Voya Investment Management LLC Sells 80,048 Shares of Denbury Resources Inc. (DNR)

Voya Investment Management LLC decreased its position in Denbury Resources Inc. (NYSE:DNR) by 30.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 178,719 shares of the oil and natural gas company’s stock after selling 80,048 shares during the quarter. Voya Investment Management LLC’s holdings in Denbury Resources were worth $273,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Vanguard Group Inc. grew its position in shares of Denbury Resources by 18.3% during the first quarter. Vanguard Group Inc. now owns 56,483,974 shares of the oil and natural gas company’s stock worth $145,729,000 after buying an additional 8,753,615 shares in the last quarter. BlackRock Inc. grew its position in shares of Denbury Resources by 15,599.0% during the first quarter. BlackRock Inc. now owns 47,422,302 shares of the oil and natural gas company’s stock worth $122,349,000 after buying an additional 47,120,229 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Denbury Resources by 24.5% during the second quarter. JPMorgan Chase & Co. now owns 12,097,850 shares of the oil and natural gas company’s stock worth $18,510,000 after buying an additional 2,382,134 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Denbury Resources by 18.5% during the second quarter. Dimensional Fund Advisors LP now owns 10,103,099 shares of the oil and natural gas company’s stock worth $15,458,000 after buying an additional 1,573,866 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. grew its position in shares of Denbury Resources by 163.9% during the second quarter. Schwab Charles Investment Management Inc. now owns 6,641,359 shares of the oil and natural gas company’s stock worth $10,162,000 after buying an additional 4,125,074 shares in the last quarter. 86.49% of the stock is owned by institutional investors.

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A number of analysts have recently weighed in on DNR shares. Zacks Investment Research raised shares of Denbury Resources from a “hold” rating to a “buy” rating and set a $1.50 price target for the company in a research report on Tuesday, October 10th. Royal Bank Of Canada set a $2.00 price target on shares of Denbury Resources and gave the stock a “hold” rating in a research report on Friday, August 25th. BidaskClub downgraded shares of Denbury Resources from a “hold” rating to a “sell” rating in a research report on Monday, July 24th. KeyCorp reissued a “hold” rating on shares of Denbury Resources in a research report on Wednesday, September 6th. Finally, Imperial Capital started coverage on shares of Denbury Resources in a research report on Tuesday, October 3rd. They set an “in-line” rating and a $2.00 price target for the company. Four analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $1.94.

Denbury Resources Inc. (DNR) opened at $1.62 on Thursday. Denbury Resources Inc. has a one year low of $0.92 and a one year high of $4.29. The company has a debt-to-equity ratio of 5.91, a current ratio of 0.53 and a quick ratio of 0.53.

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

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.

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

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