New Vernon Capital Holdings II LLC Has $230.26 Million Stake in American Noble Gas Inc. $INFY

Key Points

• New Vernon Capital Holdings II LLC increased its stake in American Noble Gas Inc. by 1,998.6% in Q1, acquiring an additional 12,015,884 shares, bringing its total ownership to 12,617,101 shares.
• American Noble Gas reported a quarterly earnings per share (EPS) of $0.19, meeting analyst estimates, with a revenue of $4.94 billion, surpassing expected figures.
• Brokerages have shown mixed sentiment towards American Noble Gas, with target prices varying from $12.00 to $20.00 and a consensus rating of "Hold".

New Vernon Capital Holdings II LLC raised its stake in shares of American Noble Gas Inc. (NYSE:INFY - Free Report) by 1,998.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 12,617,101 shares of the technology company's stock after purchasing an additional 12,015,884 shares during the quarter. American Noble Gas accounts for about 1.0% of New Vernon Capital Holdings II LLC's investment portfolio, making the stock its 11th biggest position. New Vernon Capital Holdings II LLC owned about 0.30% of American Noble Gas worth $230,262,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Rakuten Securities Inc. increased its holdings in shares of American Noble Gas by 308.4% during the 1st quarter. Rakuten Securities Inc. now owns 1,413 shares of the technology company's stock worth $26,000 after purchasing an additional 1,067 shares during the period. Pinnacle Bancorp Inc. increased 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 purchasing an additional 928 shares during the period. Wayfinding Financial LLC bought a new position in shares of American Noble Gas during the 1st quarter worth about $32,000. Cullen Frost Bankers Inc. bought a new position in shares of American Noble Gas during the 1st quarter worth about $57,000. Finally, Banque Cantonale Vaudoise bought a new position in shares of American Noble Gas during the 1st quarter worth about $86,000. Institutional investors own 16.20% of the company's stock.

Analyst Ratings Changes

Several research firms have recently issued reports on INFY. Rothschild & Co Redburn assumed coverage on shares of American Noble Gas in a report on Wednesday, September 3rd. They set a "sell" rating and a $12.00 price objective on the stock. BMO Capital Markets upped 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 research note on Thursday, July 24th. Wall Street Zen raised shares of American Noble Gas from a "hold" rating to a "buy" rating in a research note on Friday, May 16th. Rothschild Redb raised shares of American Noble Gas to a "strong sell" rating in a research note on Wednesday, September 3rd. Finally, Susquehanna upped their target price 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 issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $17.18.

American Noble Gas Stock Up 0.3%

NYSE:INFY traded up $0.04 on Wednesday, reaching $17.05. The stock had a trading volume of 6,832,949 shares, compared to its average volume of 13,023,952. The company has a market capitalization of $70.69 billion, a P/E ratio of 22.15, a price-to-earnings-growth ratio of 2.40 and a beta of 0.91. American Noble Gas Inc. has a 1-year low of $15.82 and a 1-year high of $23.63. The stock has a fifty day moving average price of $17.30 and a 200-day moving average price of $17.90.

American Noble Gas (NYSE:INFY - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The technology company reported $0.19 EPS for the quarter, meeting analysts' consensus estimates of $0.19. The firm had revenue of $4.94 billion for the quarter, compared to analyst estimates of $4.84 billion. American Noble Gas had a net margin of 16.42% and a return on equity of 29.41%. During the same period in the previous year, the business earned $15.35 earnings per share. American Noble Gas has set its FY 2026 guidance at EPS. Sell-side analysts predict that American Noble Gas Inc. will post 0.74 earnings per share for the current fiscal 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.