Walleye Capital LLC Grows Position in Infinity Natural Resources Inc. $INR

Walleye Capital LLC boosted its position in Infinity Natural Resources Inc. (NYSE:INR) by 74.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 146,557 shares of the company’s stock after acquiring an additional 62,343 shares during the quarter. Walleye Capital LLC’s holdings in Infinity Natural Resources were worth $2,581,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the company. Zions Bancorporation National Association UT purchased a new position in Infinity Natural Resources in the fourth quarter worth approximately $75,000. Connors Investor Services Inc. purchased a new stake in shares of Infinity Natural Resources in the 4th quarter valued at approximately $191,000. Lazard Asset Management LLC purchased a new stake in shares of Infinity Natural Resources in the 4th quarter valued at approximately $219,000. Invesco Ltd. raised 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 purchasing an additional 2,643 shares in the last quarter. Finally, Ieq Capital LLC purchased a new stake in shares of Infinity Natural Resources during the 4th quarter worth $254,000.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Stephens lowered 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 research note on Wednesday, July 8th. Wall Street Zen cut Infinity Natural Resources from a “strong-buy” rating to a “hold” rating in a research note on Saturday, May 16th. Texas Capital raised Infinity Natural Resources to a “strong-buy” rating in a report on Thursday, June 25th. Raymond James Financial lowered their price objective on Infinity Natural Resources from $30.00 to $26.00 and set a “strong-buy” rating for the company in a research report on Wednesday, July 8th. Finally, Zacks Research downgraded Infinity Natural Resources from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 26th. Two equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $24.00.

Infinity Natural Resources Trading Down 3.0%

Shares of NYSE:INR opened at $13.20 on Friday. The stock has a market cap of $838.72 million, a P/E ratio of 4.72 and a beta of -0.49. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 2.98. Infinity Natural Resources Inc. has a twelve month low of $11.13 and a twelve month high of $19.58. The business’s 50 day moving average is $13.34.

Insider Activity at Infinity Natural Resources

In related news, Director Steven D. Gray acquired 25,000 shares of the firm’s stock in a transaction on Friday, June 12th. The stock was bought at an average price of $12.81 per share, for a total transaction of $320,250.00. Following the completion of the purchase, the director directly owned 40,000 shares of the company’s stock, valued at approximately $512,400. The trade was a 166.67% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director David P. Poole acquired 7,500 shares of the company’s stock in a transaction on Wednesday, June 10th. The shares were purchased at an average cost of $13.99 per share, for a total transaction of $104,925.00. Following the acquisition, the director owned 23,646 shares of the company’s stock, valued at approximately $330,807.54. The trade was a 46.45% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders bought 111,400 shares of company stock valued at $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.