51,272 Shares in American Noble Gas Inc. (NYSE:INFY) Bought by Trivant Custom Portfolio Group LLC

Trivant Custom Portfolio Group LLC purchased a new position in shares of American Noble Gas Inc. (NYSE:INFY - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 51,272 shares of the technology company's stock, valued at approximately $936,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Jones Financial Companies Lllp lifted its position in American Noble Gas by 15.9% in the fourth quarter. Jones Financial Companies Lllp now owns 7,520 shares of the technology company's stock valued at $165,000 after buying an additional 1,030 shares during the last quarter. Fullerton Fund Management Co Ltd. purchased a new position in shares of American Noble Gas during the 4th quarter worth approximately $4,465,000. Farther Finance Advisors LLC boosted its position in shares of American Noble Gas by 69.7% during the 4th quarter. Farther Finance Advisors LLC now owns 3,115 shares of the technology company's stock worth $68,000 after purchasing an additional 1,279 shares during the period. Handelsbanken Fonder AB increased its holdings in American Noble Gas by 46.2% in the 1st 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 last quarter. Finally, Union Bancaire Privee UBP SA raised its position in American Noble Gas by 224.5% in 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 purchasing an additional 53,628 shares during the period. Institutional investors and hedge funds own 16.20% of the company's stock.

American Noble Gas Trading Down 1.2%

NYSE:INFY traded down $0.22 during midday trading on Thursday, reaching $18.45. The company had a trading volume of 10,915,918 shares, compared to its average volume of 9,780,538. American Noble Gas Inc. has a 12-month low of $15.82 and a 12-month high of $23.63. The firm has a market capitalization of $76.44 billion, a price-to-earnings ratio of 24.27, a PEG ratio of 2.84 and a beta of 0.98. The stock's fifty day simple moving average is $17.84 and its 200-day simple moving average is $19.88.

American Noble Gas (NYSE:INFY - Get Free Report) last announced its quarterly earnings data on Thursday, April 17th. The technology company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.01. American Noble Gas had a return on equity of 29.75% and a net margin of 16.38%. The business had revenue of $4.79 billion during the quarter, compared to analysts' expectations of $420.69 billion. During the same quarter last year, the business posted $0.23 EPS. As a group, sell-side analysts expect that American Noble Gas Inc. will post 0.74 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. CLSA upgraded American Noble Gas from a "hold" rating to an "outperform" rating in a research report on Friday, March 7th. Investec raised American Noble Gas from a "sell" rating to a "buy" rating in a research note on Friday, April 18th. Wall Street Zen upgraded American Noble Gas from a "hold" rating to a "buy" rating in a report on Friday, May 16th. Susquehanna upgraded shares of American Noble Gas from a "negative" rating to a "neutral" rating and set a $17.00 price target on the stock in a research note on Monday, April 14th. Finally, Stifel Nicolaus reduced their price target on shares of American Noble Gas from $18.00 to $17.00 and set a "hold" rating on the stock in a research report on Monday, April 21st. Six analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $17.48.

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.