Infinity Natural Resources Inc. $INR Shares Acquired by Sei Investments Co.

Sei Investments Co. increased its holdings in shares of Infinity Natural Resources Inc. (NYSE:INR) by 153.6% during the first quarter, HoldingsChannel reports. The fund owned 275,422 shares of the company’s stock after buying an additional 166,810 shares during the period. Sei Investments Co.’s holdings in Infinity Natural Resources were worth $4,850,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of INR. Walleye Capital LLC grew its stake in shares of Infinity Natural Resources by 74.0% during the 1st quarter. Walleye Capital LLC now owns 146,557 shares of the company’s stock worth $2,581,000 after purchasing an additional 62,343 shares during the period. CI Investments Inc. boosted its holdings in Infinity Natural Resources by 3.3% during the first quarter. CI Investments Inc. now owns 275,132 shares of the company’s stock worth $4,845,000 after buying an additional 8,673 shares in the last quarter. Amova Asset Management Americas Inc. grew its position in Infinity Natural Resources by 23.7% during the first quarter. Amova Asset Management Americas Inc. now owns 65,743 shares of the company’s stock worth $1,156,000 after buying an additional 12,602 shares during the period. Bank of New York Mellon Corp increased its holdings in Infinity Natural Resources by 2.3% in the first quarter. Bank of New York Mellon Corp now owns 64,485 shares of the company’s stock valued at $1,136,000 after buying an additional 1,429 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. lifted its position in shares of Infinity Natural Resources by 23.7% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 65,743 shares of the company’s stock valued at $1,158,000 after acquiring an additional 12,602 shares during the period.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on INR. Citigroup reaffirmed a “buy” rating on shares of Infinity Natural Resources in a research note on Tuesday, July 14th. Texas Capital upgraded Infinity Natural Resources to a “strong-buy” rating in a research report on Thursday, June 25th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $27.00 price target on shares of Infinity Natural Resources in a research note on Tuesday, July 7th. Zacks Research cut shares of Infinity Natural Resources from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. Finally, Raymond James Financial cut their target price on shares of Infinity Natural Resources from $30.00 to $26.00 and set a “strong-buy” rating for the company in a research report on Wednesday, July 8th. Two investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Infinity Natural Resources has a consensus rating of “Moderate Buy” and a consensus target price of $24.00.

Infinity Natural Resources Stock Down 0.8%

NYSE INR opened at $12.74 on Thursday. The company has a debt-to-equity ratio of 2.98, a quick ratio of 0.87 and a current ratio of 0.87. Infinity Natural Resources Inc. has a fifty-two week low of $11.13 and a fifty-two week high of $19.58. The business has a fifty day moving average of $12.99. The firm has a market capitalization of $809.12 million, a PE ratio of 4.55 and a beta of -0.52.

Insider Activity

In other news, Director William J. Quinn acquired 44,000 shares of Infinity Natural Resources stock in a transaction that occurred on Friday, June 5th. The shares were acquired at an average price of $13.19 per share, with a total value of $580,360.00. Following the completion of the purchase, the director owned 54,503 shares of the company’s stock, valued at approximately $718,894.57. This represents a 418.93% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Scott Gieselman bought 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The shares were purchased at an average price of $14.10 per share, for a total transaction of $282,000.00. Following the transaction, the director owned 70,900 shares of the company’s stock, valued at $999,690. The trade was a 39.29% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders bought 111,400 shares of company stock worth $1,483,841. Company insiders own 40.90% of the company’s stock.

Infinity Natural Resources Company Profile

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.