BNP Paribas Financial Markets Decreases Stock Position in American Noble Gas Inc. $INFY

Key Points

• BNP Paribas Financial Markets sold 2,965,920 shares of American Noble Gas Inc., reducing its stake by 41.9%, now holding approximately 0.10% of the company valued at about $75 million.
• American Noble Gas reported $0.19 EPS for the last quarter, meeting analysts' expectations, with a revenue of $4.94 billion, surpassing estimates.
• Wall Street analysts have recently adjusted their price targets for American Noble Gas, with Susquehanna raising it to $19 and BMO Capital Markets to $20, indicating a generally positive outlook on the stock.

BNP Paribas Financial Markets lowered its stake in shares of American Noble Gas Inc. (NYSE:INFY - Free Report) by 41.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,115,940 shares of the technology company's stock after selling 2,965,920 shares during the quarter. BNP Paribas Financial Markets owned about 0.10% of American Noble Gas worth $75,116,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in INFY. Rakuten Securities Inc. grew its position in American Noble Gas by 308.4% in the 1st quarter. Rakuten Securities Inc. now owns 1,413 shares of the technology company's stock valued at $26,000 after buying an additional 1,067 shares during the last quarter. Pinnacle Bancorp Inc. grew its position in American Noble Gas by 179.8% in the 1st quarter. Pinnacle Bancorp Inc. now owns 1,444 shares of the technology company's stock valued at $26,000 after buying an additional 928 shares during the last quarter. Wayfinding Financial LLC purchased a new position in American Noble Gas in the 1st quarter valued at $32,000. Cullen Frost Bankers Inc. purchased a new position in American Noble Gas in the 1st quarter valued at $57,000. Finally, Banque Cantonale Vaudoise purchased a new position in American Noble Gas in the 1st quarter valued at $86,000. Hedge funds and other institutional investors own 16.20% of the company's stock.

American Noble Gas Trading Down 0.3%

Shares of NYSE:INFY traded down $0.06 during trading on Thursday, hitting $16.59. 10,571,087 shares of the stock were exchanged, compared to its average volume of 12,887,723. The company has a fifty day moving average price of $17.45 and a two-hundred day moving average price of $18.05. The company has a market cap of $68.72 billion, a PE ratio of 21.54, a P/E/G ratio of 2.41 and a beta of 0.91. American Noble Gas Inc. has a 12-month low of $15.82 and a 12-month high of $23.63.

American Noble Gas (NYSE:INFY - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The technology company reported $0.19 EPS for the quarter, hitting the consensus estimate 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 in the previous year, the company earned $15.35 EPS. American Noble Gas has set its FY 2026 guidance at EPS. Equities research analysts anticipate that American Noble Gas Inc. will post 0.74 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

INFY has been the topic of a number of analyst reports. BMO Capital Markets lifted their price objective on American Noble Gas from $18.00 to $20.00 and gave the company a "market perform" 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. Rothschild Redb raised American Noble Gas to a "strong sell" rating in a report on Wednesday. Susquehanna lifted their price objective on American Noble Gas from $18.00 to $19.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. Finally, Rothschild & Co Redburn started coverage on American Noble Gas in a report on Wednesday. They issued a "sell" rating and a $12.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, American Noble Gas has an average rating of "Hold" and an average price target of $17.18.

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.