Insider Buying: Infinity Natural Resources (NYSE:INR) Director Buys $129,400.00 in Stock

Infinity Natural Resources Inc. (NYSE:INR) Director Scott Gieselman acquired 10,000 shares of Infinity Natural Resources stock in a transaction that occurred on Wednesday, June 17th. The shares were purchased at an average cost of $12.94 per share, for a total transaction of $129,400.00. Following the purchase, the director directly owned 95,000 shares of the company’s stock, valued at approximately $1,229,300. This trade represents a 11.76% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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 shares were purchased at an average price 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 stock was purchased at an average cost of $14.34 per share, with a total value of $12,906.00.

Infinity Natural Resources Price Performance

INR traded down $0.31 during trading on Thursday, hitting $12.86. The company’s stock had a trading volume of 739,083 shares, compared to its average volume of 315,138. The business has a 50 day simple moving average of $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 cap of $816.77 million, a PE ratio of 4.59 and a beta of -0.54. Infinity Natural Resources Inc. has a twelve month low of $11.13 and a twelve month high of $19.90.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Zacks Research lowered Infinity Natural Resources from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. KeyCorp raised their price target on Infinity Natural Resources from $22.00 to $24.00 and gave the stock an “overweight” rating in a research note on Thursday, April 2nd. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Infinity Natural Resources in a research note on Monday, May 4th. Wall Street Zen lowered shares of Infinity Natural Resources from a “strong-buy” rating to a “hold” rating in a report on Saturday, May 16th. Finally, Citigroup decreased their target price on shares of Infinity Natural Resources from $25.00 to $20.00 and set a “buy” rating on the stock in a research report on Tuesday, June 2nd. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $22.00.

Institutional Trading of Infinity Natural Resources

A number of institutional investors and hedge funds have recently made changes to their positions in INR. Zions Bancorporation National Association UT acquired a new position in Infinity Natural Resources in the fourth quarter valued at $75,000. Connors Investor Services Inc. acquired a new stake in Infinity Natural Resources during the fourth quarter worth about $191,000. Lazard Asset Management LLC acquired a new stake in Infinity Natural Resources during the fourth quarter worth about $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 worth $248,000 after purchasing an additional 2,643 shares during the period. Finally, Wells Fargo & Company MN lifted its stake 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 purchasing an additional 5,891 shares in the last quarter.

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.