American Noble Gas Inc. $INFY Shares Sold by Wellington Management Group LLP

Key Points

• Wellington Management Group LLP reduced its stake in American Noble Gas Inc. by 37.4%, now holding 1,291,182 shares worth approximately $23.56 million.
• Several institutional investors have adjusted their holdings, with notable increases from Kovitz Investment Group (5.9%) and Rakuten Securities (308.4%) during the first quarter.
• American Noble Gas reported $4.94 billion in revenue for the last quarter, matching analysts' expectations, while maintaining a net margin of 16.42%.

Wellington Management Group LLP cut its stake in American Noble Gas Inc. (NYSE:INFY - Free Report) by 37.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,291,182 shares of the technology company's stock after selling 770,619 shares during the quarter. Wellington Management Group LLP's holdings in American Noble Gas were worth $23,564,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Fullerton Fund Management Co Ltd. bought a new position in shares of American Noble Gas in the 4th quarter worth approximately $4,465,000. Handelsbanken Fonder AB lifted its stake in shares of American Noble Gas by 46.2% in the 1st quarter. Handelsbanken Fonder AB now owns 131,592 shares of the technology company's stock worth $2,402,000 after purchasing an additional 41,592 shares during the period. Union Bancaire Privee UBP SA lifted its stake in shares of American Noble Gas by 224.5% in the 1st quarter. Union Bancaire Privee UBP SA now owns 77,518 shares of the technology company's stock worth $1,344,000 after purchasing an additional 53,628 shares during the period. Principal Financial Group Inc. lifted its stake in shares of American Noble Gas by 272.8% in the 1st quarter. Principal Financial Group Inc. now owns 152,443 shares of the technology company's stock worth $2,782,000 after purchasing an additional 111,553 shares during the period. Finally, Captrust Financial Advisors grew its holdings in American Noble Gas by 5.5% during the fourth quarter. Captrust Financial Advisors now owns 22,915 shares of the technology company's stock valued at $502,000 after purchasing an additional 1,197 shares during the period. Institutional investors own 16.20% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on the company. Susquehanna boosted their price target on American Noble Gas from $18.00 to $19.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. BMO Capital Markets increased their price target on American Noble Gas from $18.00 to $20.00 and gave the company a "market perform" rating in a research note on Thursday, July 24th. Finally, Wall Street Zen raised American Noble Gas from a "hold" rating to a "buy" rating in a research note on Friday, May 16th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $18.48.

American Noble Gas Stock Down 1.1%

Shares of American Noble Gas stock traded down $0.19 on Friday, reaching $16.81. 17,333,207 shares of the stock were exchanged, compared to its average volume of 19,138,494. American Noble Gas Inc. has a twelve month low of $15.82 and a twelve month high of $23.63. The firm has a market capitalization of $69.65 billion, a price-to-earnings ratio of 21.83, a PEG ratio of 2.43 and a beta of 0.87. The business has a 50 day moving average price of $17.54 and a two-hundred day moving average price of $18.15.

American Noble Gas (NYSE:INFY - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The technology company reported $0.19 EPS 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 for the quarter, compared to analyst estimates of $4.84 billion. During the same period last year, the company earned $15.35 earnings per share. American Noble Gas has set its FY 2026 guidance at EPS. Research analysts forecast that American Noble Gas Inc. will post 0.74 EPS for the current year.

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.