American Noble Gas Inc. $INFY Shares Sold by Rhumbline Advisers

Key Points

• Rhumbline Advisers reduced its stake in American Noble Gas Inc. (NYSE: INFY) by 19.6%, selling 140,477 shares to now hold a total of 575,246 shares, valued at approximately $10.5 million.
• Several institutional investors, including Rakuten Securities and Pinnacle Bancorp, significantly increased their holdings in the company, reflecting investor interest in American Noble Gas.
• American Noble Gas reported a quarterly earnings per share (EPS) of $0.19, meeting analysts' expectations, with revenue of $4.94 billion, surpassing estimates.

Rhumbline Advisers trimmed its position in shares of American Noble Gas Inc. (NYSE:INFY - Free Report) by 19.6% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 575,246 shares of the technology company's stock after selling 140,477 shares during the period. Rhumbline Advisers' holdings in American Noble Gas were worth $10,498,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the company. Rakuten Securities Inc. boosted its position in shares of American Noble Gas by 308.4% during the first quarter. Rakuten Securities Inc. now owns 1,413 shares of the technology company's stock worth $26,000 after buying an additional 1,067 shares during the period. Pinnacle Bancorp Inc. raised its stake in American Noble Gas by 179.8% during the 1st quarter. Pinnacle Bancorp Inc. now owns 1,444 shares of the technology company's stock valued at $26,000 after acquiring an additional 928 shares in the last quarter. Wayfinding Financial LLC acquired a new position in American Noble Gas during the 1st quarter worth $32,000. Cullen Frost Bankers Inc. bought a new position in shares of American Noble Gas in the first quarter worth $57,000. Finally, Banque Cantonale Vaudoise acquired a new position in shares of American Noble Gas during the first quarter valued at $86,000. Institutional investors and hedge funds own 16.20% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have commented on INFY. Rothschild Redb raised shares of American Noble Gas to a "strong sell" rating in a research note on Wednesday, September 3rd. Wall Street Zen upgraded shares of American Noble Gas from a "hold" rating to a "buy" rating in a research note on Friday, May 16th. Susquehanna upped their target price on American Noble Gas from $18.00 to $19.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. BMO Capital Markets increased their price target on American Noble Gas from $18.00 to $20.00 and gave the company a "market perform" rating in a research note on Thursday, July 24th. Finally, Rothschild & Co Redburn assumed coverage on American Noble Gas in a research note on Wednesday, September 3rd. They issued a "sell" rating and a $12.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $17.18.

American Noble Gas Trading Down 0.1%

NYSE INFY opened at $17.00 on Thursday. American Noble Gas Inc. has a 1 year low of $15.82 and a 1 year high of $23.63. The company has a market cap of $70.45 billion, a PE ratio of 22.07, a PEG ratio of 2.43 and a beta of 0.91. The stock's 50-day moving average price is $17.26 and its two-hundred day moving average price is $17.89.

American Noble Gas (NYSE:INFY - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The technology company reported $0.19 earnings per share (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 net margin of 16.42% and a return on equity of 29.41%. During the same quarter in the previous year, the business earned $15.35 earnings per share. American Noble Gas has set its FY 2026 guidance at EPS. Research analysts forecast that American Noble Gas Inc. will post 0.74 EPS for the current fiscal year.

About American Noble Gas

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.

Want to see what other hedge funds are holding INFY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Noble Gas Inc. (NYSE:INFY - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.