Insider Buying: 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 Infinity Natural Resources stock in a transaction on Wednesday, June 17th. The shares were acquired at an average cost of $12.94 per share, for a total transaction of $129,400.00. Following the completion of the transaction, the director owned 95,000 shares of the company’s stock, valued at $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 is available through this hyperlink.

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

• On Tuesday, May 26th, Scott Gieselman bought 20,000 shares of Infinity Natural Resources stock. The stock was acquired at an average cost 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 shares were acquired at an average price of $14.34 per share, for a total transaction of $12,906.00.

Infinity Natural Resources Trading Down 2.4%

Shares of INR traded down $0.31 during midday trading on Thursday, reaching $12.86. 739,083 shares of the company were exchanged, compared to its average volume of 315,138. Infinity Natural Resources Inc. has a 1-year low of $11.13 and a 1-year high of $19.90. The company’s 50-day moving average is $15.00. 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 stock has a market capitalization of $816.77 million, a P/E ratio of 4.59 and a beta of -0.54.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on INR shares. Citigroup dropped their price objective on Infinity Natural Resources from $25.00 to $20.00 and set a “buy” rating on the stock in a report on Tuesday, June 2nd. KeyCorp increased their target price on Infinity Natural Resources from $22.00 to $24.00 and gave the company an “overweight” rating in a research note on Thursday, April 2nd. 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. Weiss Ratings restated a “sell (d)” rating on shares of Infinity Natural Resources in a research note on Monday, May 4th. Finally, Zacks Research downgraded shares of Infinity Natural Resources from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $22.00.

Institutional Trading of Infinity Natural Resources

Several hedge funds and other institutional investors have recently bought and sold shares of INR. Zions Bancorporation National Association UT acquired a new stake in Infinity Natural Resources during the fourth quarter valued at approximately $75,000. Connors Investor Services Inc. acquired a new position in shares of Infinity Natural Resources in the 4th quarter worth approximately $191,000. Lazard Asset Management LLC acquired a new position in shares of Infinity Natural Resources in the 4th quarter worth approximately $219,000. Invesco Ltd. increased its holdings 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 valued at $248,000 after acquiring an additional 2,643 shares during the last quarter. Finally, Wells Fargo & Company MN increased its holdings in shares of Infinity Natural Resources by 51.9% in the 4th 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.