JPMorgan Chase & Co. grew its holdings in shares of Denbury Resources Inc. (NYSE:DNR) by 24.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,097,850 shares of the oil and natural gas company’s stock after purchasing an additional 2,382,134 shares during the period. JPMorgan Chase & Co. owned about 3.11% of Denbury Resources worth $18,510,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of DNR. Capstone Asset Management Co. increased its stake in Denbury Resources by 195.5% during the first quarter. Capstone Asset Management Co. now owns 71,238 shares of the oil and natural gas company’s stock worth $184,000 after purchasing an additional 47,130 shares during the period. Great West Life Assurance Co. Can increased its stake in Denbury Resources by 137.7% during the first quarter. Great West Life Assurance Co. Can now owns 556,369 shares of the oil and natural gas company’s stock worth $1,430,000 after purchasing an additional 322,290 shares during the period. First Trust Advisors LP purchased a new stake in Denbury Resources during the first quarter worth about $633,000. Bank of New York Mellon Corp increased its stake in Denbury Resources by 9.0% during the first quarter. Bank of New York Mellon Corp now owns 5,083,342 shares of the oil and natural gas company’s stock worth $13,114,000 after purchasing an additional 418,308 shares during the period. Finally, Comerica Bank increased its stake in Denbury Resources by 44.6% during the first quarter. Comerica Bank now owns 472,615 shares of the oil and natural gas company’s stock worth $1,063,000 after purchasing an additional 145,754 shares during the period. Institutional investors own 86.44% of the company’s stock.

Shares of Denbury Resources Inc. (NYSE DNR) opened at 1.20 on Friday. The stock’s market capitalization is $467.88 million. The company’s 50 day moving average is $1.20 and its 200-day moving average is $1.72. Denbury Resources Inc. has a 1-year low of $0.91 and a 1-year high of $4.29.

Denbury Resources (NYSE:DNR) last released its quarterly earnings results on Tuesday, August 8th. The oil and natural gas company reported $0.00 EPS for the quarter, topping the 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 return on equity of 1.94% and a negative net margin of 35.24%. Denbury Resources’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.08 EPS. Equities analysts anticipate that Denbury Resources Inc. will post $0.02 earnings per share for the current fiscal year.

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DNR has been the topic of a number of recent research reports. Credit Suisse Group reiterated an “underperform” rating and set a $2.00 price target on shares of Denbury Resources in a research note on Friday, June 2nd. ValuEngine lowered shares of Denbury Resources from a “hold” rating to a “sell” rating in a research note on Friday, June 2nd. BMO Capital Markets cut their price target on shares of Denbury Resources from $2.00 to $1.00 and set a “no rating at time” rating on the stock in a research note on Friday, July 14th. Stifel Nicolaus reiterated a “hold” rating and set a $2.50 price target on shares of Denbury Resources in a research note on Friday, July 14th. Finally, Zacks Investment Research lowered shares of Denbury Resources from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 18th. Five equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company’s stock. Denbury Resources currently has an average rating of “Hold” and an average price target 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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