1492 Capital Management LLC Sells 85,800 Shares of Infinity Natural Resources Inc. $INR

1492 Capital Management LLC cut its position in shares of Infinity Natural Resources Inc. (NYSE:INR) by 33.1% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 173,291 shares of the company’s stock after selling 85,800 shares during the quarter. 1492 Capital Management LLC’s holdings in Infinity Natural Resources were worth $3,052,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Invesco Ltd. raised its position in shares of Infinity Natural Resources by 18.6% in the 4th quarter. Invesco Ltd. now owns 16,853 shares of the company’s stock worth $248,000 after acquiring an additional 2,643 shares in the last quarter. XTX Topco Ltd lifted its stake in shares of Infinity Natural Resources by 266.3% in the 4th quarter. XTX Topco Ltd now owns 73,520 shares of the company’s stock valued at $1,083,000 after purchasing an additional 53,447 shares during the period. Yaupon Capital Management LP boosted its position in shares of Infinity Natural Resources by 25.2% during the 4th quarter. Yaupon Capital Management LP now owns 467,360 shares of the company’s stock valued at $6,884,000 after purchasing an additional 94,104 shares in the last quarter. PDT Partners LLC bought a new stake in shares of Infinity Natural Resources during the 4th quarter valued at about $399,000. Finally, AQR Capital Management LLC grew its stake in Infinity Natural Resources by 411.3% during the fourth quarter. AQR Capital Management LLC now owns 111,931 shares of the company’s stock worth $1,649,000 after purchasing an additional 90,039 shares during the period.

Wall Street Analyst Weigh In

INR has been the subject of a number of research analyst reports. Weiss Ratings reiterated a “sell (d)” rating on shares of Infinity Natural Resources in a report on Monday, May 4th. Zacks Research cut Infinity Natural Resources from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 26th. Texas Capital upgraded shares of Infinity Natural Resources to a “strong-buy” rating in a research note on Thursday. Wall Street Zen downgraded shares of Infinity Natural Resources from a “strong-buy” rating to a “hold” rating in a research report on Saturday, May 16th. Finally, KeyCorp increased their target price on shares of Infinity Natural Resources from $22.00 to $24.00 and gave the stock an “overweight” rating in a research note on Thursday, April 2nd. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $22.00.

Infinity Natural Resources Stock Up 1.9%

Shares of INR opened at $12.95 on Friday. The stock has a fifty day moving average price of $14.47. Infinity Natural Resources Inc. has a 12-month low of $11.13 and a 12-month high of $19.58. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 2.98. The company has a market cap of $822.90 million, a PE ratio of 4.63 and a beta of -0.54.

Insider Buying and Selling at Infinity Natural Resources

In other Infinity Natural Resources news, Director Steven D. Gray acquired 25,000 shares of the company’s stock in a transaction on Friday, June 12th. The shares were purchased at an average cost of $12.81 per share, with a total value of $320,250.00. Following the completion of the purchase, the director owned 40,000 shares of the company’s stock, valued at approximately $512,400. This represents a 166.67% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director David P. Poole acquired 7,500 shares of the company’s stock in a transaction on Wednesday, June 10th. The stock was acquired at an average cost of $13.99 per share, for a total transaction of $104,925.00. Following the completion of the purchase, the director directly owned 23,646 shares of the company’s stock, valued at approximately $330,807.54. This represents a 46.45% increase in their position. The SEC filing for this purchase provides additional information. In the last three months, insiders have bought 111,400 shares of company stock worth $1,483,841. Corporate insiders own 40.90% of the company’s stock.

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.