5 Best US Stocks to Buy Now

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1. Denbury Inc. (NYSE:DEN)

Number of Hedge Fund Holders: 32

Denbury Inc. (NYSE:DEN) was incorporated in 2003 and is headquartered in Plano, Texas, operating as an independent energy company in the Gulf Coast and Rocky Mountain regions. The company also owns interests in multiple oil and natural gas properties located in the United States. 

Roth Capital analyst John White upgraded Denbury Inc. (NYSE:DEN) to Buy from Neutral ahead of the company’s earnings report, citing higher crude oil futures and lower debt levels for raising the price target on the shares to $87.75 from $78.75. The company’s balance sheet is “in great shape” and he sees further longer-term upside from Denbury Inc. (NYSE:DEN)’s growing CCUS effort, the analyst added.

On February 24, Denbury Inc. (NYSE:DEN) reported its fourth quarter results, posting a GAAP EPS of $2.19, beating estimates by $1.44. Revenue jumped 83.64% year-over-year to $361.90 million, outperforming estimates by $47.95 million. 

According to Insider Monkey’s Q4 database, Edward A. Mule’s Silver Point Capital is the leading stakeholder of Denbury Inc. (NYSE:DEN), with 3.8 million shares worth $292.5 million. Overall, 32 hedge funds reported owning stakes worth more than $1 billion in Denbury Inc. (NYSE:DEN) at the end of December 2021.

You can also take a look at 10 Dividend Growth Stocks Popular on Robinhood and 10 Dividend Paying Consumer Defensive Stocks

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