Swiss National Bank Buys 17,500 Shares of Denbury Resources Inc. (NYSE:DNR)

Swiss National Bank grew its stake in shares of Denbury Resources Inc. (NYSE:DNR) by 2.1% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 856,800 shares of the oil and natural gas company’s stock after buying an additional 17,500 shares during the period. Swiss National Bank’s holdings in Denbury Resources were worth $1,062,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DNR. Piedmont Investment Advisors Inc. lifted its position in shares of Denbury Resources by 6.9% in the 1st quarter. Piedmont Investment Advisors Inc. now owns 117,152 shares of the oil and natural gas company’s stock worth $240,000 after acquiring an additional 7,572 shares during the period. Comerica Bank increased its position in shares of Denbury Resources by 2.5% during the first quarter. Comerica Bank now owns 456,635 shares of the oil and natural gas company’s stock valued at $1,142,000 after purchasing an additional 11,138 shares during the period. Texas Permanent School Fund raised its stake in shares of Denbury Resources by 3.7% in the first quarter. Texas Permanent School Fund now owns 312,633 shares of the oil and natural gas company’s stock valued at $641,000 after purchasing an additional 11,257 shares in the last quarter. IFG Advisory LLC acquired a new position in shares of Denbury Resources in the first quarter valued at $25,000. Finally, Nordea Investment Management AB lifted its position in Denbury Resources by 4.1% in the first quarter. Nordea Investment Management AB now owns 361,900 shares of the oil and natural gas company’s stock worth $742,000 after purchasing an additional 14,200 shares during the period. Institutional investors and hedge funds own 75.27% of the company’s stock.

In other news, insider Christian S. Kendall bought 100,000 shares of the stock in a transaction dated Wednesday, June 26th. The shares were acquired at an average price of $1.25 per share, with a total value of $125,000.00. Following the acquisition, the insider now owns 2,003,390 shares in the company, valued at $2,504,237.50. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.20% of the stock is currently owned by corporate insiders.

A number of research firms have weighed in on DNR. TheStreet downgraded shares of Denbury Resources from a “c-” rating to a “d+” rating in a research note on Thursday, May 23rd. UBS Group set a $2.00 price objective on shares of Denbury Resources and gave the stock a “hold” rating in a report on Thursday, June 20th. Royal Bank of Canada set a $2.00 price objective on shares of Denbury Resources and gave the stock a “hold” rating in a report on Monday, August 12th. Finally, Imperial Capital decreased their target price on shares of Denbury Resources from $3.00 to $2.00 and set an “in-line” rating on the stock in a research report on Thursday, June 6th. Two equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $3.54.

DNR stock traded up $0.14 during trading on Wednesday, hitting $1.50. The company had a trading volume of 226,680 shares, compared to its average volume of 11,095,879. The company has a fifty day moving average price of $1.07 and a two-hundred day moving average price of $1.57. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 1.98. The company has a market cap of $638.74 million, a P/E ratio of 3.13 and a beta of 3.37. Denbury Resources Inc. has a fifty-two week low of $0.87 and a fifty-two week high of $6.75.

Denbury Resources (NYSE:DNR) last released its quarterly earnings data on Wednesday, August 7th. The oil and natural gas company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.04. The firm had revenue of $343.36 million during the quarter, compared to analyst estimates of $331.52 million. Denbury Resources had a return on equity of 18.67% and a net margin of 27.05%. The business’s revenue for the quarter was down 11.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.13 earnings per share. On average, analysts expect that Denbury Resources Inc. will post 0.43 earnings per share for the current year.

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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