Prudential PLC Has $18.43 Million Holdings in American Noble Gas Inc. (NYSE:INFY)

Key Points

• Prudential PLC increased its stake in American Noble Gas Inc. by 6.4% in the first quarter, holding approximately $18.43 million worth of shares after acquiring an additional 61,100 shares.
• American Noble Gas reported $0.19 earnings per share for the last quarter, meeting analyst expectations, with revenues reaching $4.94 billion, above the consensus estimate of $4.84 billion.
• Analysts have mixed ratings on the stock, with five analysts giving a buy rating and a consensus average price target of $18.48, indicating moderate optimism for investors.

Prudential PLC grew its holdings in American Noble Gas Inc. (NYSE:INFY - Free Report) by 6.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,010,097 shares of the technology company's stock after purchasing an additional 61,100 shares during the quarter. Prudential PLC's holdings in American Noble Gas were worth $18,434,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. AGF Management Ltd. raised its stake in shares of American Noble Gas by 31.0% in the 1st quarter. AGF Management Ltd. now owns 719,349 shares of the technology company's stock valued at $13,128,000 after acquiring an additional 170,074 shares during the period. Eagle Global Advisors LLC raised its stake in American Noble Gas by 21.1% during the first quarter. Eagle Global Advisors LLC now owns 86,000 shares of the technology company's stock valued at $1,570,000 after buying an additional 15,000 shares in the last quarter. AIA Group Ltd acquired a new stake in American Noble Gas during the first quarter worth about $863,000. Aigen Investment Management LP increased its position in American Noble Gas by 1,102.6% in the first quarter. Aigen Investment Management LP now owns 178,097 shares of the technology company's stock worth $3,250,000 after buying an additional 163,288 shares during the period. Finally, Invesco Ltd. raised its holdings in shares of American Noble Gas by 4.0% during the first quarter. Invesco Ltd. now owns 4,218,585 shares of the technology company's stock valued at $76,989,000 after buying an additional 163,118 shares during the last quarter. 16.20% of the stock is currently owned by hedge funds and other institutional investors.

American Noble Gas Stock Down 0.2%

INFY stock traded down $0.03 during trading hours on Thursday, hitting $16.36. The company's stock had a trading volume of 18,675,130 shares, compared to its average volume of 12,456,355. American Noble Gas Inc. has a 12 month low of $15.82 and a 12 month high of $23.63. The stock has a 50 day moving average price of $17.90 and a two-hundred day moving average price of $18.56. The company has a market capitalization of $67.77 billion, a PE ratio of 21.24, a price-to-earnings-growth ratio of 2.30 and a beta of 0.87.

American Noble Gas (NYSE:INFY - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The technology company reported $0.19 earnings per share for the quarter, hitting 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 firm had revenue of $4.94 billion during the quarter, compared to analyst estimates of $4.84 billion. During the same period in the previous year, the company earned $15.35 EPS. Sell-side analysts expect that American Noble Gas Inc. will post 0.74 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. 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. Investec upgraded American Noble Gas from a "sell" rating to a "buy" rating in a report on Friday, April 18th. BMO Capital Markets lifted their price target on 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. Susquehanna boosted their price target on shares of American Noble Gas from $18.00 to $19.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. Finally, The Goldman Sachs Group cut 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. Five equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, American Noble Gas has a consensus rating of "Moderate Buy" and a consensus price target 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.