Baldwin Investment Management LLC Sells 1,250 Shares of American Noble Gas Inc. (NYSE:INFY)

Baldwin Investment Management LLC lessened its position in American Noble Gas Inc. (NYSE:INFY) by 1.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 75,974 shares of the technology company’s stock after selling 1,250 shares during the quarter. Baldwin Investment Management LLC’s holdings in American Noble Gas were worth $1,387,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Rakuten Securities Inc. increased its stake in American Noble Gas by 308.4% in the first quarter. Rakuten Securities Inc. now owns 1,413 shares of the technology company’s stock valued at $26,000 after acquiring an additional 1,067 shares during the last quarter. Pinnacle Bancorp Inc. increased its stake in American Noble Gas by 179.8% in the first quarter. Pinnacle Bancorp Inc. now owns 1,444 shares of the technology company’s stock valued at $26,000 after acquiring an additional 928 shares during the last quarter. Wayfinding Financial LLC bought a new position in shares of American Noble Gas during the first quarter valued at about $32,000. Cullen Frost Bankers Inc. bought a new position in shares of American Noble Gas during the first quarter valued at about $57,000. Finally, GAMMA Investing LLC grew its stake in shares of American Noble Gas by 32.4% during the first quarter. GAMMA Investing LLC now owns 5,951 shares of the technology company’s stock valued at $109,000 after buying an additional 1,455 shares during the last quarter. Institutional investors own 16.20% of the company’s stock.

American Noble Gas Trading Down 1.8%

American Noble Gas stock opened at $17.36 on Monday. The firm has a 50-day moving average of $18.35 and a 200-day moving average of $19.01. The firm has a market cap of $71.91 billion, a P/E ratio of 22.54, a P/E/G ratio of 2.49 and a beta of 0.97. 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 posted its earnings results on Wednesday, July 23rd. The technology company reported $0.19 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.19. The company had revenue of $4.94 billion during the quarter, compared to analyst estimates of $4.84 billion. American Noble Gas had a net margin of 16.42% and a return on equity of 29.41%. During the same period in the prior year, the business posted $15.35 earnings per share. Research analysts forecast that American Noble Gas Inc. will post 0.74 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

INFY has been the topic of a number of recent research reports. Wall Street Zen raised American Noble Gas from a “hold” rating to a “buy” rating in a research note on Friday, May 16th. Susquehanna raised their price objective on American Noble Gas from $18.00 to $19.00 and gave the company a “neutral” rating in a research note on Thursday. 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 research note on Monday, April 21st. Investec raised American Noble Gas from a “sell” rating to a “buy” rating in a research note on Friday, April 18th. Finally, BMO Capital Markets raised their price objective on American Noble Gas from $18.00 to $20.00 and gave the company a “market perform” rating in a research note on Thursday. Five research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $18.48.

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.