LSV Asset Management Buys 190,600 Shares of Denbury Resources Inc. (DNR)
LSV Asset Management boosted its stake in Denbury Resources Inc. (NYSE:DNR) by 9.1% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 2,278,976 shares of the oil and natural gas company’s stock after purchasing an additional 190,600 shares during the period. LSV Asset Management’s holdings in Denbury Resources were worth $14,129,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently modified their holdings of the company. Everence Capital Management Inc. acquired a new position in Denbury Resources in the 2nd quarter valued at about $117,000. LPL Financial LLC increased its position in Denbury Resources by 33.5% in the 1st quarter. LPL Financial LLC now owns 54,094 shares of the oil and natural gas company’s stock valued at $148,000 after acquiring an additional 13,577 shares during the period. Advisor Partners LLC acquired a new position in Denbury Resources in the 2nd quarter valued at about $151,000. Strs Ohio acquired a new position in Denbury Resources in the 3rd quarter valued at about $151,000. Finally, CIBC Private Wealth Group LLC increased its position in Denbury Resources by 41.5% in the 2nd quarter. CIBC Private Wealth Group LLC now owns 40,900 shares of the oil and natural gas company’s stock valued at $197,000 after acquiring an additional 12,000 shares during the period. Hedge funds and other institutional investors own 93.35% of the company’s stock.
In other Denbury Resources news, CAO James S. Matthews sold 20,000 shares of Denbury Resources stock in a transaction that occurred on Thursday, August 23rd. The stock was sold at an average price of $4.86, for a total value of $97,200.00. Following the sale, the chief accounting officer now owns 459,949 shares of the company’s stock, valued at approximately $2,235,352.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.10% of the stock is currently owned by insiders.
Shares of DNR opened at $2.24 on Wednesday. Denbury Resources Inc. has a twelve month low of $1.53 and a twelve month high of $6.75. The company has a market capitalization of $1.13 billion, a price-to-earnings ratio of 4.90 and a beta of 3.74. The company has a debt-to-equity ratio of 2.80, a quick ratio of 0.55 and a current ratio of 0.55.
Denbury Resources (NYSE:DNR) last announced its quarterly earnings data on Thursday, November 8th. The oil and natural gas company reported $0.13 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.02. Denbury Resources had a return on equity of 27.79% and a net margin of 18.81%. The company had revenue of $395.00 million for the quarter, compared to analyst estimates of $348.39 million. During the same quarter in the previous year, the company earned $0.04 EPS. The firm’s revenue for the quarter was up 48.2% compared to the same quarter last year. Analysts expect that Denbury Resources Inc. will post 0.48 EPS for the current year.
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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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