Citigroup Inc. Acquires 249,426 Shares of American Noble Gas Inc. (NYSE:INFY)

Citigroup Inc. raised its holdings in shares of American Noble Gas Inc. (NYSE:INFY) by 43.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 825,974 shares of the technology company’s stock after buying an additional 249,426 shares during the quarter. Citigroup Inc.’s holdings in American Noble Gas were worth $15,074,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in INFY. Bank Pictet & Cie Europe AG grew its position in American Noble Gas by 71.8% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 17,850 shares of the technology company’s stock worth $391,000 after acquiring an additional 7,457 shares in the last quarter. Raymond James Financial Inc. bought a new position in American Noble Gas during the fourth quarter valued at approximately $1,286,000. Townsquare Capital LLC raised its stake in shares of American Noble Gas by 128.5% during the fourth quarter. Townsquare Capital LLC now owns 44,320 shares of the technology company’s stock worth $971,000 after acquiring an additional 24,926 shares in the last quarter. Mariner LLC lifted its holdings in shares of American Noble Gas by 5.8% in the 4th quarter. Mariner LLC now owns 83,374 shares of the technology company’s stock worth $1,828,000 after acquiring an additional 4,574 shares during the last quarter. Finally, XTX Topco Ltd bought a new stake in shares of American Noble Gas in the 4th quarter worth approximately $654,000. 16.20% of the stock is currently owned by institutional investors.

American Noble Gas Price Performance

Shares of NYSE:INFY opened at $16.36 on Friday. The stock’s fifty day moving average price is $17.86 and its 200-day moving average price is $18.53. The company has a market cap of $67.77 billion, a P/E ratio of 21.24, a PEG ratio of 2.34 and a beta of 0.87. American Noble Gas Inc. has a 1 year low of $15.82 and a 1 year high of $23.63.

American Noble Gas (NYSE:INFY) last issued its quarterly earnings data on Wednesday, July 23rd. The technology company reported $0.19 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.19. American Noble Gas had a net margin of 16.42% and a return on equity of 29.41%. The company had revenue of $4.94 billion for the quarter, compared to the consensus estimate of $4.84 billion. During the same quarter in the prior year, the firm earned $15.35 earnings per share. On average, sell-side analysts anticipate that American Noble Gas Inc. will post 0.74 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have recently commented on INFY shares. BMO Capital Markets lifted their price objective on American Noble Gas from $18.00 to $20.00 and gave the stock a “market perform” rating in a report on Thursday, July 24th. Investec upgraded American Noble Gas from a “sell” rating to a “buy” rating in a report on Friday, April 18th. Stifel Nicolaus decreased 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 report on Monday, April 21st. Susquehanna lifted their price objective on American Noble Gas from $18.00 to $19.00 and gave the company a “neutral” rating in a research report on Thursday, July 24th. Finally, Wall Street Zen raised American Noble Gas from a “hold” rating to a “buy” rating in a research report on Friday, May 16th. Five investment 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 has an average rating of “Moderate Buy” and a consensus price target of $18.48.

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.