American Noble Gas Inc. (NYSE:INFY) Shares Acquired by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. lifted its position in shares of American Noble Gas Inc. (NYSE:INFY - Free Report) by 6.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 27,541,684 shares of the technology company's stock after acquiring an additional 1,700,662 shares during the period. American Noble Gas comprises approximately 1.0% of Robeco Institutional Asset Management B.V.'s holdings, making the stock its 13th largest holding. Robeco Institutional Asset Management B.V. owned about 0.66% of American Noble Gas worth $502,636,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Value Partners Investments Inc. bought a new position in American Noble Gas during the 1st quarter worth $2,960,000. HBK Sorce Advisory LLC grew its stake in American Noble Gas by 11.8% during the 1st quarter. HBK Sorce Advisory LLC now owns 11,461 shares of the technology company's stock worth $209,000 after buying an additional 1,206 shares during the last quarter. Pinnacle Bancorp Inc. grew its stake in 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 buying an additional 928 shares during the last quarter. Bessemer Group Inc. grew its stake in American Noble Gas by 10.1% during the 1st quarter. Bessemer Group Inc. now owns 595,275 shares of the technology company's stock worth $10,862,000 after buying an additional 54,657 shares during the last quarter. Finally, Harbour Capital Advisors LLC grew its stake in American Noble Gas by 37.0% during the 1st quarter. Harbour Capital Advisors LLC now owns 27,295 shares of the technology company's stock worth $474,000 after buying an additional 7,375 shares during the last quarter. 16.20% of the stock is owned by institutional investors and hedge funds.

American Noble Gas Stock Performance

Shares of NYSE:INFY traded down $0.08 on Friday, hitting $18.52. The company's stock had a trading volume of 13,502,056 shares, compared to its average volume of 9,892,977. American Noble Gas Inc. has a 12 month low of $15.82 and a 12 month high of $23.63. The company has a market capitalization of $76.76 billion, a price-to-earnings ratio of 24.37, a price-to-earnings-growth ratio of 2.82 and a beta of 0.99. The stock's 50-day moving average is $18.07 and its two-hundred day moving average is $19.61.

American Noble Gas (NYSE:INFY - Get Free Report) last released its quarterly earnings results on Thursday, April 17th. The technology company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.01. The company had revenue of $4.79 billion during the quarter, compared to analysts' expectations 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 quarter in the prior year, the business posted $0.23 earnings per share. Equities analysts expect that American Noble Gas Inc. will post 0.74 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on INFY shares. 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 research note on Monday, April 21st. Stifel Nicolaus lowered their price objective on American Noble Gas from $18.00 to $17.00 and set a "hold" rating for the company in a research note on Monday, April 21st. Susquehanna upgraded American Noble Gas from a "negative" rating to a "neutral" rating and set a $17.00 price objective for the company in a research note on Monday, April 14th. Investec upgraded American Noble Gas from a "sell" rating to a "buy" rating in a research note on Friday, April 18th. Finally, Wall Street Zen raised American Noble Gas from a "hold" rating to a "buy" rating in a research note on Friday, May 16th. Six research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, American Noble Gas currently has a consensus rating of "Moderate Buy" and an average target price of $17.48.

American Noble Gas Company 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.