Walleye Capital LLC Raises Holdings in Infinity Natural Resources Inc. $INR

Walleye Capital LLC raised its holdings in Infinity Natural Resources Inc. (NYSE:INR) by 74.0% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 146,557 shares of the company’s stock after purchasing an additional 62,343 shares during the quarter. Walleye Capital LLC owned 0.23% of Infinity Natural Resources worth $2,581,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Zions Bancorporation National Association UT purchased a new stake in shares of Infinity Natural Resources in the 4th 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 purchased a new position in shares of Infinity Natural Resources during the 4th quarter worth approximately $219,000. Invesco Ltd. boosted its position in shares of Infinity Natural Resources by 18.6% during 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 increased its holdings in 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 during the last quarter.

Infinity Natural Resources Stock Performance

Shares of INR stock opened at $13.20 on Friday. 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 50 day simple moving average of $13.34. The firm has a market capitalization of $838.72 million, a PE 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.

Insider Buying and Selling at Infinity Natural Resources

In other Infinity Natural Resources news, Director Steven D. Gray purchased 25,000 shares of the company’s stock in a transaction on Friday, June 12th. The stock was acquired 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 in the company, valued at approximately $512,400. The trade was a 166.67% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David P. Poole acquired 7,500 shares of the business’s stock in a transaction dated Wednesday, June 10th. The shares were bought at an average cost of $13.99 per share, for a total transaction of $104,925.00. Following the transaction, 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. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders purchased 111,400 shares of company stock worth $1,483,841. 40.90% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on INR shares. KeyCorp boosted their target price on Infinity Natural Resources from $22.00 to $24.00 and gave the company an “overweight” rating in a research report on Thursday, April 2nd. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $27.00 price objective on shares of Infinity Natural Resources in a research note on Tuesday, July 7th. Stephens cut their price objective on Infinity Natural Resources from $24.00 to $23.00 and set an “overweight” rating on the stock in a report on Wednesday, July 8th. Zacks Research downgraded Infinity Natural Resources from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 26th. Finally, Texas Capital raised Infinity Natural Resources to a “strong-buy” rating in a research note on Thursday, June 25th. 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 given a Sell rating to the stock. Based on data from MarketBeat.com, Infinity Natural Resources presently has a consensus rating of “Moderate Buy” and an average target price of $24.00.

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.