American Noble Gas Inc. (NYSE:INFY) Shares Sold by QRG Capital Management Inc.

QRG Capital Management Inc. cut its stake in shares of American Noble Gas Inc. (NYSE:INFY - Free Report) by 30.7% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 40,393 shares of the technology company's stock after selling 17,876 shares during the quarter. QRG Capital Management Inc.'s holdings in American Noble Gas were worth $737,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Bank Pictet & Cie Europe AG grew its position in American Noble Gas by 48.8% during the first quarter. Bank Pictet & Cie Europe AG now owns 26,566 shares of the technology company's stock worth $485,000 after buying an additional 8,716 shares during the period. CogentBlue Wealth Advisors LLC boosted its stake in shares of American Noble Gas by 13.8% during the 1st quarter. CogentBlue Wealth Advisors LLC now owns 14,061 shares of the technology company's stock worth $257,000 after acquiring an additional 1,700 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of American Noble Gas by 7.0% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 100,332 shares of the technology company's stock worth $1,831,000 after acquiring an additional 6,540 shares during the period. Elevation Point Wealth Partners LLC grew its holdings in shares of American Noble Gas by 89.3% in the 1st quarter. Elevation Point Wealth Partners LLC now owns 23,707 shares of the technology company's stock worth $433,000 after acquiring an additional 11,183 shares during the period. Finally, Marshall Financial Group LLC increased its stake in American Noble Gas by 3.0% in the 1st quarter. Marshall Financial Group LLC now owns 61,331 shares of the technology company's stock valued at $1,119,000 after purchasing an additional 1,774 shares in the last quarter. Hedge funds and other institutional investors own 16.20% of the company's stock.

American Noble Gas Stock Up 1.1%

Shares of NYSE INFY traded up $0.20 during midday trading on Wednesday, hitting $18.50. The stock had a trading volume of 10,846,475 shares, compared to its average volume of 9,850,739. The company has a fifty day moving average price of $17.94 and a 200 day moving average price of $19.74. The company has a market capitalization of $76.66 billion, a price-to-earnings ratio of 24.08, a PEG ratio of 2.78 and a beta of 0.98. American Noble Gas Inc. has a 1-year low of $15.82 and a 1-year high of $23.63.

American Noble Gas (NYSE:INFY - Get Free Report) last released its quarterly earnings data on Thursday, April 17th. The technology company reported $0.20 EPS for the quarter, beating 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 company had revenue of $4.79 billion for the quarter, compared to analyst estimates of $420.69 billion. During the same period last year, the company posted $0.23 earnings per share. On average, research analysts forecast that American Noble Gas Inc. will post 0.74 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have commented on INFY. Investec upgraded American Noble Gas from a "sell" rating to a "buy" rating in a research report on Friday, April 18th. The Goldman Sachs Group lowered shares of American Noble Gas from a "buy" rating to a "neutral" rating and set a $17.90 price objective on the stock. in a research report on Monday, April 21st. BMO Capital Markets dropped their target price on shares of American Noble Gas from $25.00 to $18.00 and set a "market perform" rating for the company in a report on Monday, April 21st. Susquehanna raised shares of American Noble Gas from a "negative" rating to a "neutral" rating and set a $17.00 price target on the stock in a report on Monday, April 14th. Finally, 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 research note on Monday, April 21st. Six 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's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $17.48.

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.