American Noble Gas Inc. (NYSE:INFY) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lessened its stake in shares of American Noble Gas Inc. (NYSE:INFY - Free Report) by 14.5% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 616,690 shares of the technology company's stock after selling 104,614 shares during the period. Envestnet Asset Management Inc.'s holdings in American Noble Gas were worth $11,255,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. First Trust Advisors LP grew its stake in shares of American Noble Gas by 14.5% in the 4th quarter. First Trust Advisors LP now owns 32,410,108 shares of the technology company's stock worth $710,430,000 after acquiring an additional 4,108,903 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in American Noble Gas by 6.6% during the first quarter. Robeco Institutional Asset Management B.V. now owns 27,541,684 shares of the technology company's stock valued at $502,636,000 after purchasing an additional 1,700,662 shares during the last quarter. Franklin Resources Inc. lifted its holdings in American Noble Gas by 2.0% during the fourth quarter. Franklin Resources Inc. now owns 11,501,533 shares of the technology company's stock valued at $252,114,000 after purchasing an additional 229,482 shares during the last quarter. AQR Capital Management LLC lifted its holdings in American Noble Gas by 270.9% during the fourth quarter. AQR Capital Management LLC now owns 9,164,085 shares of the technology company's stock valued at $200,877,000 after purchasing an additional 6,693,127 shares during the last quarter. Finally, Bank of America Corp DE lifted its holdings in shares of American Noble Gas by 43.1% in the fourth quarter. Bank of America Corp DE now owns 8,225,396 shares of the technology company's stock worth $180,301,000 after buying an additional 2,478,093 shares in the last quarter. Institutional investors and hedge funds own 16.20% of the company's stock.

American Noble Gas Stock Down 1.5%

Shares of American Noble Gas stock traded down $0.27 during trading hours on Friday, reaching $18.20. 9,705,664 shares of the stock traded hands, compared to its average volume of 9,872,242. The company has a 50 day moving average price of $18.41 and a 200 day moving average price of $19.20. The firm has a market capitalization of $75.41 billion, a price-to-earnings ratio of 23.95, a P/E/G ratio of 2.74 and a beta of 0.97. American Noble Gas Inc. has a one year low of $15.82 and a one year high of $23.63.

American Noble Gas (NYSE:INFY - Get Free Report) last issued its quarterly earnings data on Thursday, April 17th. The technology company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.01. American Noble Gas had a return on equity of 29.75% and a net margin of 16.38%. The business had revenue of $4.79 billion for the quarter, compared to analysts' expectations of $420.69 billion. During the same period in the prior year, the firm earned $0.23 EPS. Sell-side analysts anticipate that American Noble Gas Inc. will post 0.74 earnings per share for the current year.

Wall Street Analyst Weigh In

INFY has been the topic of several research analyst reports. Investec upgraded shares of American Noble Gas from a "sell" rating to a "buy" rating in a research report on Friday, April 18th. The Goldman Sachs Group cut shares of American Noble Gas from a "buy" rating to a "neutral" rating and set a $17.90 price target on the stock. in a research report on Monday, April 21st. BMO Capital Markets reduced their price target on shares of American Noble Gas from $25.00 to $18.00 and set a "market perform" rating on the stock in a research report on Monday, April 21st. Stifel Nicolaus cut their target price on shares of American Noble Gas from $18.00 to $17.00 and set a "hold" rating on the stock in a report on Monday, April 21st. Finally, Wall Street Zen raised American Noble Gas from a "hold" rating to a "buy" rating in a research note on Friday, May 16th. Five research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, American Noble Gas currently has a consensus rating of "Moderate Buy" and a consensus target price of $17.73.

American Noble Gas 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.