Oldfield Partners LLP Trims Holdings in 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 cut its position in shares of American Noble Gas Inc. (NYSE:INFY - Free Report) by 29.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 281,398 shares of the technology company's stock after selling 115,200 shares during the period. American Noble Gas accounts for 1.5% of Oldfield Partners LLP's portfolio, making the stock its 12th largest holding. Oldfield Partners LLP's holdings in American Noble Gas were worth $5,136,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Fullerton Fund Management Co Ltd. bought a new position in shares of American Noble Gas during the fourth quarter worth about $4,465,000. Handelsbanken Fonder AB raised 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 valued at $2,402,000 after purchasing an additional 41,592 shares during the period. Union Bancaire Privee UBP SA boosted its position 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 valued at $1,344,000 after buying an additional 53,628 shares during the last quarter. Principal Financial Group Inc. grew its holdings in American Noble Gas by 272.8% during the first quarter. Principal Financial Group Inc. now owns 152,443 shares of the technology company's stock worth $2,782,000 after buying an additional 111,553 shares in the last quarter. Finally, Captrust Financial Advisors raised its position in American Noble Gas by 5.5% in the 4th quarter. Captrust Financial Advisors now owns 22,915 shares of the technology company's stock valued at $502,000 after buying an additional 1,197 shares during the last quarter. 16.20% of the stock is owned by institutional investors.

American Noble Gas Trading Down 1.4%

Shares of American Noble Gas stock traded down $0.24 during trading on Wednesday, hitting $16.98. 5,709,850 shares of the stock traded hands, compared to its average volume of 11,874,460. American Noble Gas Inc. has a 52-week low of $15.82 and a 52-week high of $23.63. The firm has a market cap of $70.34 billion, a P/E ratio of 22.07, a price-to-earnings-growth ratio of 2.46 and a beta of 0.97. The stock's fifty day simple moving average is $18.31 and its 200 day simple moving average is $18.96.

American Noble Gas (NYSE:INFY - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The technology company reported $0.19 earnings per share for the quarter, hitting analysts' consensus estimates of $0.19. The firm had revenue of $4.94 billion during the quarter, compared to analysts' expectations of $4.84 billion. American Noble Gas had a return on equity of 29.41% and a net margin of 16.42%. During the same quarter last year, the firm earned $15.35 EPS. As a group, equities analysts expect that American Noble Gas Inc. will post 0.74 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Susquehanna raised their price target on shares of American Noble Gas from $18.00 to $19.00 and gave the company a "neutral" rating in a research report on Thursday, July 24th. Investec upgraded American Noble Gas from a "sell" rating to a "buy" rating in a report on Friday, April 18th. 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. BMO Capital Markets lifted their target price on shares of American Noble Gas from $18.00 to $20.00 and gave the stock a "market perform" rating in a research note on Thursday, July 24th. Finally, Stifel Nicolaus cut their price target on shares of American Noble Gas from $18.00 to $17.00 and set a "hold" rating for the company in a report on Monday, April 21st. Five research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company 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.