Swiss National Bank Grows Stake in Denbury Resources Inc. (DNR)

Swiss National Bank grew its holdings in shares of Denbury Resources Inc. (NYSE:DNR) by 9.6% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 768,600 shares of the oil and natural gas company’s stock after purchasing an additional 67,100 shares during the quarter. Swiss National Bank owned approximately 0.17% of Denbury Resources worth $4,765,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Strs Ohio purchased a new stake in Denbury Resources in the 3rd quarter worth approximately $151,000. Victory Capital Management Inc. purchased a new stake in Denbury Resources in the 3rd quarter worth approximately $234,000. CIBC Private Wealth Group LLC increased its holdings 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 worth $197,000 after acquiring an additional 12,000 shares in the last quarter. Sigma Planning Corp purchased a new stake in Denbury Resources in the 2nd quarter worth approximately $256,000. Finally, Penserra Capital Management LLC increased its holdings in Denbury Resources by 161.0% in the 3rd quarter. Penserra Capital Management LLC now owns 59,244 shares of the oil and natural gas company’s stock worth $367,000 after acquiring an additional 36,548 shares in the last quarter. 87.60% of the stock is owned by hedge funds and other institutional investors.

Shares of DNR opened at $2.26 on Monday. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 2.80. Denbury Resources Inc. has a 1 year low of $1.53 and a 1 year high of $6.75. The company has a market cap of $1.04 billion, a price-to-earnings ratio of 16.14 and a beta of 3.76.

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 (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.02. Denbury Resources had a net margin of 18.81% and a return on equity of 27.79%. The business had revenue of $395.00 million during the quarter, compared to analyst estimates of $348.39 million. During the same period last year, the firm posted $0.04 EPS. The company’s revenue was up 48.2% on a year-over-year basis. Analysts forecast that Denbury Resources Inc. will post 0.48 earnings per share for the current fiscal year.

Several equities research analysts recently issued reports on the stock. Zacks Investment Research lowered shares of Denbury Resources from a “buy” rating to a “hold” rating in a report on Tuesday, October 9th. Oppenheimer assumed coverage on shares of Denbury Resources in a report on Wednesday, October 3rd. They issued an “outperform” rating and a $9.00 target price for the company. TheStreet raised shares of Denbury Resources from a “d” rating to a “c-” rating in a report on Wednesday, August 22nd. ValuEngine raised shares of Denbury Resources from a “sell” rating to a “hold” rating in a report on Thursday, August 23rd. Finally, KLR Group reissued a “hold” rating and issued a $5.00 target price on shares of Denbury Resources in a report on Monday, August 20th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $4.84.

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Denbury Resources Company 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.

Read More: What is an Initial Public Offering (IPO)?

Institutional Ownership by Quarter for Denbury Resources (NYSE:DNR)

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