Bank of New York Mellon Corp cut its position in Denbury Resources Inc. (NYSE:DNR) by 2.1% during the second quarter, Holdings Channel reports. The institutional investor owned 4,718,496 shares of the oil and natural gas company’s stock after selling 102,863 shares during the quarter. Bank of New York Mellon Corp’s holdings in Denbury Resources were worth $22,696,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of DNR. CIBC Private Wealth Group LLC grew its position in 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 worth $197,000 after purchasing an additional 12,000 shares during the last quarter. LPL Financial LLC grew its position in Denbury Resources by 33.5% in the 1st quarter. LPL Financial LLC now owns 54,094 shares of the oil and natural gas company’s stock worth $148,000 after purchasing an additional 13,577 shares during the last quarter. Endurance Wealth Management Inc. grew its position in Denbury Resources by 1.9% in the 2nd quarter. Endurance Wealth Management Inc. now owns 888,111 shares of the oil and natural gas company’s stock worth $4,272,000 after purchasing an additional 16,625 shares during the last quarter. Everence Capital Management Inc. acquired a new stake in Denbury Resources in the 2nd quarter worth $117,000. Finally, Advisor Partners LLC acquired a new stake in Denbury Resources in the 2nd quarter worth $151,000. Institutional investors and hedge funds own 85.02% of the company’s stock.

DNR has been the topic of several research analyst reports. Johnson Rice upgraded shares of Denbury Resources from a “hold” rating to an “accumulate” rating in a research 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 price target on the stock in a research report on Friday, July 20th. TheStreet upgraded shares of Denbury Resources from a “d” rating to a “c-” rating in a research report on Wednesday, August 22nd. ValuEngine upgraded shares of Denbury Resources from a “sell” rating to a “hold” rating in a research report on Thursday, August 23rd. Finally, KLR Group restated a “hold” rating and issued a $5.00 price target on shares of Denbury Resources in a research report on Monday, August 20th. Nine analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $3.59.

In other news, CAO James S. Matthews sold 20,000 shares of the firm’s stock in a transaction dated 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 transaction, the chief accounting officer now directly 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 this hyperlink. 1.10% of the stock is currently owned by company insiders.

NYSE:DNR opened at $5.28 on Friday. The stock has a market cap of $2.52 billion, a PE 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. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 3.04.

Denbury Resources (NYSE:DNR) last released its quarterly earnings data on Tuesday, August 7th. The oil and natural gas company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates 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%. equities research analysts expect that Denbury Resources Inc. will post 0.47 EPS for the current year.

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

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