Teachers Retirement System of The State of Kentucky raised its position in shares of Denbury Resources Inc. (NYSE:DNR) by 144.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 86,950 shares of the oil and natural gas company’s stock after buying an additional 51,350 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Denbury Resources were worth $224,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in DNR. BlackRock Inc. increased its position in shares of 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 buying an additional 47,120,229 shares in the last quarter. Vanguard Group Inc. increased its position in shares of 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 buying an additional 8,753,615 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of 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 buying an additional 5,067,230 shares in the last quarter. Nomura Holdings Inc. acquired a new position in shares of Denbury Resources during the first quarter worth $7,407,000. Finally, Ameriprise Financial Inc. increased its position in shares of Denbury Resources by 187.1% in the first quarter. Ameriprise Financial Inc. now owns 3,041,471 shares of the oil and natural gas company’s stock worth $7,847,000 after buying an additional 1,982,076 shares in the last quarter. 90.26% of the stock is owned by institutional investors and hedge funds.

Shares of Denbury Resources Inc. (NYSE:DNR) traded up 1.44% during midday trading on Friday, hitting $1.41. 5,534,067 shares of the company traded hands. The company has a 50-day moving average price of $1.46 and a 200-day moving average price of $2.14. Denbury Resources Inc. has a 52 week low of $1.27 and a 52 week high of $4.29. The stock’s market capitalization is $549.76 million.

Denbury Resources (NYSE:DNR) last released 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 for the quarter, compared to analyst estimates of $248.66 million. Denbury Resources had a negative net margin of 35.24% and a negative return on equity of 1.94%. The business’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.08 earnings per share. Analysts anticipate that Denbury Resources Inc. will post $0.01 earnings per share for the current fiscal year.

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A number of equities analysts have weighed in on DNR shares. Credit Suisse Group reaffirmed an “underperform” rating and set a $2.00 target price on shares of Denbury Resources in a research note on Friday, June 2nd. BidaskClub downgraded shares of Denbury Resources from a “hold” rating to a “sell” rating in a research note on Monday, July 24th. BMO Capital Markets decreased their target price 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. Zacks Investment Research downgraded shares of Denbury Resources from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 18th. Finally, ValuEngine downgraded shares of Denbury Resources from a “hold” rating to a “sell” rating in a research note on Friday, June 2nd. Five research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $2.66.

About Denbury Resources

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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