California State Teachers Retirement System lifted its stake in shares of Denbury Resources Inc. (NYSE:DNR) by 1.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 704,541 shares of the oil and natural gas company’s stock after purchasing an additional 11,700 shares during the period. California State Teachers Retirement System owned 0.18% of Denbury Resources worth $1,078,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in DNR. Teachers Advisors LLC raised its stake in Denbury Resources by 57.0% in the 2nd quarter. Teachers Advisors LLC now owns 967,464 shares of the oil and natural gas company’s stock valued at $1,480,000 after acquiring an additional 351,363 shares during the period. State Street Corp raised its stake in Denbury Resources by 1.8% in the 2nd quarter. State Street Corp now owns 21,829,124 shares of the oil and natural gas company’s stock valued at $33,402,000 after acquiring an additional 380,034 shares during the period. JPMorgan Chase & Co. increased its position in Denbury Resources by 24.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 12,097,850 shares of the oil and natural gas company’s stock worth $18,510,000 after buying an additional 2,382,134 shares during the period. Wellington Management Group LLP increased its position in Denbury Resources by 36.1% during the 1st quarter. Wellington Management Group LLP now owns 85,334 shares of the oil and natural gas company’s stock worth $221,000 after buying an additional 22,628 shares during the period. Finally, Schwab Charles Investment Management Inc. increased its position in Denbury Resources by 163.9% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 6,641,359 shares of the oil and natural gas company’s stock worth $10,162,000 after buying an additional 4,125,074 shares during the period. Institutional investors own 82.85% of the company’s stock.

Several research firms have weighed in on DNR. KeyCorp reiterated a “hold” rating on shares of Denbury Resources in a research report on Monday, November 13th. BMO Capital Markets set a $1.00 price objective on Denbury Resources and gave the stock a “hold” rating in a research report on Tuesday, October 10th. Zacks Investment Research upgraded Denbury Resources from a “hold” rating to a “buy” rating and set a $1.50 price objective on the stock in a research report on Tuesday, October 10th. Imperial Capital began coverage on Denbury Resources in a research report on Tuesday, October 3rd. They set an “in-line” rating and a $2.00 price objective on the stock. Finally, Royal Bank Of Canada reiterated a “hold” rating and set a $1.50 price objective on shares of Denbury Resources in a research report on Friday, September 29th. Four equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $1.94.

Shares of Denbury Resources Inc. (NYSE DNR) opened at $1.80 on Friday. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 5.91. Denbury Resources Inc. has a 12 month low of $0.91 and a 12 month high of $4.29.

Denbury Resources (NYSE:DNR) last released its quarterly earnings data on Tuesday, November 7th. The oil and natural gas company reported $0.04 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.05. The business had revenue of $266.56 million for the quarter, compared to analyst estimates of $261.84 million. Denbury Resources had a positive return on equity of 0.28% and a negative net margin of 32.50%. The firm’s revenue for the quarter was up 4.9% compared to the same quarter last year. equities research analysts predict that Denbury Resources Inc. will post 0.05 EPS for the current year.

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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.

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

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