Marathon Asset Management Lp adds Denbury Resources (DNR) to its portfolio

Denbury Resources (DNR) : Marathon Asset Management Lp added new position in Denbury Resources during the most recent quarter end. The investment management firm now holds 73,425 shares of Denbury Resources which is valued at $214,401 , the company said in a statement filed on Nov 14, 2016 with the SEC.Denbury Resources makes up approximately 0.50% of Marathon Asset Management Lp’s portfolio.

Other Hedge Funds, Including , Group One Trading reduced its stake in DNR by selling 194,624 shares or 68.75% in the most recent quarter. The Hedge Fund company now holds 88,481 shares of DNR which is valued at $258,365. Denbury Resources makes up approx 0.02% of Group One Trading’s portfolio.Municipal Employees’ Retirement System Of Michigan boosted its stake in DNR in the latest quarter, The investment management firm added 2,230 additional shares and now holds a total of 157,400 shares of Denbury Resources which is valued at $413,962. Denbury Resources makes up approx 0.02% of Municipal Employees’ Retirement System Of Michigan’s portfolio.South Texas Money Management Ltd reduced its stake in DNR by selling 5,000 shares or 4.54% in the most recent quarter. The Hedge Fund company now holds 105,051 shares of DNR which is valued at $253,173. Denbury Resources makes up approx 0.01% of South Texas Money Management Ltd’s portfolio.Texas Permanent School Fund boosted its stake in DNR in the latest quarter, The investment management firm added 35,371 additional shares and now holds a total of 303,442 shares of Denbury Resources which is valued at $785,915. Denbury Resources makes up approx 0.01% of Texas Permanent School Fund’s portfolio.

Denbury Resources opened for trading at $3.02 and hit $3.1 on the upside on Monday, eventually ending the session at $3.02, with a gain of 0.67% or 0.02 points. The heightened volatility saw the trading volume jump to 92,97,245 shares. Company has a market cap of $1,203 M.

On the company’s financial health, Denbury Resources reported $0.08 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $0.02. The company had revenue of $255.10 million for the quarter, compared to analysts expectations of $299.91 million. The company’s revenue was down -32.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.13 EPS.

Denbury Resources Inc. is an independent oil and natural gas company. The Company’s operations are focused in two operating areas: the Gulf Coast and Rocky Mountain regions. The Company’s 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. The Company’s primary Gulf Coast CO2 source is Jackson Dome. The Company’s mature group of properties includes the initial CO2 field Little Creek as well as several other fields including Brookhaven Cranfield Eucutta Lockhart Crossing Mallalieu Martinville McComb and Soso fields. The Company also holds interest in the 183-mile NEJD CO2 pipeline that runs from Jackson Dome to near Donaldsonville Louisiana.

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