Lazard Asset Management LLC Purchases 91,823 Shares of Infinity Natural Resources Inc. $INR

Lazard Asset Management LLC boosted its position in Infinity Natural Resources Inc. (NYSE:INR) by 618.9% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 106,659 shares of the company’s stock after purchasing an additional 91,823 shares during the period. Lazard Asset Management LLC’s holdings in Infinity Natural Resources were worth $1,878,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of INR. Franklin Resources Inc. raised its stake in Infinity Natural Resources by 11.8% in the fourth quarter. Franklin Resources Inc. now owns 1,299,091 shares of the company’s stock valued at $19,136,000 after buying an additional 137,247 shares during the period. CIBC Private Wealth Group LLC boosted its stake in shares of Infinity Natural Resources by 87.5% during the 4th quarter. CIBC Private Wealth Group LLC now owns 715,562 shares of the company’s stock worth $10,540,000 after acquiring an additional 333,972 shares during the period. Yaupon Capital Management LP increased its holdings 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 worth $6,884,000 after acquiring an additional 94,104 shares during the last quarter. Geode Capital Management LLC raised its stake in Infinity Natural Resources by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 346,738 shares of the company’s stock valued at $5,109,000 after acquiring an additional 4,618 shares during the period. Finally, State Street Corp lifted its holdings in Infinity Natural Resources by 19.9% during the 4th quarter. State Street Corp now owns 343,138 shares of the company’s stock valued at $5,054,000 after purchasing an additional 56,886 shares during the last quarter.

Infinity Natural Resources Price Performance

INR stock opened at $12.96 on Tuesday. Infinity Natural Resources Inc. has a fifty-two week low of $11.13 and a fifty-two week high of $19.58. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 2.98. The company has a market cap of $823.60 million, a PE ratio of 4.63 and a beta of -0.52. The stock’s fifty day moving average price is $13.02.

Analyst Ratings Changes

INR has been the subject of a number of research analyst reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Infinity Natural Resources in a research report on Friday. Stephens reduced their target price on shares of Infinity Natural Resources from $24.00 to $23.00 and set an “overweight” rating for the company in a report on Wednesday, July 8th. Raymond James Financial decreased their price target on shares of Infinity Natural Resources from $30.00 to $26.00 and set a “strong-buy” rating on the stock in a research note on Wednesday, July 8th. Wall Street Zen cut shares of Infinity Natural Resources from a “strong-buy” rating to a “hold” rating in a report on Saturday, May 16th. Finally, Citigroup restated a “buy” rating on shares of Infinity Natural Resources in a research report on Tuesday, July 14th. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $24.00.

Insider Buying and Selling at Infinity Natural Resources

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

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.