Today, Louisiana State Employees Retirement System decides to keep it stake in Denbury Resources Inc. (DNR) to the level of $333,000

Today, Louisiana State Employees Retirement System decides to keep it stake in Denbury Resources Inc. (DNR) to the level of $333,000
Louisiana State Employees Retirement System raised its stake in Denbury Resources Inc. (NYSE:DNR) by 10.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 103,100 shares of the company’s stock after buying an additional 9,900 shares during the period. Louisiana State Employees Retirement System’s holdings in Denbury Resources were worth $333,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Clinton Group Inc. increased its position in shares of Denbury Resources by 83.6% in the second quarter. Clinton Group Inc. now owns 28,493 shares of the company’s stock valued at $102,000 after buying an additional 12,970 shares in the last quarter. Oakbrook Investments LLC increased its position in shares of Denbury Resources by 80.5% in the second quarter. Oakbrook Investments LLC now owns 28,700 shares of the company’s stock valued at $103,000 after buying an additional 12,800 shares in the last quarter. World Asset Management Inc increased its position in shares of Denbury Resources by 6.6% in the second quarter. World Asset Management Inc now owns 29,375 shares of the company’s stock valued at $105,000 after buying an additional 1,829 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new position in shares of Denbury Resources during the second quarter valued at about $109,000. Finally, Acrospire Investment Management LLC acquired a new position in shares of Denbury Resources during the second quarter valued at about $111,000. Institutional investors and hedge funds own 90.88% of the company’s stock.

Denbury Resources Inc. (NYSE:DNR) traded down 2.48% on Friday, hitting $3.15. The company’s stock had a trading volume of 3,114,687 shares. Denbury Resources Inc. has a 1-year low of $0.86 and a 1-year high of $4.80. The company’s market capitalization is $1.22 billion. The company has a 50 day moving average price of $2.83 and a 200-day moving average price of $3.28.

Several equities analysts have recently issued reports on the company. Zacks Investment Research upgraded Denbury Resources from a “hold” rating to a “buy” rating and set a $3.50 price objective for the company in a research report on Tuesday. Barclays PLC downgraded Denbury Resources from an “equal weight” rating to an “underweight” rating and reduced their price objective for the stock from $3.00 to $2.50 in a research report on Wednesday, August 10th. Mizuho initiated coverage on Denbury Resources in a research report on Wednesday, October 5th. They set a “neutral” rating and a $3.00 price objective for the company. Nomura restated a “sell” rating and issued a $3.00 target price on shares of Denbury Resources in a research report on Monday, November 7th. Finally, Johnson Rice restated a “hold” rating on shares of Denbury Resources in a research report on Tuesday, October 18th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. Denbury Resources currently has an average rating of “Hold” and a consensus target price of $2.59.

Denbury Resources Company Profile

Denbury Resources Inc is an independent oil and natural gas company. The Company’s operations are focused on 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.

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