Infinity Natural Resources (NYSE:INR) Director Purchases $129,400.00 in Stock

Infinity Natural Resources Inc. (NYSE:INR) Director Scott Gieselman purchased 10,000 shares of the business’s stock in a transaction dated Wednesday, June 17th. The shares were purchased at an average cost of $12.94 per share, with a total value of $129,400.00. Following the completion of the purchase, the director directly owned 95,000 shares in the company, valued at approximately $1,229,300. This represents a 11.76% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Scott Gieselman also recently made the following trade(s):

• On Tuesday, May 26th, Scott Gieselman acquired 20,000 shares of Infinity Natural Resources stock. The stock was purchased at an average price of $14.10 per share, for a total transaction of $282,000.00.
• On Friday, May 22nd, Scott Gieselman bought 900 shares of Infinity Natural Resources stock. The stock was acquired at an average price of $14.34 per share, with a total value of $12,906.00.

Infinity Natural Resources Stock Up 0.5%

Shares of INR opened at $12.86 on Friday. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 2.98. Infinity Natural Resources Inc. has a 12 month low of $11.13 and a 12 month high of $19.90. The business’s fifty day simple moving average is $14.82. The firm has a market cap of $816.77 million, a price-to-earnings ratio of 4.59 and a beta of -0.54.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Citigroup lowered their target price on shares of Infinity Natural Resources from $25.00 to $20.00 and set a “buy” rating on the stock in a research note on Tuesday, June 2nd. Weiss Ratings restated a “sell (d)” rating on shares of Infinity Natural Resources in a report on Monday, May 4th. Wall Street Zen lowered Infinity Natural Resources from a “strong-buy” rating to a “hold” rating in a research note 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. Finally, KeyCorp raised their target price on Infinity Natural Resources from $22.00 to $24.00 and gave the company an “overweight” rating in a report on Thursday, April 2nd. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Infinity Natural Resources presently has an average rating of “Hold” and an average price target of $22.00.

Hedge Funds Weigh In On Infinity Natural Resources

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Zions Bancorporation National Association UT bought a new position in shares of Infinity Natural Resources during the fourth quarter valued at $75,000. Connors Investor Services Inc. acquired a new position in Infinity Natural Resources in the fourth quarter valued at about $191,000. Lazard Asset Management LLC bought a new stake in Infinity Natural Resources during the fourth quarter worth about $219,000. Invesco Ltd. increased its holdings in shares of Infinity Natural Resources by 18.6% during the fourth quarter. Invesco Ltd. now owns 16,853 shares of the company’s stock worth $248,000 after buying an additional 2,643 shares in the last quarter. Finally, Wells Fargo & Company MN raised its stake in shares of Infinity Natural Resources by 51.9% in the fourth quarter. Wells Fargo & Company MN now owns 17,246 shares of the company’s stock valued at $254,000 after acquiring an additional 5,891 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.