th quarter worth about $812,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new stake in Diversified Energy in the 4th quarter valued at about $212,000. Finally, Public Employees Retirement System of Ohio bought a new position in shares of Diversified Energy in the fourth quarter valued at approximately $255,000. 26.51% of the stock is owned by institutional investors.

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.