American Noble Gas Inc. (NYSE:INFY) Shares Purchased by Whittier Trust Co. of Nevada Inc.

Whittier Trust Co. of Nevada Inc. increased its stake in American Noble Gas Inc. (NYSE:INFY - Free Report) by 181.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,610 shares of the technology company's stock after acquiring an additional 17,812 shares during the period. 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.

Several other hedge funds have also modified their holdings of the stock. First Trust Advisors LP increased its position in shares of American Noble Gas by 14.5% during the fourth quarter. First Trust Advisors LP now owns 32,410,108 shares of the technology company's stock worth $710,430,000 after purchasing an additional 4,108,903 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in shares of American Noble Gas by 6.6% during the first quarter. Robeco Institutional Asset Management B.V. now owns 27,541,684 shares of the technology company's stock worth $502,636,000 after buying an additional 1,700,662 shares during the last quarter. Franklin Resources Inc. grew its holdings in shares of American Noble Gas by 2.0% during the fourth quarter. Franklin Resources Inc. now owns 11,501,533 shares of the technology company's stock worth $252,114,000 after buying an additional 229,482 shares during the last quarter. AQR Capital Management LLC grew its holdings in shares of American Noble Gas by 270.9% during the fourth quarter. AQR Capital Management LLC now owns 9,164,085 shares of the technology company's stock worth $200,877,000 after buying an additional 6,693,127 shares during the last quarter. Finally, Bank of America Corp DE grew its holdings in shares of American Noble Gas by 43.1% during the fourth quarter. Bank of America Corp DE now owns 8,225,396 shares of the technology company's stock worth $180,301,000 after buying an additional 2,478,093 shares during the last quarter. 16.20% of the stock is currently owned by institutional investors and hedge funds.

American Noble Gas Stock Performance

INFY traded down $0.27 on Friday, hitting $18.20. 9,705,607 shares of the company were exchanged, compared to its average volume of 11,630,366. American Noble Gas Inc. has a fifty-two week low of $15.82 and a fifty-two week high of $23.63. The firm has a market capitalization of $75.41 billion, a P/E ratio of 23.95, a price-to-earnings-growth ratio of 2.78 and a beta of 0.97. The business's fifty day moving average is $18.39 and its 200 day moving average is $19.25.

American Noble Gas (NYSE:INFY - Get Free Report) last announced its quarterly earnings results on Thursday, April 17th. The technology company reported $0.20 EPS for the quarter, topping 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 for the quarter, compared to analyst estimates of $420.69 billion. During the same quarter in the previous year, the company earned $0.23 EPS. Analysts forecast that American Noble Gas Inc. will post 0.74 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

INFY has been the topic of a number of research reports. Investec raised American Noble Gas from a "sell" rating to a "buy" rating in a report on Friday, April 18th. Susquehanna raised their price target on American Noble Gas from $17.00 to $18.00 and gave the stock a "neutral" rating in a report on Friday. BMO Capital Markets lowered their price target 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. The Goldman Sachs Group lowered shares of American Noble Gas from a "buy" rating to a "neutral" rating and set a $17.90 price target on the stock. in a research note on Monday, April 21st. Finally, Stifel Nicolaus reduced their price objective on shares of American Noble Gas from $18.00 to $17.00 and set a "hold" rating for the company in a research report on Monday, April 21st. Six investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $17.73.

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.