Marshall Wace North America L.P. lowered its stake in Denbury Resources Inc. (NYSE:DNR) by 96.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,922 shares of the oil and natural gas company’s stock after selling 1,264,221 shares during the period. Marshall Wace North America L.P.’s holdings in Denbury Resources were worth $102,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DNR. BlackRock Inc. grew its position in Denbury Resources by 15,599.0% in the first quarter. BlackRock Inc. now owns 47,422,302 shares of the oil and natural gas company’s stock worth $122,349,000 after acquiring an additional 47,120,229 shares in the last quarter. Vanguard Group Inc. lifted its stake in Denbury Resources by 18.3% in the first quarter. Vanguard Group Inc. now owns 56,483,974 shares of the oil and natural gas company’s stock worth $145,729,000 after purchasing an additional 8,753,615 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Denbury Resources by 146.4% in the first quarter. Dimensional Fund Advisors LP now owns 8,529,233 shares of the oil and natural gas company’s stock worth $22,004,000 after purchasing an additional 5,067,230 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its stake in Denbury Resources by 163.9% in the second 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 purchasing an additional 4,125,074 shares during the last quarter. Finally, Nomura Holdings Inc. bought a new stake in Denbury Resources in the first quarter worth about $7,407,000. Institutional investors own 86.45% of the company’s stock.

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Shares of Denbury Resources Inc. (NYSE DNR) opened at 1.25 on Friday. The company’s market cap is $487.38 million. The stock’s 50 day moving average is $1.21 and its 200 day moving average is $1.76. Denbury Resources Inc. has a 1-year low of $0.91 and a 1-year high of $4.29.

Denbury Resources (NYSE:DNR) last posted its quarterly earnings data on Tuesday, August 8th. The oil and natural gas company reported $0.00 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.02) by $0.02. The firm had revenue of $261.20 million during the quarter, compared to analysts’ expectations of $248.66 million. Denbury Resources had a negative net margin of 35.24% and a negative return on equity of 1.94%. The firm’s quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter last year, the company posted $0.08 EPS. On average, analysts predict that Denbury Resources Inc. will post $0.02 earnings per share for the current year.

DNR has been the subject of several analyst reports. BidaskClub downgraded shares of Denbury Resources from a “hold” rating to a “sell” rating in a research note on Monday, July 24th. Royal Bank Of Canada set a $2.00 price objective on shares of Denbury Resources and gave the stock a “hold” rating in a research note on Friday, August 25th. Credit Suisse Group reissued an “underperform” rating and issued a $2.00 price objective on shares of Denbury Resources in a research note on Friday, June 2nd. BMO Capital Markets decreased their price objective on shares of Denbury Resources from $2.00 to $1.00 and set a “no rating at time” rating for the company in a research note on Friday, July 14th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $2.50 price objective on shares of Denbury Resources in a research note on Friday, July 14th. Five equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $2.42.

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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