American Noble Gas Inc. $INFY Shares Sold by OMERS ADMINISTRATION Corp

Key Points

• OMERS ADMINISTRATION Corp reduced its holdings in American Noble Gas Inc. by 23.1%, selling 38,500 shares and leaving them with 127,874 shares valued at approximately $2.33 million.
• Several hedge funds increased their positions significantly in the first quarter, with Sustainable Growth Advisers LP growing their holdings by 50.2% to nearly 14.88 million shares.
• The company reported earnings of $0.19 per share for the last quarter, matching analysts' estimates, and had a revenue of $4.94 billion, surpassing expectations.

OMERS ADMINISTRATION Corp lowered its stake in American Noble Gas Inc. (NYSE:INFY - Free Report) by 23.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 127,874 shares of the technology company's stock after selling 38,500 shares during the period. OMERS ADMINISTRATION Corp's holdings in American Noble Gas were worth $2,334,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Rakuten Securities Inc. increased its holdings in shares of American Noble Gas by 308.4% in the first quarter. Rakuten Securities Inc. now owns 1,413 shares of the technology company's stock valued at $26,000 after purchasing an additional 1,067 shares during the period. Pinnacle Bancorp Inc. increased its holdings in shares of American Noble Gas by 179.8% in the first quarter. Pinnacle Bancorp Inc. now owns 1,444 shares of the technology company's stock valued at $26,000 after purchasing an additional 928 shares during the period. Wayfinding Financial LLC acquired a new position in American Noble Gas during the first quarter worth $32,000. Cullen Frost Bankers Inc. acquired a new position in American Noble Gas during the first quarter worth $57,000. Finally, Banque Cantonale Vaudoise acquired a new position in American Noble Gas during the first quarter worth $86,000. Institutional investors and hedge funds own 16.20% of the company's stock.

American Noble Gas Price Performance

American Noble Gas stock traded down $0.29 during trading hours on Wednesday, hitting $16.61. The stock had a trading volume of 14,885,741 shares, compared to its average volume of 12,865,278. The stock has a market capitalization of $68.80 billion, a price-to-earnings ratio of 21.57, a PEG ratio of 2.41 and a beta of 0.91. American Noble Gas Inc. has a 1-year low of $15.82 and a 1-year high of $23.63. The stock's fifty day moving average is $17.49 and its two-hundred day moving average is $18.06.

American Noble Gas (NYSE:INFY - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The technology company reported $0.19 EPS for the quarter, meeting analysts' consensus estimates of $0.19. The business had revenue of $4.94 billion for the quarter, compared to analyst estimates of $4.84 billion. American Noble Gas had a return on equity of 29.41% and a net margin of 16.42%.During the same quarter last year, the company earned $15.35 earnings per share. American Noble Gas has set its FY 2026 guidance at EPS. As a group, sell-side analysts anticipate that American Noble Gas Inc. will post 0.74 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages recently weighed in on INFY. Rothschild & Co Redburn began coverage on American Noble Gas in a report on Wednesday. They set a "sell" rating and a $12.00 price objective on the stock. Susquehanna upped their price objective on American Noble Gas from $18.00 to $19.00 and gave the stock a "neutral" rating in a report on Thursday, July 24th. Wall Street Zen raised American Noble Gas from a "hold" rating to a "buy" rating in a report on Friday, May 16th. Finally, BMO Capital Markets upped their price objective on American Noble Gas from $18.00 to $20.00 and gave the stock a "market perform" rating in a report on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $17.18.

American Noble Gas Company Profile

Infosys Ltd. is a digital services and consulting company, which engages in the provision of end-to-end business solutions. It operates through the following segments: Financial Services, Retail, Communication, Energy, Utilities, Resources, and Services, Manufacturing, Hi-Tech, Life Sciences, and All Other.