Denbury Res INC (DNR) Shareholder Elm Ridge Management LLC Has Increased Position

January 23, 2018 - By marketbeat

Investors sentiment increased to 1.11 in Q3 2017. Its up 0.31, from 0.8 in 2017Q2. It is positive, as 19 investors sold DNR shares while 53 reduced holdings. 29 funds opened positions while 51 raised stakes. 321.52 million shares or 7.26% less from 346.71 million shares in 2017Q2 were reported. Hsbc Public Ltd Com owns 0% invested in Denbury Resources Inc. (NYSE:DNR) for 156,140 shares. Matarin Cap Mngmt Ltd Liability Company reported 0.01% stake. Rafferty Asset Mngmt Ltd Llc reported 688,178 shares stake. Pub Employees Retirement Sys Of Ohio has 0% invested in Denbury Resources Inc. (NYSE:DNR) for 163,719 shares. Texan Cap accumulated 0.02% or 25,600 shares. State Common Retirement Fund stated it has 365,300 shares. 163,300 were reported by Louisiana State Employees Retirement System. The Kansas-based Creative Planning has invested 0% in Denbury Resources Inc. (NYSE:DNR). 17.32M are owned by Fmr Ltd Co. Kennedy Capital Mgmt, Missouri-based fund reported 22,340 shares. Fisher Asset Mngmt Ltd Liability Corp invested in 0% or 10,000 shares. Texas Permanent School Fund reported 294,242 shares or 0.01% of all its holdings. Jpmorgan Chase And accumulated 12.05 million shares. Moreover, Tower Ltd Liability (Trc) has 0.01% invested in Denbury Resources Inc. (NYSE:DNR). Teachers Retirement Sys Of The State Of Kentucky holds 0% of its portfolio in Denbury Resources Inc. (NYSE:DNR) for 96,950 shares.

Ron Gutfleish increased its stake in Denbury Res Inc (DNR) by 428.88% based on its latest 2017Q3 regulatory filing with the SEC. Elm Ridge Management Llc bought 3.86 million shares as the company’s stock declined 45.31% while stock markets rallied. The hedge fund run by Ron Gutfleish held 4.76 million shares of the oil & gas production company at the end of 2017Q3, valued at $6.38M, up from 900,000 at the end of the previous reported quarter. Elm Ridge Management Llc who had been investing in Denbury Res Inc for a number of months, seems to be bullish on the $973.05M market cap company. The stock increased 1.64% or $0.04 during the last trading session, reaching $2.48. About 5.77M shares traded. Denbury Resources Inc. (NYSE:DNR) has declined 56.25% since January 23, 2017 and is downtrending. It has underperformed by 72.95% the S&P500.

Elm Ridge Management Llc, which manages about $1.38 billion and $237.62M US Long portfolio, decreased its stake in Rollins Inc (Put) (NYSE:ROL) by 88,110 shares to 890 shares, valued at $4.11 million in 2017Q3, according to the filing.

More notable recent Denbury Resources Inc. (NYSE:DNR) news were published by: Seekingalpha.com which released: “Denbury Resources: Debt Progress” on January 17, 2018, also Zacks.com with their article: “Why Denbury Resources (DNR) Could Be Positioned for a Surge December 28, 2017” published on December 28, 2017, Zacks.com published: “Here’s Why it is Worth Investing in Denbury Resources Now” on January 12, 2018. More interesting news about Denbury Resources Inc. (NYSE:DNR) were released by: Zacks.com and their article: “Why Denbury Resources (DNR) Could Beat Earnings Estimates Again January 10, 2018” published on January 10, 2018 as well as Prnewswire.com‘s news article titled: “What’s Happening With These Independent Oil & Gas Stocks? — Denbury Resources …” with publication date: January 23, 2018.

Denbury Resources Inc. (NYSE:DNR) Ratings Coverage

Among 12 analysts covering Denbury Resources Inc. (NYSE:DNR), 1 have Buy rating, 3 Sell and 8 Hold. Therefore 8% are positive. Denbury Resources Inc. has $8 highest and $0.75 lowest target. $2.67’s average target is 7.66% above currents $2.48 stock price. Denbury Resources Inc. had 38 analyst reports since July 22, 2015 according to SRatingsIntel. RBC Capital Markets maintained the stock with “Hold” rating in Thursday, August 24 report. The rating was downgraded by Cowen & Co to “Market Perform” on Tuesday, September 8. The stock of Denbury Resources Inc. (NYSE:DNR) has “Sector Perform” rating given on Monday, February 22 by RBC Capital Markets. The stock has “Hold” rating by KeyBanc Capital Markets on Tuesday, September 5. The firm has “Sell” rating by UBS given on Friday, October 2. The firm has “Buy” rating given on Tuesday, January 16 by Mizuho. The firm has “Hold” rating given on Wednesday, June 15 by Stifel Nicolaus. BMO Capital Markets maintained Denbury Resources Inc. (NYSE:DNR) on Thursday, November 9 with “Hold” rating. The firm has “Hold” rating given on Friday, August 18 by Stifel Nicolaus. KeyBanc Capital Markets initiated Denbury Resources Inc. (NYSE:DNR) on Tuesday, April 26 with “Sector Perform” rating.

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