Denbury Resources Inc. (DNR) Holdings Lifted by SG Americas Securities LLC

SG Americas Securities LLC grew its position in Denbury Resources Inc. (NYSE:DNR) by 294.0% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 101,712 shares of the oil and natural gas company’s stock after purchasing an additional 75,898 shares during the period. SG Americas Securities LLC’s holdings in Denbury Resources were worth $489,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Everence Capital Management Inc. acquired a new position in shares of Denbury Resources in the second quarter worth about $117,000. LPL Financial LLC boosted its holdings in shares of Denbury Resources by 33.5% in the first quarter. LPL Financial LLC now owns 54,094 shares of the oil and natural gas company’s stock worth $148,000 after buying an additional 13,577 shares during the period. Advisor Partners LLC acquired a new position in shares of Denbury Resources in the second quarter worth about $151,000. CIBC Private Wealth Group LLC boosted its holdings in shares of Denbury Resources by 41.5% in 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 buying an additional 12,000 shares during the period. Finally, Jane Street Group LLC boosted its holdings in shares of Denbury Resources by 130.5% in the first quarter. Jane Street Group LLC now owns 92,578 shares of the oil and natural gas company’s stock worth $254,000 after buying an additional 52,416 shares during the period. Institutional investors own 85.02% of the company’s stock.

DNR stock opened at $5.28 on Monday. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 3.04. The company has a market cap of $2.52 billion, a P/E ratio of 37.71 and a beta of 3.39. Denbury Resources Inc. has a 52 week low of $1.04 and a 52 week high of $5.84.

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

DNR has been the subject of several recent analyst reports. Johnson Rice upgraded shares of Denbury Resources from a “hold” rating to an “accumulate” rating in a report on Wednesday, August 15th. Zacks Investment Research upgraded shares of Denbury Resources from a “hold” rating to a “buy” rating and set a $5.00 target price for the company in a report on Friday, July 20th. TheStreet upgraded shares of Denbury Resources from a “d” rating to a “c-” rating in a report on Wednesday, August 22nd. ValuEngine upgraded shares of Denbury Resources from a “sell” rating to a “hold” rating in a report on Thursday, August 23rd. Finally, KLR Group restated a “hold” rating and set a $5.00 price target on shares of Denbury Resources in a report on Monday, August 20th. Nine investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Denbury Resources currently has an average rating of “Hold” and a consensus target price of $3.59.

In related news, CAO James S. Matthews sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 23rd. The shares were sold at an average price of $4.86, for a total transaction of $97,200.00. Following the completion of the sale, the chief accounting officer now directly owns 459,949 shares in the company, valued at $2,235,352.14. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 1.10% of the company’s stock.

About Denbury Resources

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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