Sterling Capital Management LLC purchased a new stake in Denbury Resources Inc. (NYSE:DNR) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 286,611 shares of the oil and natural gas company’s stock, valued at approximately $1,379,000. Sterling Capital Management LLC owned about 0.06% of Denbury Resources as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also modified their holdings of the company. Wells Fargo & Company MN increased its stake in shares of Denbury Resources by 7.4% in the first quarter. Wells Fargo & Company MN now owns 790,827 shares of the oil and natural gas company’s stock worth $2,167,000 after purchasing an additional 54,679 shares during the period. Rhumbline Advisers increased its stake in shares of Denbury Resources by 35.5% in the first quarter. Rhumbline Advisers now owns 1,281,574 shares of the oil and natural gas company’s stock worth $3,512,000 after purchasing an additional 335,636 shares during the period. Swiss National Bank increased its stake in shares of Denbury Resources by 7.1% in the first quarter. Swiss National Bank now owns 701,500 shares of the oil and natural gas company’s stock worth $1,922,000 after purchasing an additional 46,700 shares during the period. LSV Asset Management bought a new position in shares of Denbury Resources in the first quarter worth about $6,551,000. Finally, Thrivent Financial for Lutherans increased its stake in shares of Denbury Resources by 315.1% in the first quarter. Thrivent Financial for Lutherans now owns 1,048,622 shares of the oil and natural gas company’s stock worth $2,874,000 after purchasing an additional 796,032 shares during the period. 85.02% of the stock is owned by hedge funds and other institutional investors.

Shares of DNR opened at $5.28 on Monday. Denbury Resources Inc. has a 12-month low of $1.04 and a 12-month high of $5.84. The company has a debt-to-equity ratio of 3.04, a quick ratio of 0.43 and a current ratio of 0.43. The stock has a market cap of $2.52 billion, a P/E ratio of 37.71 and a beta of 3.39.

Denbury Resources (NYSE:DNR) last issued its quarterly earnings results on Tuesday, August 7th. The oil and natural gas company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.02. Denbury Resources had a return on equity of 25.74% and a net margin of 14.77%. The firm had revenue of $387.06 million for the quarter, compared to analyst estimates of $328.72 million. analysts anticipate that Denbury Resources Inc. will post 0.47 EPS for the current fiscal year.

DNR has been the topic of a number of recent analyst reports. ValuEngine lowered Denbury Resources from a “hold” rating to a “sell” rating in a research note on Monday, July 2nd. Royal Bank of Canada reiterated a “hold” rating and issued a $5.00 price objective on shares of Denbury Resources in a research note on Friday, July 13th. Zacks Investment Research upgraded Denbury Resources from a “hold” rating to a “buy” rating and set a $5.00 price objective on the stock in a research note on Friday, July 20th. Stifel Nicolaus boosted their price target on Denbury Resources from $1.30 to $4.60 and gave the company a “hold” rating in a research note on Wednesday, August 1st. Finally, Johnson Rice upgraded Denbury Resources from a “hold” rating to an “accumulate” rating in a research note on Wednesday, August 15th. Nine equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Denbury Resources presently has an average rating of “Hold” and an average price target of $3.59.

In related news, CAO James S. Matthews sold 20,000 shares of the business’s stock in a transaction dated Thursday, August 23rd. The stock was sold at an average price of $4.86, for a total transaction of $97,200.00. Following the transaction, the chief accounting officer now directly owns 459,949 shares in the company, valued at $2,235,352.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.10% of the company’s stock.

Denbury Resources Profile

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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