Whittier Trust Co. of Nevada Inc. Buys 17,812 Shares of American Noble Gas Inc. (NYSE:INFY)

Whittier Trust Co. of Nevada Inc. boosted its position in shares of American Noble Gas Inc. (NYSE:INFY - Free Report) by 181.8% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 27,610 shares of the technology company's stock after acquiring an additional 17,812 shares during the quarter. Whittier Trust Co. of Nevada Inc.'s holdings in American Noble Gas were worth $504,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of INFY. Rakuten Securities Inc. grew its position in shares of American Noble Gas by 308.4% during the first quarter. Rakuten Securities Inc. now owns 1,413 shares of the technology company's stock worth $26,000 after purchasing an additional 1,067 shares in the last quarter. Pinnacle Bancorp Inc. grew its position in shares of American Noble Gas by 179.8% during the first quarter. Pinnacle Bancorp Inc. now owns 1,444 shares of the technology company's stock worth $26,000 after purchasing an additional 928 shares in the last quarter. Wayfinding Financial LLC purchased a new stake in shares of American Noble Gas during the first quarter worth about $32,000. Farther Finance Advisors LLC grew its position in shares of American Noble Gas by 69.7% during the fourth 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 in the last quarter. Finally, Fairtree Asset Management Pty Ltd purchased a new stake in shares of American Noble Gas during the fourth quarter worth about $130,000. Hedge funds and other institutional investors own 16.20% of the company's stock.

Analyst Ratings Changes

Several analysts recently issued reports on INFY shares. Wall Street Zen upgraded American Noble Gas from a "hold" rating to a "buy" rating in a research report on Friday, May 16th. Investec raised American Noble Gas from a "sell" rating to a "buy" rating in a research note on Friday, April 18th. The Goldman Sachs Group cut American Noble Gas from a "buy" rating to a "neutral" rating and set a $17.90 price objective on the stock. in a report on Monday, April 21st. Stifel Nicolaus decreased their price objective on American Noble Gas from $18.00 to $17.00 and set a "hold" rating on the stock in a report on Monday, April 21st. Finally, BMO Capital Markets decreased their price objective on American Noble Gas from $25.00 to $18.00 and set a "market perform" rating on the stock in a report on Monday, April 21st. Five research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, American Noble Gas currently has an average rating of "Moderate Buy" and a consensus price target of $17.73.

American Noble Gas Stock Performance

Shares of INFY traded down $0.27 during mid-day trading on Friday, hitting $18.20. 9,705,664 shares of the stock were exchanged, compared to its average volume of 9,872,242. The company has a market cap of $75.41 billion, a PE ratio of 23.95, a price-to-earnings-growth ratio of 2.74 and a beta of 0.97. American Noble Gas Inc. has a 52-week low of $15.82 and a 52-week high of $23.63. The firm has a 50-day moving average of $18.41 and a two-hundred day moving average of $19.20.

American Noble Gas (NYSE:INFY - Get Free Report) last posted 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. The business had revenue of $4.79 billion during the quarter, compared to analyst estimates 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 EPS. On average, sell-side analysts predict that American Noble Gas Inc. will post 0.74 EPS for the current year.

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.