David Sproule Sells 275,000 Shares of Infinity Natural Resources (NYSE:INR) Stock

Infinity Natural Resources Inc. (NYSE:INR) insider David Sproule sold 275,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $17.43, for a total transaction of $4,793,250.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Infinity Natural Resources Trading Down 1.3%

Infinity Natural Resources stock traded down $0.24 during mid-day trading on Thursday, reaching $17.60. 478,320 shares of the company traded hands, compared to its average volume of 213,910. The firm has a market capitalization of $1.07 billion, a price-to-earnings ratio of 19.99 and a beta of 0.23. Infinity Natural Resources Inc. has a fifty-two week low of $11.13 and a fifty-two week high of $19.90. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.49.

Infinity Natural Resources (NYSE:INR) last posted its quarterly earnings data on Tuesday, March 10th. The company reported $1.32 EPS for the quarter, topping the consensus estimate of $0.65 by $0.67. Infinity Natural Resources had a net margin of 4.04% and a return on equity of 10.40%. The business had revenue of $117.06 million during the quarter.

Hedge Funds Weigh In On Infinity Natural Resources

Institutional investors have recently modified their holdings of the stock. Barclays PLC raised its position in Infinity Natural Resources by 10.5% during the fourth quarter. Barclays PLC now owns 24,458 shares of the company’s stock worth $360,000 after acquiring an additional 2,334 shares during the period. Invesco Ltd. increased its stake 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 purchasing an additional 2,643 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Infinity Natural Resources by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 346,738 shares of the company’s stock worth $5,109,000 after purchasing an additional 4,618 shares during the last quarter. Zions Bancorporation National Association UT purchased a new position in Infinity Natural Resources in the 4th quarter valued at about $75,000. Finally, Jane Street Group LLC boosted its holdings in Infinity Natural Resources by 12.3% in the 4th quarter. Jane Street Group LLC now owns 49,996 shares of the company’s stock worth $736,000 after buying an additional 5,490 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on INR shares. Weiss Ratings started coverage on Infinity Natural Resources in a research note on Thursday, February 5th. They issued a “sell (d)” rating for the company. Zacks Research lowered Infinity Natural Resources from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 6th. Finally, Wall Street Zen raised shares of Infinity Natural Resources from a “hold” rating to a “strong-buy” rating in a research report on Saturday, March 14th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Infinity Natural Resources has a consensus rating of “Reduce”.

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.