BNP Paribas Financial Markets Sells 2,965,920 Shares of 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 American Noble Gas Inc. (NYSE:INFY - Free Report) by 41.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,115,940 shares of the technology company's stock after selling 2,965,920 shares during the period. BNP Paribas Financial Markets owned 0.10% of American Noble Gas worth $75,116,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of INFY. Sustainable Growth Advisers LP lifted its holdings in shares of American Noble Gas by 50.2% during the first quarter. Sustainable Growth Advisers LP now owns 14,877,543 shares of the technology company's stock worth $271,515,000 after purchasing an additional 4,970,664 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of American Noble Gas by 134.7% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 7,002,648 shares of the technology company's stock worth $127,798,000 after purchasing an additional 4,018,811 shares during the period. OVERSEA CHINESE BANKING Corp Ltd lifted its holdings in shares of American Noble Gas by 18,037.4% during the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 2,539,232 shares of the technology company's stock worth $46,341,000 after purchasing an additional 2,525,232 shares during the period. Bank of America Corp DE lifted its holdings in shares of American Noble Gas by 43.1% during 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 purchasing an additional 2,478,093 shares during the period. Finally, Causeway Capital Management LLC lifted its holdings in shares of American Noble Gas by 382.5% during the first quarter. Causeway Capital Management LLC now owns 2,638,154 shares of the technology company's stock worth $48,146,000 after purchasing an additional 2,091,411 shares during the period. Institutional investors and hedge funds own 16.20% of the company's stock.

American Noble Gas Stock Performance

Shares of NYSE INFY traded down $0.18 during midday trading on Friday, hitting $16.42. 10,007,862 shares of the stock traded hands, compared to its average volume of 12,890,511. The company has a market cap of $68.02 billion, a PE ratio of 21.33, a P/E/G ratio of 2.38 and a beta of 0.91. American Noble Gas Inc. has a one year low of $15.82 and a one year high of $23.63. The business has a 50 day moving average price of $17.41 and a two-hundred day moving average price of $18.01.

American Noble Gas (NYSE:INFY - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The technology company reported $0.19 EPS for the quarter, meeting the consensus estimate of $0.19. The firm had revenue of $4.94 billion during the quarter, compared to the consensus estimate 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 posted $15.35 earnings per share. American Noble Gas has set its FY 2026 guidance at EPS. As a group, equities research analysts forecast that American Noble Gas Inc. will post 0.74 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Rothschild Redb raised American Noble Gas to a "strong sell" rating in a research note on Wednesday. Rothschild & Co Redburn assumed coverage on American Noble Gas in a research note on Wednesday. They issued a "sell" rating and a $12.00 price objective on the stock. Wall Street Zen raised American Noble Gas from a "hold" rating to a "buy" rating in a research note on Friday, May 16th. Susquehanna lifted their price objective on American Noble Gas from $18.00 to $19.00 and gave the stock a "neutral" rating in a research note on Thursday, July 24th. Finally, BMO Capital Markets boosted their target price on shares of American Noble Gas from $18.00 to $20.00 and gave the company a "market perform" rating in a report on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, American Noble Gas has an average rating of "Hold" and an average target price 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.