Moloney Securities Asset Management LLC Lowers Stock Position in American Noble Gas Inc. (NYSE:INFY)

Moloney Securities Asset Management LLC reduced its position in American Noble Gas Inc. (NYSE:INFY - Free Report) by 31.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 58,429 shares of the technology company's stock after selling 26,882 shares during the period. Moloney Securities Asset Management LLC's holdings in American Noble Gas were worth $1,066,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. First Trust Advisors LP raised its position in American Noble Gas by 14.5% during the fourth quarter. First Trust Advisors LP now owns 32,410,108 shares of the technology company's stock worth $710,430,000 after acquiring an additional 4,108,903 shares during the period. Robeco Institutional Asset Management B.V. raised its position in American Noble Gas by 6.6% during the first quarter. Robeco Institutional Asset Management B.V. now owns 27,541,684 shares of the technology company's stock worth $502,636,000 after acquiring an additional 1,700,662 shares during the period. Franklin Resources Inc. raised its position in American Noble Gas by 2.0% during the fourth quarter. Franklin Resources Inc. now owns 11,501,533 shares of the technology company's stock worth $252,114,000 after acquiring an additional 229,482 shares during the period. AQR Capital Management LLC raised its position in American Noble Gas by 270.9% during the fourth quarter. AQR Capital Management LLC now owns 9,164,085 shares of the technology company's stock worth $200,877,000 after acquiring an additional 6,693,127 shares during the period. Finally, Bank of America Corp DE raised its position in 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 acquiring an additional 2,478,093 shares during the period. 16.20% of the stock is currently owned by institutional investors and hedge funds.

American Noble Gas Price Performance

Shares of INFY traded up $0.18 during mid-day trading on Friday, reaching $18.28. The stock had a trading volume of 8,841,200 shares, compared to its average volume of 11,498,354. American Noble Gas Inc. has a 52-week low of $15.82 and a 52-week high of $23.63. The business's fifty day moving average is $18.34 and its 200 day moving average is $19.39. The firm has a market cap of $75.72 billion, a price-to-earnings ratio of 24.05, a P/E/G ratio of 2.84 and a beta of 0.97.

American Noble Gas (NYSE:INFY - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $4.79 billion during the quarter, compared to analyst estimates of $420.69 billion. During the same quarter in the prior year, the firm posted $0.23 earnings per share. As a group, sell-side analysts anticipate that American Noble Gas Inc. will post 0.74 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Investec upgraded shares of American Noble Gas from a "sell" rating to a "buy" rating in a research report on Friday, April 18th. Stifel Nicolaus reduced their target price on shares of American Noble Gas from $18.00 to $17.00 and set a "hold" rating for the company in a research report on Monday, April 21st. BMO Capital Markets reduced their target price on shares of American Noble Gas from $25.00 to $18.00 and set a "market perform" rating for the company in a research report on Monday, April 21st. Wall Street Zen upgraded shares of American Noble Gas from a "hold" rating to a "buy" rating in a research report on Friday, May 16th. Finally, The Goldman Sachs Group cut 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. Six analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, American Noble Gas currently has an average rating of "Moderate Buy" and a consensus target price of $17.48.

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.