American Noble Gas Inc. (NYSE:INFY) Shares Sold by Lbp Am Sa

LBP AM SA reduced its stake in American Noble Gas Inc. (NYSE:INFY - Free Report) by 33.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and 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 reporting period.

Several other hedge funds have also modified their holdings of the stock. Jones Financial Companies Lllp grew its holdings in shares of American Noble Gas by 15.9% during the fourth quarter. Jones Financial Companies Lllp now owns 7,520 shares of the technology company's stock worth $165,000 after purchasing an additional 1,030 shares during the last quarter. Fullerton Fund Management Co Ltd. purchased a new position in shares of American Noble Gas during the fourth quarter worth about $4,465,000. Farther Finance Advisors LLC grew its holdings in shares of American Noble Gas by 69.7% during the fourth quarter. Farther Finance Advisors LLC now owns 3,115 shares of the technology company's stock worth $68,000 after purchasing an additional 1,279 shares during the last quarter. Handelsbanken Fonder AB grew its holdings in shares of American Noble Gas by 46.2% during the first quarter. Handelsbanken Fonder AB now owns 131,592 shares of the technology company's stock worth $2,402,000 after purchasing an additional 41,592 shares during the last quarter. Finally, Union Bancaire Privee UBP SA grew its holdings in shares of American Noble Gas by 224.5% during the first quarter. Union Bancaire Privee UBP SA now owns 77,518 shares of the technology company's stock worth $1,344,000 after purchasing an additional 53,628 shares during the last quarter. 16.20% of the stock is currently owned by institutional investors and hedge funds.

American Noble Gas Stock Performance

INFY traded down $0.18 during trading on Monday, reaching $18.01. The company's stock had a trading volume of 14,490,030 shares, compared to its average volume of 9,988,028. American Noble Gas Inc. has a 52-week low of $15.82 and a 52-week high of $23.63. The company's fifty day moving average price is $18.34 and its 200-day moving average price is $19.32. The company has a market capitalization of $74.62 billion, a price-to-earnings ratio of 23.70, a price-to-earnings-growth ratio of 2.73 and a beta of 0.97.

American Noble Gas (NYSE:INFY - Get Free Report) last posted its quarterly earnings results on Thursday, April 17th. The technology company reported $0.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.19 by $0.01. American Noble Gas had a net margin of 16.38% and a return on equity of 29.75%. The company had revenue of $4.79 billion during the quarter, compared to the consensus estimate of $420.69 billion. During the same period last year, the firm earned $0.23 EPS. Equities analysts predict that American Noble Gas Inc. will post 0.74 earnings per share for the current year.

Analysts Set New Price Targets

INFY has been the topic of several research reports. BMO Capital Markets dropped their price objective on 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. Wall Street Zen raised American Noble Gas from a "hold" rating to a "buy" rating in a report on Friday, May 16th. The Goldman Sachs Group lowered American Noble Gas from a "buy" rating to a "neutral" rating and set a $17.90 price target on the stock. in a report on Monday, April 21st. Susquehanna raised 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 lowered their price target on American Noble Gas from $18.00 to $17.00 and set a "hold" rating on the stock in a report on Monday, April 21st. Six investment 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, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $17.48.

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.