Great Lakes Advisors LLC boosted its position in Denbury Inc. (NYSE:DEN – Free Report) by 58.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 183,707 shares of the company’s stock after purchasing an additional 68,018 shares during the period. Great Lakes Advisors LLC owned approximately 0.36% of Denbury worth $15,847,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. Belpointe Asset Management LLC lifted its position in Denbury by 115.0% in the first quarter. Belpointe Asset Management LLC now owns 329 shares of the company’s stock worth $29,000 after purchasing an additional 176 shares during the period. Captrust Financial Advisors lifted its position in Denbury by 31.8% in the second quarter. Captrust Financial Advisors now owns 527 shares of the company’s stock worth $32,000 after purchasing an additional 127 shares during the period. NewEdge Advisors LLC acquired a new stake in Denbury in the first quarter worth approximately $40,000. Signaturefd LLC lifted its position in Denbury by 3,820.0% in the first quarter. Signaturefd LLC now owns 588 shares of the company’s stock worth $52,000 after purchasing an additional 573 shares during the period. Finally, Ameritas Advisory Services LLC acquired a new stake in Denbury in the first quarter worth approximately $116,000.
Wall Street Analyst Weigh In
DEN has been the topic of several research reports. Stifel Nicolaus upped their price target on Denbury from $86.00 to $93.00 and gave the company a “hold” rating in a report on Friday, August 11th. Jefferies Financial Group cut Denbury from a “buy” rating to a “hold” rating and set a $91.00 price target on the stock. in a report on Monday, August 28th. Capital One Financial cut Denbury from an “overweight” rating to an “equal weight” rating in a report on Tuesday, July 25th. Finally, Johnson Rice cut Denbury from an “accumulate” rating to a “hold” rating in a report on Friday, July 21st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $95.50.
Denbury Price Performance
Shares of NYSE:DEN opened at $88.66 on Friday. The company has a market cap of $4.56 billion, a P/E ratio of 9.90 and a beta of 2.41. The company’s fifty day moving average is $92.76 and its two-hundred day moving average is $90.22. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.05. Denbury Inc. has a 12-month low of $75.33 and a 12-month high of $100.65.
Denbury Inc operates as an independent energy company in the Gulf Coast and Rocky Mountain regions. It 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.
- Five stocks we like better than Denbury
- What is the Nikkei 225 index?
- MarketBeat Week in Review – 11/13 – 11/17
- How to Capture the Benefits of Dividend Increases
- 3 large caps with red hot RSIs with upside
- ESG Stocks, What Investors Should Know
- Johnson Controls International: Nothing but upside for investors
Receive News & Ratings for Denbury Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Denbury and related companies with MarketBeat.com's FREE daily email newsletter.