TIAA CREF Investment Management LLC Reduces Position in Denbury Resources Inc. (NYSE:DNR)

TIAA CREF Investment Management LLC decreased its holdings in shares of Denbury Resources Inc. (NYSE:DNR) by 8.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,075,908 shares of the oil and natural gas company’s stock after selling 104,898 shares during the quarter. TIAA CREF Investment Management LLC owned about 0.28% of Denbury Resources worth $1,646,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of the business. Sei Investments Co. raised its holdings in Denbury Resources by 0.4% during the 2nd quarter. Sei Investments Co. now owns 268,469 shares of the oil and natural gas company’s stock valued at $411,000 after acquiring an additional 1,059 shares during the period. Texas Permanent School Fund increased its holdings in shares of Denbury Resources by 0.9% in the second quarter. Texas Permanent School Fund now owns 290,828 shares of the oil and natural gas company’s stock worth $445,000 after purchasing an additional 2,568 shares during the period. Teachers Advisors LLC increased its holdings in shares of Denbury Resources by 1.3% in the first quarter. Teachers Advisors LLC now owns 616,101 shares of the oil and natural gas company’s stock worth $1,590,000 after purchasing an additional 8,116 shares during the period. Principal Financial Group Inc. increased its holdings in shares of Denbury Resources by 0.4% in the second quarter. Principal Financial Group Inc. now owns 3,094,321 shares of the oil and natural gas company’s stock worth $4,735,000 after purchasing an additional 12,302 shares during the period. Finally, Endurance Wealth Management Inc. increased its holdings in shares of Denbury Resources by 2.2% in the second quarter. Endurance Wealth Management Inc. now owns 825,828 shares of the oil and natural gas company’s stock worth $1,263,000 after purchasing an additional 17,726 shares during the period. 86.49% of the stock is currently owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION NOTICE: This article was first posted by TrueBlueTribune and is the sole property of of TrueBlueTribune. If you are reading this article on another publication, it was copied illegally and reposted in violation of US & international trademark & copyright legislation. The original version of this article can be viewed at https://www.truebluetribune.com/2017/11/14/tiaa-cref-investment-management-llc-has-1-65-million-position-in-denbury-resources-inc-dnr.html.

Shares of Denbury Resources Inc. (NYSE:DNR) opened at $1.88 on Tuesday. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 5.91. Denbury Resources Inc. has a 1-year low of $0.92 and a 1-year high of $4.29.

Denbury Resources (NYSE:DNR) last issued its quarterly earnings data on Tuesday, November 7th. The oil and natural gas company reported $0.04 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.05. Denbury Resources had a negative net margin of 32.50% and a positive return on equity of 0.28%. The business had revenue of $266.56 million during the quarter, compared to analyst estimates of $261.84 million. Denbury Resources’s revenue for the quarter was up 4.9% compared to the same quarter last year. analysts expect that Denbury Resources Inc. will post 0.04 EPS for the current fiscal year.

A number of research analysts recently commented on the company. KeyCorp reissued a “hold” rating on shares of Denbury Resources in a research note on Monday. Stifel Nicolaus set a $1.00 target price on Denbury Resources and gave the company a “hold” rating in a research note on Friday, August 18th. Imperial Capital assumed coverage on Denbury Resources in a research note on Tuesday, October 3rd. They issued an “in-line” rating and a $2.00 target price on the stock. Royal Bank Of Canada reissued a “hold” rating and issued a $1.50 target price on shares of Denbury Resources in a research note on Friday, September 29th. Finally, Zacks Investment Research lowered shares of Denbury Resources from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 18th. Four research analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $1.94.

Denbury Resources 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.

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

Receive News & Ratings for Denbury Resources Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Denbury Resources Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply