David Poole Buys 7,500 Shares of Infinity Natural Resources (NYSE:INR) Stock

Infinity Natural Resources Inc. (NYSE:INR) Director David Poole purchased 7,500 shares of Infinity Natural Resources stock in a transaction on Wednesday, June 10th. The stock was bought at an average price of $13.99 per share, with a total value of $104,925.00. Following the transaction, the director owned 23,646 shares of the company’s stock, valued at approximately $330,807.54. This represents a 46.45% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Infinity Natural Resources Trading Up 4.8%

NYSE:INR opened at $13.11 on Friday. The company has a debt-to-equity ratio of 2.98, a current ratio of 0.87 and a quick ratio of 0.87. Infinity Natural Resources Inc. has a 12-month low of $11.13 and a 12-month high of $19.90. The stock’s 50-day simple moving average is $15.26. The stock has a market capitalization of $833.13 million, a PE ratio of 4.68 and a beta of -0.54.

Infinity Natural Resources (NYSE:INR) last released its earnings results on Tuesday, March 10th. The company reported $1.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.67. Infinity Natural Resources had a return on equity of 42.90% and a net margin of 11.05%.The firm had revenue of $117.06 million during the quarter. On average, research analysts predict that Infinity Natural Resources Inc. will post 3.28 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Infinity Natural Resources

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Franklin Resources Inc. boosted its stake in Infinity Natural Resources by 11.8% during 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 boosted its stake in Infinity Natural Resources by 87.5% during the fourth quarter. CIBC Private Wealth Group LLC now owns 715,562 shares of the company’s stock valued at $10,540,000 after buying an additional 333,972 shares during the last quarter. Yaupon Capital Management LP boosted its stake in Infinity Natural Resources by 25.2% during the fourth quarter. Yaupon Capital Management LP now owns 467,360 shares of the company’s stock valued at $6,884,000 after buying an additional 94,104 shares during the last quarter. Geode Capital Management LLC boosted its stake in Infinity Natural Resources by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 346,738 shares of the company’s stock valued at $5,109,000 after buying an additional 4,618 shares during the last quarter. Finally, State Street Corp boosted its stake in Infinity Natural Resources by 19.9% during the fourth quarter. State Street Corp now owns 343,138 shares of the company’s stock valued at $5,054,000 after buying an additional 56,886 shares during the last quarter.

Wall Street Analyst Weigh In

Several research firms recently issued reports on INR. Wall Street Zen cut Infinity Natural Resources from a “strong-buy” rating to a “hold” rating in a research report on Saturday, May 16th. Zacks Research cut Infinity Natural Resources from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 26th. KeyCorp increased their target price on Infinity Natural Resources from $22.00 to $24.00 and gave the stock an “overweight” rating in a research report on Thursday, April 2nd. Weiss Ratings reiterated a “sell (d)” rating on shares of Infinity Natural Resources in a research report on Monday, May 4th. Finally, Citigroup cut their target price on Infinity Natural Resources from $25.00 to $20.00 and set a “buy” rating for the company in a research report on Tuesday, June 2nd. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $22.00.

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.