Vanguard Group Inc. decreased its holdings in Denbury Resources Inc. (NYSE:DNR) by 4.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 54,141,280 shares of the oil and natural gas company’s stock after selling 2,342,694 shares during the period. Vanguard Group Inc. owned approximately 13.90% of Denbury Resources worth $82,836,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in DNR. Northern Trust Corp lifted its holdings in Denbury Resources by 8.4% in the second quarter. Northern Trust Corp now owns 4,859,338 shares of the oil and natural gas company’s stock worth $7,436,000 after buying an additional 376,512 shares during the period. UBS Asset Management Americas Inc. lifted its stake in shares of Denbury Resources by 12.7% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 370,421 shares of the oil and natural gas company’s stock valued at $567,000 after buying an additional 41,794 shares in the last quarter. Thrivent Financial For Lutherans lifted its stake in Denbury Resources by 4.6% in the 2nd quarter. Thrivent Financial For Lutherans now owns 236,150 shares of the oil and natural gas company’s stock worth $361,000 after purchasing an additional 10,380 shares in the last quarter. Nationwide Fund Advisors raised its position in shares of Denbury Resources by 66.2% during the 2nd quarter. Nationwide Fund Advisors now owns 1,156,298 shares of the oil and natural gas company’s stock valued at $1,769,000 after buying an additional 460,727 shares in the last quarter. Finally, Teachers Advisors LLC grew its holdings in Denbury Resources by 57.0% during the 2nd quarter. Teachers Advisors LLC now owns 967,464 shares of the oil and natural gas company’s stock valued at $1,480,000 after purchasing an additional 351,363 shares during the last quarter. 86.49% of the stock is currently owned by hedge funds and other institutional investors.
Denbury Resources Inc. (NYSE DNR) traded up $0.10 during midday trading on Tuesday, reaching $1.88. 10,680,800 shares of the company traded hands, compared to its average volume of 7,095,044. The company has a debt-to-equity ratio of 5.91, a quick ratio of 0.53 and a current ratio of 0.53. Denbury Resources Inc. has a 52-week low of $0.92 and a 52-week high of $4.29.
Denbury Resources (NYSE:DNR) last issued its quarterly earnings results on Tuesday, November 7th. The oil and natural gas company reported $0.04 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.01) by $0.05. Denbury Resources had a positive return on equity of 0.28% and a negative net margin of 32.50%. The firm had revenue of $266.56 million for the quarter, compared to analysts’ expectations of $261.84 million. The company’s quarterly revenue was up 4.9% compared to the same quarter last year. equities research analysts predict that Denbury Resources Inc. will post 0.04 EPS for the current year.
A number of equities analysts have commented on DNR shares. Stifel Nicolaus set a $1.00 target price on shares of Denbury Resources and gave the stock a “hold” rating in a research note on Friday, August 18th. Imperial Capital started coverage on shares of Denbury Resources in a research report on Tuesday, October 3rd. They set an “in-line” rating and a $2.00 target price for the company. KeyCorp reaffirmed a “hold” rating on shares of Denbury Resources in a report on Monday. Royal Bank Of Canada reiterated a “hold” rating and issued a $1.50 price objective on shares of Denbury Resources in a research note on Friday, September 29th. Finally, Zacks Investment Research lowered shares of Denbury Resources from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 18th. Four analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $1.94.
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Denbury Resources Company Profile
Denbury Resources Inc is an independent oil and natural gas company. The Company’s operations are focused in two operating areas: the Gulf Coast and Rocky Mountain regions. Its properties with proved and producing reserves in the Gulf Coast region are situated in Mississippi, Texas, Louisiana and Alabama, and in the Rocky Mountain region are situated in Montana, North Dakota and Wyoming.
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