Russell Investments Group Ltd. Cuts Holdings in Denbury Inc. (NYSE:DEN)

Russell Investments Group Ltd. trimmed its holdings in shares of Denbury Inc. (NYSE:DEN – Get Rating) by 10.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,426 shares of the company’s stock after selling 2,499 shares during the quarter. Russell Investments Group Ltd.’s holdings in Denbury were worth $1,777,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Fox Run Management L.L.C. acquired a new stake in Denbury in the fourth quarter valued at approximately $970,000. FNY Investment Advisers LLC acquired a new stake in Denbury in the fourth quarter valued at approximately $195,000. Cohen & Steers Inc. acquired a new stake in Denbury in the third quarter valued at approximately $2,141,000. Taconic Capital Advisors LP boosted its stake in Denbury by 142.4% in the third quarter. Taconic Capital Advisors LP now owns 344,920 shares of the company’s stock valued at $29,753,000 after acquiring an additional 202,617 shares in the last quarter. Finally, Beck Bode LLC acquired a new stake in Denbury in the fourth quarter valued at approximately $1,247,000.

Insider Activity at Denbury

In related news, CAO Nicole H. Jennings sold 618 shares of the business’s stock in a transaction on Monday, March 13th. The shares were sold at an average price of $78.85, for a total transaction of $48,729.30. Following the completion of the transaction, the chief accounting officer now directly owns 60,443 shares in the company, valued at $4,765,930.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.02% of the stock is currently owned by insiders.

Denbury Trading Up 0.4 %

NYSE DEN opened at $91.39 on Tuesday. The company has a market capitalization of $4.60 billion, a PE ratio of 8.67 and a beta of 2.70. The company has a fifty day moving average of $88.96 and a 200 day moving average of $87.43. Denbury Inc. has a 1 year low of $56.59 and a 1 year high of $104.05. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.71 and a quick ratio of 0.71.

Denbury (NYSE:DEN – Get Rating) last posted its earnings results on Wednesday, May 3rd. The company reported $1.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.40 by ($0.04). The business had revenue of $341.02 million for the quarter, compared to analyst estimates of $336.21 million. Denbury had a net margin of 34.69% and a return on equity of 23.71%. The company’s revenue for the quarter was down 17.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.69 earnings per share. Research analysts forecast that Denbury Inc. will post 6.21 earnings per share for the current year.

Wall Street Analysts Forecast Growth

DEN has been the subject of several recent analyst reports. Roth Capital restated a “buy” rating on shares of Denbury in a research note on Thursday, February 23rd. Stifel Nicolaus lifted their price objective on shares of Denbury from $138.00 to $140.00 in a research note on Thursday, April 27th. Finally, TheStreet upgraded shares of Denbury from a “c” rating to a “b-” rating in a research note on Monday, March 27th. One research analyst has rated the stock with a sell rating and six have given a buy rating to the stock. Based on data from MarketBeat, Denbury currently has a consensus rating of “Moderate Buy” and an average price target of $103.57.

About Denbury

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Denbury Inc, an independent energy company, focuses on producing oil from mature oil fields in the Gulf Coast and Rocky Mountain regions. The company holds interests in various oil and natural gas properties located in Mississippi, Texas, and Louisiana in the Gulf Coast region; and in Montana, North Dakota, and Wyoming in the Rocky Mountain region.