Icon Advisers Inc. Co. raised its position in shares of Denbury Resources Inc. (NYSE:DNR) by 28.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,020,450 shares of the company’s stock after buying an additional 225,000 shares during the period. Icon Advisers Inc. Co. owned 0.28% of Denbury Resources worth $3,296,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of DNR. Amalgamated Bank boosted its position in shares of Denbury Resources by 2.0% in the second quarter. Amalgamated Bank now owns 40,571 shares of the company’s stock worth $116,000 after buying an additional 783 shares during the period. World Asset Management Inc boosted its position in shares of Denbury Resources by 6.6% in the second quarter. World Asset Management Inc now owns 29,375 shares of the company’s stock worth $105,000 after buying an additional 1,829 shares during the period. State Treasurer State of Michigan boosted its position in shares of Denbury Resources by 1.4% in the second quarter. State Treasurer State of Michigan now owns 140,692 shares of the company’s stock worth $505,000 after buying an additional 1,900 shares during the period. Aperio Group LLC boosted its position in shares of Denbury Resources by 1.4% in the third quarter. Aperio Group LLC now owns 223,816 shares of the company’s stock worth $723,000 after buying an additional 3,001 shares during the period. Finally, Teacher Retirement System of Texas boosted its position in shares of Denbury Resources by 14.2% in the second quarter. Teacher Retirement System of Texas now owns 48,399 shares of the company’s stock worth $174,000 after buying an additional 6,026 shares during the period. 91.09% of the stock is owned by institutional investors.

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

Shares of Denbury Resources Inc. (NYSE:DNR) traded down 3.016% during mid-day trading on Monday, hitting $3.055. 6,618,954 shares of the stock were exchanged. Denbury Resources Inc. has a 52-week low of $0.86 and a 52-week high of $4.80. The firm’s market cap is $1.19 billion. The stock has a 50-day moving average price of $2.83 and a 200 day moving average price of $3.28.

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A number of brokerages recently issued reports on DNR. Barclays PLC cut shares of Denbury Resources from an “equal weight” rating to an “underweight” rating and lowered their price target for the company from $3.00 to $2.50 in a research report on Wednesday, August 10th. Nomura reissued a “sell” rating and set a $3.00 price target on shares of Denbury Resources in a research report on Monday, November 7th. Zacks Investment Research raised shares of Denbury Resources from a “hold” rating to a “buy” rating and set a $3.25 price target for the company in a research report on Wednesday, August 10th. Johnson Rice reissued a “hold” rating on shares of Denbury Resources in a research report on Tuesday, October 18th. Finally, Mizuho started coverage on shares of Denbury Resources in a research report on Wednesday, October 5th. They set a “neutral” rating and a $3.00 price target for the company. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $2.59.

About Denbury Resources

Denbury Resources Inc is an independent oil and natural gas company. The Company’s operations are focused on 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.

5 Day Chart for NYSE:DNR

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