Northwestern Mutual Investment Management Company LLC Has $217,000 Position in Denbury Resources Inc. (DNR)
Northwestern Mutual Investment Management Company LLC continued to hold its stake in shares of Denbury Resources Inc. (NYSE:DNR) during the second quarter, according to its most recent disclosure with the SEC. The firm owned 60,525 shares of the company’s stock at the end of the second quarter. Northwestern Mutual Investment Management Company LLC’s holdings in Denbury Resources were worth $217,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. Norges Bank purchased a new stake in shares of Denbury Resources during the fourth quarter valued at $7,795,000. Aperio Group LLC boosted its stake in shares of Denbury Resources by 47.4% in the first quarter. Aperio Group LLC now owns 212,466 shares of the company’s stock valued at $472,000 after buying an additional 68,345 shares during the last quarter. Icon Advisers Inc. Co. boosted its stake in shares of Denbury Resources by 28.7% in the first quarter. Icon Advisers Inc. Co. now owns 1,675,900 shares of the company’s stock valued at $3,720,000 after buying an additional 373,700 shares during the last quarter. TIAA CREF Investment Management LLC boosted its stake in shares of Denbury Resources by 48.0% in the first quarter. TIAA CREF Investment Management LLC now owns 1,630,232 shares of the company’s stock valued at $3,619,000 after buying an additional 528,379 shares during the last quarter. Finally, FDO Partners LLC purchased a new stake in shares of Denbury Resources during the first quarter valued at $441,000. 90.47% of the stock is owned by institutional investors.
Shares of Denbury Resources Inc. (NYSE:DNR) opened at 3.15 on Friday. The firm’s 50-day moving average is $3.01 and its 200-day moving average is $3.31. The company’s market capitalization is $1.17 billion. Denbury Resources Inc. has a 1-year low of $0.86 and a 1-year high of $4.80.
Denbury Resources (NYSE:DNR) last posted its quarterly earnings data on Thursday, August 4th. The company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.02 by $0.06. The company earned $255.15 million during the quarter, compared to analyst estimates of $285.70 million. Denbury Resources had a negative net margin of 361.13% and a positive return on equity of 6.04%. Denbury Resources’s quarterly revenue was down 32.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.13 earnings per share. Analysts forecast that Denbury Resources Inc. will post ($0.01) earnings per share for the current fiscal year.
Several brokerages have weighed in on DNR. Barclays PLC cut shares of Denbury Resources from an “equal weight” rating to an “underweight” rating and dropped their price target for the company from $3.00 to $2.50 in a research report on Wednesday, August 10th. Zacks Investment Research raised shares of Denbury Resources from a “hold” rating to a “buy” rating and set a $5.00 price target for the company in a research report on Tuesday, June 21st. Finally, Stifel Nicolaus upgraded shares of Denbury Resources from a “sell” rating to a “hold” rating in a report on Wednesday, June 15th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $2.70.
In other Denbury Resources news, Director Greg Mcmichael sold 10,000 shares of Denbury Resources stock in a transaction on Monday, August 15th. The shares were sold at an average price of $3.13, for a total transaction of $31,300.00. Following the completion of the transaction, the director now directly owns 89,379 shares of the company’s stock, valued at $279,756.27. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.86% of the company’s stock.
Denbury Resources Company Profile
Denbury Resources Inc is an independent oil and natural gas company. The Company’s operations are focused on 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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