Denbury Resources Inc. (DNR) Position Reduced by Nomura Holdings Inc.

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Nomura Holdings Inc. reduced its holdings in shares of Denbury Resources Inc. (NYSE:DNR) by 15.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 1,318,801 shares of the oil and natural gas company’s stock after selling 236,768 shares during the quarter. Nomura Holdings Inc.’s holdings in Denbury Resources were worth $2,257,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the stock. D.A. Davidson & CO. bought a new stake in shares of Denbury Resources in the fourth quarter valued at $34,000. PEAK6 Investments LLC bought a new stake in shares of Denbury Resources in the fourth quarter valued at $38,000. Los Angeles Capital Management & Equity Research Inc. bought a new stake in shares of Denbury Resources in the fourth quarter valued at $40,000. Strs Ohio bought a new stake in shares of Denbury Resources in the third quarter valued at $151,000. Finally, Augustine Asset Management Inc. bought a new stake in shares of Denbury Resources in the fourth quarter valued at $42,000. Institutional investors and hedge funds own 87.93% of the company’s stock.

Shares of NYSE DNR opened at $1.83 on Friday. The firm has a market capitalization of $842.61 million, a PE ratio of 3.81 and a beta of 3.58. Denbury Resources Inc. has a fifty-two week low of $1.39 and a fifty-two week high of $6.75. The company has a debt-to-equity ratio of 2.33, a current ratio of 0.81 and a quick ratio of 0.81.

Denbury Resources (NYSE:DNR) last announced its quarterly earnings results on Wednesday, February 27th. The oil and natural gas company reported $0.10 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.01. The company had revenue of $336.00 million during the quarter, compared to analysts’ expectations of $329.65 million. Denbury Resources had a return on equity of 23.95% and a net margin of 21.90%. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.12 earnings per share. As a group, equities research analysts predict that Denbury Resources Inc. will post 0.43 earnings per share for the current year.

Several brokerages have issued reports on DNR. Oppenheimer lowered Denbury Resources from an “outperform” rating to a “hold” rating and set a $9.00 target price on the stock. in a research note on Friday, November 30th. Zacks Investment Research lowered Denbury Resources from a “buy” rating to a “hold” rating in a research note on Monday, January 14th. Capital One Financial lowered Denbury Resources from an “overweight” rating to an “underweight” rating in a research note on Thursday, December 20th. Johnson Rice lowered Denbury Resources from an “accumulate” rating to a “hold” rating in a research note on Tuesday, January 8th. Finally, Stephens started coverage on Denbury Resources in a research note on Thursday, December 6th. They issued a “weight” rating and a $4.00 target price on the stock. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $4.61.

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About Denbury Resources

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.

See Also: Growth Stocks

Want to see what other hedge funds are holding DNR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Denbury Resources Inc. (NYSE:DNR).

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

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