Lbp Am Sa Has $1.26 Million Position in American Noble Gas Inc. (NYSE:INFY)

LBP AM SA decreased its position in American Noble Gas Inc. (NYSE:INFY - Free Report) by 33.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 69,100 shares of the technology company's stock after selling 35,300 shares during the period. LBP AM SA's holdings in American Noble Gas were worth $1,261,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Kovitz Investment Group Partners LLC lifted its position in shares of American Noble Gas by 5.9% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 10,467 shares of the technology company's stock valued at $229,000 after acquiring an additional 579 shares in the last quarter. Pinnacle Bancorp Inc. raised its holdings in shares of American Noble Gas by 179.8% in the 1st quarter. Pinnacle Bancorp Inc. now owns 1,444 shares of the technology company's stock worth $26,000 after purchasing an additional 928 shares during the period. Jones Financial Companies Lllp raised its position in American Noble Gas by 15.9% in the fourth quarter. Jones Financial Companies Lllp now owns 7,520 shares of the technology company's stock valued at $165,000 after purchasing an additional 1,030 shares during the period. Rakuten Securities Inc. raised its stake in shares of American Noble Gas by 308.4% during the first quarter. Rakuten Securities Inc. now owns 1,413 shares of the technology company's stock valued at $26,000 after purchasing an additional 1,067 shares during the period. Finally, Naviter Wealth LLC increased its stake in shares of American Noble Gas by 1.2% in the first quarter. Naviter Wealth LLC now owns 91,056 shares of the technology company's stock worth $1,654,000 after buying an additional 1,109 shares during the last quarter. 16.20% of the stock is currently owned by hedge funds and other institutional investors.

American Noble Gas Trading Up 0.5%

Shares of NYSE:INFY traded up $0.09 during midday trading on Friday, hitting $18.19. The company had a trading volume of 16,460,509 shares, compared to its average volume of 9,972,402. American Noble Gas Inc. has a 12 month low of $15.82 and a 12 month high of $23.63. The stock has a market cap of $75.37 billion, a price-to-earnings ratio of 23.82, a PEG ratio of 2.73 and a beta of 0.97. The firm has a fifty day simple moving average of $18.34 and a 200 day simple moving average of $19.39.

American Noble Gas (NYSE:INFY - Get Free Report) last issued its quarterly earnings results on Thursday, April 17th. The technology company reported $0.20 EPS for the quarter, beating analysts' consensus estimates 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 in the previous year, the company posted $0.23 earnings per share. Equities analysts forecast that American Noble Gas Inc. will post 0.74 EPS for the current fiscal year.

Wall Street Analyst Weigh In

INFY has been the subject of several research analyst reports. The Goldman Sachs Group downgraded shares of American Noble Gas from a "buy" rating to a "neutral" rating and set a $17.90 target price for the company. in a research report on Monday, April 21st. Investec raised shares of American Noble Gas from a "sell" rating to a "buy" rating in a research note on Friday, April 18th. Stifel Nicolaus reduced their target price on American Noble Gas from $18.00 to $17.00 and set a "hold" rating for the company in a report on Monday, April 21st. Wall Street Zen raised shares of American Noble Gas from a "hold" rating to a "buy" rating in a research report on Friday, May 16th. Finally, BMO Capital Markets cut 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 report on Monday, April 21st. Six research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average 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.