Denbury Resources Inc. (DNR) Appeal to Institutional Investors?

Denbury Resources Inc. (NYSE:DNR) enjoyed a 57.55% run-up in share price since hitting record low of $1.39. The stock managed 11.17% rise and now stands at $2.19 as of 01/04/2019. At recent session, the prices were hovering between $2.05 and $2.2. This company shares are 90.41% off its target price of $4.17 and the current market capitalization stands at $902.7M. The recent change has given its price a -16.47% deficit over SMA 50 and -67.56% deficit over its 52-week high. The stock witnessed -12.75% declines, -66.87% declines and -54.18% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found DNR’s volatility during a week at 12.76% and during a month it has been found around 11.19%.

Denbury Resources Inc. (DNR) Top Holders

Institutional investors currently hold around $886 million or 93.5% in DNR stock. Look at its top three institutional owners. Blackrock Inc. owns $144.49 million in Denbury Resources Inc., which represents roughly 16.01% of the company’s market cap and approximately 16.31% of the institutional ownership. Similar statistics are true for the second largest owner, Vanguard Group Inc, which owns 61,830,605 shares of the stock are valued at $135.41 million. The third largest holder is Fmr Llc, which currently holds $62.03 million worth of this stock and that ownership represents nearly 6.87% of its market capitalization.

Denbury Resources Inc. 13F Filings

At the end of September reporting period, 154 institutional holders increased their position in Denbury Resources Inc. (NYSE:DNR) by some 69,594,587 shares, 91 decreased positions by 54,649,695 and 38 held positions by 280,231,181. That puts total institutional holdings at 404,475,463 shares, according to SEC filings. The stock grabbed 44 new institutional investments totaling 7,001,845 shares while 27 institutional investors sold out their entire positions totaling 35,831,452 shares.

Denbury Resources Inc. (NYSE:DNR) Insider Trades

Multiple company employees have indulged in significant insider trading. Denbury Resources Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that EVP, CAO, GC & Sec’y Matthews James S. has sold 20,000 shares of Denbury Resources Inc. (DNR) in trading session dated Aug. 23, 2018. These shares are worth $97,200 and were traded at $4.86 each. The SEC filing shows that Mcmichael Greg performed a sale of 40,000 shares. The Director disposed these shares by way of transaction on Jun. 05, 2018. The company’s shares were given away at $4.25 per share worth to an income of some $170,000 on account of Mcmichael Greg.

Director, Sugg Laura A, sold 12,500 common shares of Denbury Resources Inc. (DNR) in the open market. In a transaction dated May. 07, 2018, the shares were put up for sale at an average price of $3.55, raking in a sum of $44,375. After this sale, 115,841 common shares of DNR are directly owned by the insider, with total stake valued at $253,692.

In the transaction dated Apr. 19, 2018, the great number of shares disposed came courtesy the Director; Sugg Laura A disposed a total of 12,500 shares at an average price of $3.26, amounting to approximately $40,750. The insider now directly owns 128,341 shares worth $281,067.

Denbury Resources Inc. (DNR) Analyst Guide

Several analysts have released their opinion on Denbury Resources Inc. (NYSE:DNR), with 0 analysts believing it is a strong buy. Whereas 7 of them predict the stock is a hold. Also, there are 2 buy, 2 sell and 0 strong sell ratings, collectively assigning a 3 average brokerage recommendation.