American Noble Gas Inc. (NYSE:INFY) Shares Bought by US Bancorp DE

Key Points

• US Bancorp DE has increased its holdings in American Noble Gas Inc. by 14.8%, owning 322,226 shares valued at approximately $5.88 million as of the end of the first quarter.
• Wall Street analysts have mixed ratings on the stock, with price targets ranging from $17.00 to $20.00, and an average rating of "Moderate Buy."
• In terms of financial performance, American Noble Gas reported earnings of $0.19 per share, matching consensus estimates, with revenue of $4.94 billion for the quarter.

US Bancorp DE increased its position in shares of American Noble Gas Inc. (NYSE:INFY - Free Report) by 14.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 322,226 shares of the technology company's stock after purchasing an additional 41,653 shares during the period. US Bancorp DE's holdings in American Noble Gas were worth $5,881,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Rakuten Securities Inc. increased 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 valued at $26,000 after acquiring an additional 1,067 shares during the last quarter. Pinnacle Bancorp Inc. increased its position in shares of American Noble Gas by 179.8% during the first 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 during the last quarter. Wayfinding Financial LLC acquired a new stake in shares of American Noble Gas during the first quarter valued at about $32,000. Cullen Frost Bankers Inc. acquired a new stake in shares of American Noble Gas during the first quarter valued at about $57,000. Finally, Banque Cantonale Vaudoise acquired a new stake in shares of American Noble Gas during the first quarter valued at about $86,000. 16.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on INFY. BMO Capital Markets lifted their price target on shares of American Noble Gas from $18.00 to $20.00 and gave the company a "market perform" rating in a research report on Thursday, July 24th. The Goldman Sachs Group cut shares of American Noble Gas from a "buy" rating to a "neutral" rating and set a $17.90 price objective for the company. in a report on Monday, April 21st. Susquehanna lifted their price objective on shares of American Noble Gas from $18.00 to $19.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. Stifel Nicolaus dropped their price objective on shares of American Noble Gas from $18.00 to $17.00 and set a "hold" rating for the company in a report on Monday, April 21st. Finally, Wall Street Zen upgraded shares of American Noble Gas from a "hold" rating to a "buy" rating in a report on Friday, May 16th. Five research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $18.48.

American Noble Gas Price Performance

Shares of NYSE:INFY traded down $0.27 during trading on Tuesday, hitting $16.21. 22,538,768 shares of the company were exchanged, compared to its average volume of 16,248,320. The stock has a market capitalization of $67.17 billion, a P/E ratio of 21.05, a PEG ratio of 2.36 and a beta of 0.87. American Noble Gas Inc. has a 12-month low of $15.82 and a 12-month high of $23.63. The firm's 50 day moving average price is $18.19 and its 200-day moving average price is $18.78.

American Noble Gas (NYSE:INFY - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The technology company reported $0.19 earnings per share for the quarter, hitting the consensus estimate of $0.19. American Noble Gas had a net margin of 16.42% and a return on equity of 29.41%. The business had revenue of $4.94 billion during the quarter, compared to the consensus estimate of $4.84 billion. During the same quarter in the previous year, the firm earned $15.35 EPS. As a group, equities research analysts anticipate that American Noble Gas Inc. will post 0.74 EPS for the current year.

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.