MERIAN GLOBAL INVESTORS UK Ltd acquired a new stake in shares of Denbury Resources Inc. (NYSE:DNR) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 1,589,825 shares of the oil and natural gas company’s stock, valued at approximately $9,856,000. MERIAN GLOBAL INVESTORS UK Ltd owned approximately 0.35% of Denbury Resources as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in DNR. Dimensional Fund Advisors LP grew its position in Denbury Resources by 191.8% during the first quarter. Dimensional Fund Advisors LP now owns 12,946,951 shares of the oil and natural gas company’s stock valued at $35,475,000 after purchasing an additional 8,510,030 shares in the last quarter. BlackRock Inc. grew its position in Denbury Resources by 8.4% during the second quarter. BlackRock Inc. now owns 57,077,113 shares of the oil and natural gas company’s stock valued at $274,540,000 after purchasing an additional 4,411,023 shares in the last quarter. FMR LLC grew its position in Denbury Resources by 17.6% during the second quarter. FMR LLC now owns 21,799,417 shares of the oil and natural gas company’s stock valued at $104,854,000 after purchasing an additional 3,266,213 shares in the last quarter. United Services Automobile Association grew its position in Denbury Resources by 3,094.8% during the second quarter. United Services Automobile Association now owns 1,989,670 shares of the oil and natural gas company’s stock valued at $21,966,000 after purchasing an additional 1,927,392 shares in the last quarter. Finally, Wells Fargo & Company MN grew its position in Denbury Resources by 182.1% during the second quarter. Wells Fargo & Company MN now owns 2,230,528 shares of the oil and natural gas company’s stock valued at $10,729,000 after purchasing an additional 1,439,701 shares in the last quarter. 84.56% of the stock is currently owned by hedge funds and other institutional investors.

DNR stock opened at $5.26 on Friday. 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 capitalization of $2.46 billion, a price-to-earnings ratio of 13.00 and a beta of 3.38. Denbury Resources Inc. has a 12 month low of $1.04 and a 12 month high of $6.75.

Denbury Resources (NYSE:DNR) last posted its earnings results on Tuesday, August 7th. The oil and natural gas company reported $0.13 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.02. The company had revenue of $387.06 million during the quarter, compared to the consensus estimate of $328.72 million. Denbury Resources had a net margin of 14.77% and a return on equity of 25.74%. On average, equities research analysts predict that Denbury Resources Inc. will post 0.49 EPS for the current fiscal year.

DNR has been the topic of a number of research analyst reports. Zacks Investment Research downgraded shares of Denbury Resources from a “buy” rating to a “hold” rating in a research report on Tuesday, October 9th. Oppenheimer initiated coverage on shares of Denbury Resources in a research report on Wednesday, October 3rd. They set an “outperform” rating and a $9.00 price objective on the stock. ValuEngine downgraded shares of Denbury Resources from a “hold” rating to a “sell” rating in a research report on Monday, July 16th. Royal Bank of Canada reaffirmed a “hold” rating and set a $5.00 price objective on shares of Denbury Resources in a research report on Friday, July 13th. Finally, Johnson Rice raised shares of Denbury Resources from a “hold” rating to an “accumulate” rating in a research report on Wednesday, August 15th. Eight analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Denbury Resources has an average rating of “Hold” and an average target price of $5.18.

In other Denbury Resources news, CAO James S. Matthews sold 20,000 shares of the business’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 value of $97,200.00. Following the completion of the sale, the chief accounting officer now directly owns 459,949 shares of the company’s stock, valued at $2,235,352.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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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