Bleakley Financial Group LLC Buys New Stake in Infinity Natural Resources Inc. $INR

Bleakley Financial Group LLC bought a new stake in shares of Infinity Natural Resources Inc. (NYSE:INR) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 41,434 shares of the company’s stock, valued at approximately $610,000. Bleakley Financial Group LLC owned 0.07% of Infinity Natural Resources at the end of the most recent reporting period.

Separately, Connors Investor Services Inc. acquired a new position in Infinity Natural Resources during the fourth quarter valued at $191,000.

Insider Activity

In other Infinity Natural Resources news, insider David Sproule sold 275,000 shares of the firm’s stock in a transaction on Wednesday, March 18th. The shares were sold at an average price of $17.43, for a total transaction of $4,793,250.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Scott Gieselman acquired 20,000 shares of the stock in a transaction on Tuesday, May 26th. The shares were acquired at an average cost of $14.10 per share, for a total transaction of $282,000.00. Following the completion of the transaction, the director directly owned 70,900 shares in the company, valued at $999,690. The trade was a 39.29% increase in their position. The SEC filing for this purchase provides additional information. 40.90% of the stock is currently owned by insiders.

Infinity Natural Resources Stock Down 1.3%

Infinity Natural Resources stock opened at $13.61 on Friday. The firm has a market cap of $864.64 million, a price-to-earnings ratio of 4.86 and a beta of -0.33. Infinity Natural Resources Inc. has a 52-week low of $11.13 and a 52-week high of $19.90. The company has a debt-to-equity ratio of 2.98, a quick ratio of 0.87 and a current ratio of 0.87. The business’s 50 day simple moving average is $16.16.

Infinity Natural Resources (NYSE:INR) last announced its quarterly earnings data on Tuesday, March 10th. The company reported $1.32 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.67. Infinity Natural Resources had a net margin of 11.05% and a return on equity of 42.90%. The company had revenue of $117.06 million for the quarter. On average, equities research analysts anticipate that Infinity Natural Resources Inc. will post 3.49 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have weighed in on INR shares. Weiss Ratings reiterated a “sell (d)” rating on shares of Infinity Natural Resources in a research report on Monday, May 4th. Zacks Research downgraded shares of Infinity Natural Resources from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Citigroup upped their price objective on shares of Infinity Natural Resources from $24.00 to $25.00 and gave the stock a “buy” rating in a research report on Tuesday, March 31st. 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 upped their price target on shares of Infinity Natural Resources from $22.00 to $24.00 and gave the stock an “overweight” rating in a research report on Thursday, April 2nd. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $24.50.

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.