Public Employees Retirement System of Ohio Acquires New Stake in Infinity Natural Resources Inc. $INR

Public Employees Retirement System of Ohio bought a new position in shares of Infinity Natural Resources Inc. (NYSE:INR) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 87,850 shares of the company’s stock, valued at approximately $1,116,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. 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 in the last quarter. Renaissance Technologies LLC raised its holdings in shares of Infinity Natural Resources by 285.3% during the first quarter. Renaissance Technologies LLC now owns 337,100 shares of the company’s stock valued at $5,936,000 after acquiring an additional 249,600 shares during the period. Thomist Capital Management LP purchased a new stake in shares of Infinity Natural Resources in the fourth quarter valued at $3,082,000. Sei Investments Co. lifted its stake in Infinity Natural Resources by 153.6% in the 1st quarter. Sei Investments Co. now owns 275,422 shares of the company’s stock worth $4,850,000 after acquiring an additional 166,810 shares in the last quarter. Finally, Bank of America Corp DE lifted its position in shares of Infinity Natural Resources by 103.5% in the first quarter. Bank of America Corp DE now owns 325,748 shares of the company’s stock worth $5,736,000 after purchasing an additional 165,690 shares in the last quarter.

Infinity Natural Resources Price Performance

NYSE:INR opened at $15.53 on Wednesday. The firm has a market cap of $985.20 million, a PE ratio of 6.21 and a beta of -0.42. 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 Inc. has a 12 month low of $11.13 and a 12 month high of $19.58. The company’s 50-day moving average price is $13.71 and its two-hundred day moving average price is $14.98.

Infinity Natural Resources (NYSE:INR) last released its quarterly earnings results on Monday, August 10th. The company reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.02. The business had revenue of $171.02 million for the quarter. Infinity Natural Resources had a return on equity of 33.39% and a net margin of 11.64%. On average, equities analysts anticipate that Infinity Natural Resources Inc. will post 3.43 EPS for the current fiscal year.

Insiders Place Their Bets

In other Infinity Natural Resources news, Director Steven D. Gray acquired 25,000 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The shares were acquired at an average cost of $12.81 per share, for a total transaction of $320,250.00. Following the completion of the acquisition, the director directly owned 40,000 shares of the company’s stock, valued at approximately $512,400. This represents a 166.67% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David P. Poole acquired 4,000 shares of the company’s stock in a transaction that occurred on Thursday, June 11th. The stock was bought at an average price of $13.50 per share, with a total value of $54,000.00. Following the acquisition, the director directly owned 27,646 shares of the company’s stock, valued at $373,221. The trade was a 16.92% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders have bought 39,000 shares of company stock valued at $503,650. 40.90% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages recently issued reports on INR. Stephens cut their price objective on Infinity Natural Resources from $24.00 to $23.00 and set an “overweight” rating for the company in a report on Wednesday, July 8th. Zacks Research downgraded shares of Infinity Natural Resources from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 26th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $27.00 target price on shares of Infinity Natural Resources in a report on Tuesday, July 7th. Raymond James Financial cut their price objective 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. Finally, Texas Capital raised Infinity Natural Resources to a “strong-buy” rating in a research report on Thursday, June 25th. Two investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $24.00.

Infinity Natural Resources 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.