Oppenheimer Asset Management Inc. boosted its stake in American Noble Gas Inc. (NYSE:INFY - Free Report) by 13.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 432,198 shares of the technology company's stock after purchasing an additional 49,965 shares during the quarter. Oppenheimer Asset Management Inc.'s holdings in American Noble Gas were worth $7,888,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in INFY. Rakuten Securities Inc. increased its holdings in shares of American Noble Gas by 308.4% in the first quarter. Rakuten Securities Inc. now owns 1,413 shares of the technology company's stock worth $26,000 after acquiring an additional 1,067 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in shares of American Noble Gas by 69.7% in the fourth quarter. Farther Finance Advisors LLC now owns 3,115 shares of the technology company's stock worth $68,000 after acquiring an additional 1,279 shares in the last quarter. Principal Securities Inc. increased its holdings in shares of American Noble Gas by 210.1% in the fourth quarter. Principal Securities Inc. now owns 4,822 shares of the technology company's stock worth $106,000 after acquiring an additional 3,267 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of American Noble Gas by 32.4% in the first quarter. GAMMA Investing LLC now owns 5,951 shares of the technology company's stock worth $109,000 after acquiring an additional 1,455 shares in the last quarter. Finally, Fairtree Asset Management Pty Ltd bought a new stake in shares of American Noble Gas in the fourth quarter worth about $130,000. Institutional investors own 16.20% of the company's stock.
American Noble Gas Stock Up 2.3%
INFY stock opened at $18.09 on Tuesday. The business has a 50 day moving average price of $17.91 and a two-hundred day moving average price of $19.75. The company has a market cap of $74.96 billion, a price-to-earnings ratio of 23.80, a P/E/G ratio of 2.69 and a beta of 0.99. American Noble Gas Inc. has a twelve month low of $15.82 and a twelve month high of $23.63.
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 for the quarter, beating analysts' consensus estimates of $0.19 by $0.01. The firm had revenue of $4.79 billion during the quarter, compared to the consensus estimate of $420.69 billion. American Noble Gas had a return on equity of 29.75% and a net margin of 16.38%. During the same period last year, the company earned $0.23 earnings per share. On average, equities research analysts anticipate that American Noble Gas Inc. will post 0.74 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Several equities research analysts have issued reports on the company. Stifel Nicolaus lowered their price target on American Noble Gas from $18.00 to $17.00 and set a "hold" rating for the company in a report on Monday, April 21st. CLSA upgraded American Noble Gas from a "hold" rating to an "outperform" rating in a report on Friday, March 7th. BMO Capital Markets decreased their price objective on American Noble Gas from $25.00 to $18.00 and set a "market perform" rating for the company in a report on Monday, April 21st. Investec upgraded American Noble Gas from a "sell" rating to a "buy" rating in a report on Friday, April 18th. Finally, The Goldman Sachs Group downgraded American Noble Gas from a "buy" rating to a "neutral" rating and set a $17.90 price objective for the company. in a report on Monday, April 21st. Six analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, American Noble Gas presently has a consensus rating of "Moderate Buy" and an average price target of $17.48.
Get Our Latest Stock Analysis on American Noble Gas
About American Noble Gas
(
Free Report)
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.
See Also
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