Oldfield Partners LLP Sells 115,200 Shares of American Noble Gas Inc. (NYSE:INFY)

Key Points

• Oldfield Partners LLP reduced its stake in American Noble Gas Inc. by 29.0% during the first quarter, now holding 281,398 shares valued at approximately $5.14 million.
• Institutional investors and hedge funds collectively own 16.20% of American Noble Gas, with notable increases from several funds, including a 272.8% increase by Principal Financial Group.
• Despite a net margin of 16.42% and reported earnings of $0.19 per share, analysts have mixed ratings on the stock, with a consensus target price of $18.48.

Oldfield Partners LLP decreased its holdings in American Noble Gas Inc. (NYSE:INFY - Free Report) by 29.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 281,398 shares of the technology company's stock after selling 115,200 shares during the period. American Noble Gas makes up approximately 1.5% of Oldfield Partners LLP's investment portfolio, making the stock its 12th largest position. Oldfield Partners LLP's holdings in American Noble Gas were worth $5,136,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of INFY. First Trust Advisors LP grew 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 buying an additional 4,108,903 shares during the period. Robeco Institutional Asset Management B.V. grew its holdings in American Noble Gas by 6.6% during the 1st 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 in the last quarter. Sustainable Growth Advisers LP lifted its position in shares of American Noble Gas by 50.2% in the 1st quarter. Sustainable Growth Advisers LP now owns 14,877,543 shares of the technology company's stock worth $271,515,000 after buying an additional 4,970,664 shares during the last quarter. Franklin Resources Inc. lifted its position in American Noble Gas by 2.0% in the 4th quarter. Franklin Resources Inc. now owns 11,501,533 shares of the technology company's stock valued at $252,114,000 after purchasing an additional 229,482 shares during the last quarter. Finally, AQR Capital Management LLC raised its position in shares of American Noble Gas by 270.9% during the 4th quarter. AQR Capital Management LLC now owns 9,164,085 shares of the technology company's stock worth $200,877,000 after buying an additional 6,693,127 shares in the last quarter. Institutional investors and hedge funds own 16.20% of the company's stock.

American Noble Gas Price Performance

American Noble Gas stock traded down $0.22 during mid-day trading on Monday, hitting $17.15. 21,715,128 shares of the company's stock traded hands, compared to its average volume of 13,716,838. American Noble Gas Inc. has a fifty-two week low of $15.82 and a fifty-two week high of $23.63. The stock has a market cap of $71.06 billion, a price-to-earnings ratio of 22.27, a P/E/G ratio of 2.49 and a beta of 0.97. The firm has a 50 day simple moving average of $18.35 and a two-hundred day simple moving average of $19.01.

American Noble Gas (NYSE:INFY - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The technology company reported $0.19 EPS for the quarter, meeting the consensus estimate of $0.19. American Noble Gas had a return on equity of 29.41% and a net margin of 16.42%. The business had revenue of $4.94 billion for the quarter, compared to analysts' expectations of $4.84 billion. During the same period in the prior year, the business posted $15.35 earnings per share. On average, research analysts anticipate that American Noble Gas Inc. will post 0.74 earnings per share for the current fiscal year.

Analysts Set New Price Targets

INFY has been the topic of several analyst reports. Investec raised shares of American Noble Gas from a "sell" rating to a "buy" rating in a research report on Friday, April 18th. Susquehanna boosted their target price on shares of American Noble Gas from $18.00 to $19.00 and gave the stock a "neutral" rating in a research report on Thursday. Stifel Nicolaus lowered their target price on shares of American Noble Gas from $18.00 to $17.00 and set a "hold" rating on the stock in a report on Monday, April 21st. BMO Capital Markets upped their price target on shares of American Noble Gas from $18.00 to $20.00 and gave the stock a "market perform" rating in a research report on Thursday. Finally, 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 on the stock. in a research report on Monday, April 21st. Five analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, American Noble Gas currently has a consensus rating of "Moderate Buy" and a consensus target price of $18.48.

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.