California Public Employees Retirement System trimmed its stake in shares of Denbury Resources Inc. (NYSE:DNR) by 1.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,251,598 shares of the oil and natural gas company’s stock after selling 56,800 shares during the quarter. California Public Employees Retirement System owned 0.84% of Denbury Resources worth $4,975,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DNR. BlackRock Inc. boosted its holdings in Denbury Resources by 15,599.0% during the first quarter. BlackRock Inc. now owns 47,422,302 shares of the oil and natural gas company’s stock valued at $122,349,000 after purchasing an additional 47,120,229 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Denbury Resources by 18.3% during the first quarter. Vanguard Group Inc. now owns 56,483,974 shares of the oil and natural gas company’s stock valued at $145,729,000 after purchasing an additional 8,753,615 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Denbury Resources by 146.4% during the first quarter. Dimensional Fund Advisors LP now owns 8,529,233 shares of the oil and natural gas company’s stock valued at $22,004,000 after purchasing an additional 5,067,230 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in Denbury Resources by 163.9% during the second quarter. Schwab Charles Investment Management Inc. now owns 6,641,359 shares of the oil and natural gas company’s stock valued at $10,162,000 after purchasing an additional 4,125,074 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in Denbury Resources by 24.5% during the second quarter. JPMorgan Chase & Co. now owns 12,097,850 shares of the oil and natural gas company’s stock valued at $18,510,000 after purchasing an additional 2,382,134 shares in the last quarter. 86.44% of the stock is currently owned by institutional investors.

Several research analysts have recently commented on the company. Zacks Investment Research raised Denbury Resources from a “hold” rating to a “buy” rating and set a $1.50 target price on the stock in a report on Tuesday, October 10th. KeyCorp reissued a “hold” rating on shares of Denbury Resources in a report on Wednesday, September 6th. BMO Capital Markets reissued a “hold” rating and issued a $1.00 target price on shares of Denbury Resources in a report on Friday, September 1st. Royal Bank Of Canada set a $2.00 target price on Denbury Resources and gave the stock a “hold” rating in a report on Friday, August 25th. Finally, BidaskClub raised Denbury Resources from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd. Five 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 stock currently has a consensus rating of “Hold” and a consensus target price of $2.06.

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Denbury Resources Inc. (DNR) opened at 1.20 on Friday. The company has a 50-day moving average of $1.24 and a 200 day moving average of $1.56. The company’s market cap is $467.88 million. Denbury Resources Inc. has a 52-week low of $0.91 and a 52-week high of $4.29.

Denbury Resources (NYSE:DNR) last posted its quarterly earnings results on Tuesday, August 8th. The oil and natural gas company reported $0.00 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.02. The business had revenue of $261.20 million for the quarter, compared to analyst estimates of $248.66 million. Denbury Resources had a negative net margin of 35.24% and a negative return on equity of 1.94%. The firm’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same quarter last year, the business posted $0.08 EPS. Equities research analysts predict that Denbury Resources Inc. will post $0.02 EPS for the current year.

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.

Institutional Ownership by Quarter for Denbury Resources (NYSE:DNR)

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