Mission Wealth Management LP lowered its position in shares of Denbury Resources Inc. (NYSE:DNR) by 34.0% during the third quarter, Holdings Channel reports. The fund owned 38,421 shares of the oil and natural gas company’s stock after selling 19,826 shares during the quarter. Mission Wealth Management LP’s holdings in Denbury Resources were worth $238,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Everence Capital Management Inc. acquired a new stake in Denbury Resources during the second quarter worth approximately $117,000. Strs Ohio acquired a new position in shares of Denbury Resources in the 3rd quarter valued at $151,000. Advisor Partners LLC acquired a new position in shares of Denbury Resources in the 2nd quarter valued at $151,000. Victory Capital Management Inc. acquired a new position in shares of Denbury Resources in the 3rd quarter valued at $234,000. Finally, CIBC Private Wealth Group LLC boosted its holdings in shares of Denbury Resources by 41.5% in the 2nd quarter. CIBC Private Wealth Group LLC now owns 40,900 shares of the oil and natural gas company’s stock valued at $197,000 after purchasing an additional 12,000 shares during the last quarter. Hedge funds and other institutional investors own 85.17% of the company’s stock.
A number of equities analysts have weighed in on DNR shares. Oppenheimer reiterated a “buy” rating on shares of Denbury Resources in a report on Monday, October 29th. TheStreet upgraded shares of Denbury Resources from a “d” rating to a “c-” rating in a report on Wednesday, August 22nd. ValuEngine lowered shares of Denbury Resources from a “hold” rating to a “sell” rating in a report on Tuesday, October 23rd. Zacks Investment Research lowered shares of Denbury Resources from a “buy” rating to a “hold” rating in a report on Tuesday, October 9th. Finally, KLR Group reiterated a “hold” rating and issued a $5.00 price target on shares of Denbury Resources in a report on Monday, August 20th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $5.01.
In other news, CAO James S. Matthews sold 20,000 shares of the business’s stock in a transaction dated Thursday, August 23rd. The shares were sold at an average price of $4.86, for a total value of $97,200.00. Following the completion of the sale, the chief accounting officer now owns 459,949 shares of the company’s stock, valued at approximately $2,235,352.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.10% of the stock is currently owned by insiders.
Shares of DNR stock opened at $3.27 on Monday. Denbury Resources Inc. has a 52 week low of $1.18 and a 52 week high of $6.75. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 3.04. The firm has a market capitalization of $1.51 billion, a PE ratio of 23.36 and a beta of 3.74.
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, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.02. Denbury Resources had a net margin of 14.77% and a return on equity of 25.74%. The firm had revenue of $387.06 million for the quarter, compared to the consensus estimate of $328.72 million. On average, equities analysts expect that Denbury Resources Inc. will post 0.47 earnings per share for the current year.
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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