Fmr LLC boosted its holdings in shares of Denbury Resources Inc. (NYSE:DNR) by 17.6% during the 2nd quarter, HoldingsChannel reports. The fund owned 21,799,417 shares of the oil and natural gas company’s stock after purchasing an additional 3,266,213 shares during the period. Fmr LLC’s holdings in Denbury Resources were worth $104,854,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Everence Capital Management Inc. bought a new position in Denbury Resources during the second quarter worth about $117,000. LPL Financial LLC lifted its holdings in Denbury Resources by 33.5% during the first quarter. LPL Financial LLC now owns 54,094 shares of the oil and natural gas company’s stock worth $148,000 after acquiring an additional 13,577 shares in the last quarter. Advisor Partners LLC bought a new position in Denbury Resources during the second quarter worth about $151,000. CIBC Private Wealth Group LLC lifted its holdings in Denbury Resources by 41.5% during the second quarter. CIBC Private Wealth Group LLC now owns 40,900 shares of the oil and natural gas company’s stock worth $197,000 after acquiring an additional 12,000 shares in the last quarter. Finally, Jane Street Group LLC raised its stake in shares of Denbury Resources by 130.5% in the 1st quarter. Jane Street Group LLC now owns 92,578 shares of the oil and natural gas company’s stock valued at $254,000 after purchasing an additional 52,416 shares during the period. Hedge funds and other institutional investors own 85.02% of the company’s stock.

DNR opened at $5.29 on Tuesday. Denbury Resources Inc. has a 1 year low of $1.04 and a 1 year high of $5.84. The stock has a market capitalization of $2.52 billion, a price-to-earnings ratio of 38.14 and a beta of 3.39. The company has a debt-to-equity ratio of 3.04, a quick ratio of 0.43 and a current ratio of 0.43.

Denbury Resources (NYSE:DNR) last released its quarterly earnings results on Tuesday, August 7th. The oil and natural gas company reported $0.13 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.02. Denbury Resources had a return on equity of 25.74% and a net margin of 14.77%. The firm had revenue of $387.06 million for the quarter, compared to the consensus estimate of $328.72 million. analysts expect that Denbury Resources Inc. will post 0.47 EPS for the current fiscal year.

Several analysts have issued reports on DNR shares. ValuEngine downgraded Denbury Resources from a “hold” rating to a “sell” rating in a research note on Monday, July 2nd. Royal Bank of Canada reissued a “hold” rating and issued a $5.00 price target on shares of Denbury Resources in a research note on Friday, July 13th. Zacks Investment Research raised Denbury Resources from a “hold” rating to a “buy” rating and set a $5.00 price target on the stock in a research note on Friday, July 20th. Stifel Nicolaus lifted their price target on Denbury Resources from $1.30 to $4.60 and gave the company a “hold” rating in a research note on Wednesday, August 1st. Finally, Johnson Rice raised Denbury Resources from a “hold” rating to an “accumulate” rating in a research note on Wednesday, August 15th. Nine equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Denbury Resources presently has an average rating of “Hold” and an average price target of $3.59.

In related news, CAO James S. Matthews sold 20,000 shares of Denbury Resources stock in a transaction dated Thursday, August 23rd. The stock was sold at an average price of $4.86, for a total value of $97,200.00. Following the sale, the chief accounting officer now owns 459,949 shares of the company’s stock, valued at $2,235,352.14. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.10% of the company’s stock.

Denbury Resources Company Profile

Denbury Resources Inc operates as an independent oil and natural gas company in the United States. It holds interests in various oil and natural gas properties located in Mississippi, Texas, Louisiana, and Alabama in the Gulf Coast region; and in Montana, North Dakota, and Wyoming in the Rocky Mountain region.

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

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