Public Employees Retirement System of Ohio Invests $1.12 Million in Infinity Natural Resources Inc. $INR

Public Employees Retirement System of Ohio bought a new stake in Infinity Natural Resources Inc. (NYSE:INR) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 87,850 shares of the company’s stock, valued at approximately $1,116,000. Public Employees Retirement System of Ohio owned approximately 0.14% of Infinity Natural Resources as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Franklin Resources Inc. increased its holdings in Infinity Natural Resources by 11.8% in the fourth quarter. Franklin Resources Inc. now owns 1,299,091 shares of the company’s stock valued at $19,136,000 after buying an additional 137,247 shares during the last quarter. CIBC Private Wealth Group LLC lifted its holdings in Infinity Natural Resources by 87.5% during the 4th quarter. CIBC Private Wealth Group LLC now owns 715,562 shares of the company’s stock worth $10,540,000 after buying an additional 333,972 shares during the last quarter. Yaupon Capital Management LP lifted its holdings in Infinity Natural Resources by 25.2% during the 4th quarter. Yaupon Capital Management LP now owns 467,360 shares of the company’s stock worth $6,884,000 after buying an additional 94,104 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Infinity Natural Resources by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 346,738 shares of the company’s stock worth $5,109,000 after acquiring an additional 4,618 shares in the last quarter. Finally, State Street Corp grew its position in shares of Infinity Natural Resources by 19.9% in the 4th quarter. State Street Corp now owns 343,138 shares of the company’s stock worth $5,054,000 after acquiring an additional 56,886 shares in the last quarter.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on INR shares. Citigroup reissued a “buy” rating on shares of Infinity Natural Resources in a research report on Wednesday, August 19th. Wall Street Zen downgraded shares of Infinity Natural Resources from a “strong-buy” rating to a “hold” rating in a report on Saturday, May 16th. Weiss Ratings upgraded shares of Infinity Natural Resources from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, August 13th. Zacks Research cut shares of Infinity Natural Resources from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 26th. Finally, Raymond James Financial reduced their price target on shares of Infinity Natural Resources from $30.00 to $26.00 and set a “strong-buy” rating on the stock in a research report on Wednesday, July 8th. Two analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $24.00.

Infinity Natural Resources Stock Down 0.5%

INR stock opened at $15.53 on Wednesday. The stock has a market cap of $985.20 million, a PE ratio of 6.21 and a beta of -0.42. The firm’s 50-day simple moving average is $13.71 and its 200 day simple moving average is $14.98. Infinity Natural Resources Inc. has a fifty-two week low of $11.13 and a fifty-two week high of $19.58. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.35.

Infinity Natural Resources (NYSE:INR) last posted its earnings results on Monday, August 10th. The company reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.02. Infinity Natural Resources had a net margin of 11.64% and a return on equity of 33.39%. The firm had revenue of $171.02 million during the quarter. As a group, sell-side analysts predict that Infinity Natural Resources Inc. will post 3.43 EPS for the current year.

Insider Transactions at Infinity Natural Resources

In other Infinity Natural Resources news, Director Scott Gieselman bought 10,000 shares of the stock in a transaction that occurred on Wednesday, June 17th. The shares were purchased at an average cost of $12.94 per share, for a total transaction of $129,400.00. Following the transaction, the director directly owned 95,000 shares in the company, valued at $1,229,300. The trade was a 11.76% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David Poole purchased 4,000 shares of Infinity Natural Resources stock in a transaction on Thursday, June 11th. The shares were acquired at an average price of $13.50 per share, with a total value of $54,000.00. Following the transaction, the director directly owned 27,646 shares in the company, valued at $373,221. This trade represents a 16.92% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders acquired 39,000 shares of company stock worth $503,650. Company insiders own 40.90% of the company’s stock.

About Infinity Natural Resources

We are a growth oriented, free cash flow generating, independent energy company focused on the acquisition, development, and production of hydrocarbons in the Appalachian Basin. We are focused on creating shareholder value through the identification and disciplined development of low-risk, highly economic oil and natural gas assets while maintaining a strong and flexible balance sheet. Additionally, we have proven our ability to grow our acreage position through organic leasing efforts and accretive acquisitions.