Graham Capital Management L.P. Raises Position in American Noble Gas Inc. $INFY

Key Points

• Graham Capital Management L.P. increased its stake in American Noble Gas Inc. (NYSE: INFY) by 27.2%, acquiring an additional 20,810 shares, raising their total holdings to 97,191 shares valued at approximately $1.77 million.
• Other institutional investors have also significantly raised their stakes in American Noble Gas, with Rakuten Securities increasing its position by 308.4% and Pinnacle Bancorp by 179.8% in the first quarter.
• American Noble Gas reported earnings of $0.19 per share, meeting analysts' expectations, and had a revenue of $4.94 billion, surpassing the consensus estimate.

Graham Capital Management L.P. boosted its position in shares of American Noble Gas Inc. (NYSE:INFY - Free Report) by 27.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 97,191 shares of the technology company's stock after acquiring an additional 20,810 shares during the period. Graham Capital Management L.P.'s holdings in American Noble Gas were worth $1,774,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of INFY. Rakuten Securities Inc. grew its stake 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 worth $26,000 after buying an additional 1,067 shares in the last quarter. Pinnacle Bancorp Inc. lifted its holdings in shares of American Noble Gas by 179.8% during the 1st quarter. Pinnacle Bancorp Inc. now owns 1,444 shares of the technology company's stock worth $26,000 after acquiring an additional 928 shares during the last quarter. Wayfinding Financial LLC bought a new stake in shares of American Noble Gas during the 1st quarter worth $32,000. Cullen Frost Bankers Inc. bought a new stake in shares of American Noble Gas during the 1st quarter worth $57,000. Finally, Banque Cantonale Vaudoise bought a new stake in shares of American Noble Gas during the 1st quarter worth $86,000. Hedge funds and other institutional investors own 16.20% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on INFY. BMO Capital Markets lifted their price objective on shares of American Noble Gas from $18.00 to $20.00 and gave the stock a "market perform" rating in a report on Thursday, July 24th. Rothschild Redb raised shares of American Noble Gas to a "strong sell" rating in a report on Wednesday. Wall Street Zen raised shares of American Noble Gas from a "hold" rating to a "buy" rating in a report on Friday, May 16th. Rothschild & Co Redburn initiated coverage on shares of American Noble Gas in a research note on Wednesday. They issued a "sell" rating and a $12.00 price objective for the company. Finally, Susquehanna upped their price objective on shares of American Noble Gas from $18.00 to $19.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, American Noble Gas presently has an average rating of "Hold" and an average price target of $17.18.

American Noble Gas Stock Down 1.3%

Shares of NYSE:INFY traded down $0.22 on Friday, hitting $16.38. The company had a trading volume of 23,401,898 shares, compared to its average volume of 17,525,224. The firm's 50-day simple moving average is $17.37 and its two-hundred day simple moving average is $17.96. American Noble Gas Inc. has a 1 year low of $15.82 and a 1 year high of $23.63. The firm has a market capitalization of $67.85 billion, a price-to-earnings ratio of 21.27, a P/E/G ratio of 2.34 and a beta of 0.91.

American Noble Gas (NYSE:INFY - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The technology company reported $0.19 EPS 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 firm had revenue of $4.94 billion during the quarter, compared to analysts' expectations of $4.84 billion. During the same period last year, the company posted $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 EPS for the current year.

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.