William Quinn Buys 44,000 Shares of Infinity Natural Resources (NYSE:INR) Stock

Infinity Natural Resources Inc. (NYSE:INR) Director William Quinn purchased 44,000 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The stock was bought at an average cost of $13.19 per share, for a total transaction of $580,360.00. Following the completion of the acquisition, the director directly owned 54,503 shares in the company, valued at $718,894.57. The trade was a 418.93% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Infinity Natural Resources Stock Performance

Shares of NYSE:INR opened at $13.59 on Wednesday. The business has a 50-day moving average of $15.54. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 2.98. The stock has a market cap of $863.18 million, a P/E ratio of 4.85 and a beta of -0.54. Infinity Natural Resources Inc. has a fifty-two week low of $11.13 and a fifty-two week high of $19.90.

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

Analyst Ratings Changes

INR has been the topic of several recent research reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Infinity Natural Resources in a report on Monday, May 4th. Citigroup dropped their price objective on shares of Infinity Natural Resources from $25.00 to $20.00 and set a “buy” rating on the stock in a report on Tuesday, June 2nd. KeyCorp upped their price objective on shares of Infinity Natural Resources from $22.00 to $24.00 and gave the company an “overweight” rating in a report on Thursday, April 2nd. 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. Finally, Zacks Research downgraded shares of Infinity Natural Resources from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 26th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $22.00.

Institutional Investors Weigh In On Infinity Natural Resources

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Franklin Resources Inc. increased its position in shares of 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 period. CIBC Private Wealth Group LLC increased its position in shares of 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 period. Yaupon Capital Management LP increased its position in shares of 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 period. Geode Capital Management LLC increased its position in shares of 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 period. Finally, State Street Corp increased its position in shares of Infinity Natural Resources by 19.9% in the fourth quarter. State Street Corp now owns 343,138 shares of the company’s stock worth $5,054,000 after purchasing an additional 56,886 shares during the last quarter.

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.