Scott Gieselman Buys 10,000 Shares of Infinity Natural Resources (NYSE:INR) Stock

Infinity Natural Resources Inc. (NYSE:INR) Director Scott Gieselman acquired 10,000 shares of the business’s stock in a transaction 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 completion of the transaction, the director owned 95,000 shares in the company, valued at approximately $1,229,300. This represents a 11.76% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

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

Infinity Natural Resources Stock Up 0.5%

NYSE:INR opened at $12.86 on Friday. The stock has a market capitalization of $816.74 million, a PE ratio of 4.59 and a beta of -0.54. The firm’s 50 day moving average price is $14.82. Infinity Natural Resources Inc. has a 52 week low of $11.13 and a 52 week high of $19.90. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 2.98.

Institutional Trading of Infinity Natural Resources

Large investors have recently bought and sold shares of the stock. Connors Investor Services Inc. purchased a new stake in Infinity Natural Resources during the 4th quarter valued at about $191,000. Bleakley Financial Group LLC purchased a new stake in Infinity Natural Resources in the 4th quarter worth approximately $610,000. Geode Capital Management LLC boosted its holdings in Infinity Natural Resources by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 346,738 shares of the company’s stock worth $5,109,000 after buying an additional 4,618 shares in the last quarter. 1492 Capital Management LLC grew its position in shares of Infinity Natural Resources by 5.6% during the 4th quarter. 1492 Capital Management LLC now owns 259,091 shares of the company’s stock valued at $3,816,000 after acquiring an additional 13,759 shares during the period. Finally, Franklin Resources Inc. grew its holdings 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 purchasing an additional 137,247 shares during the period.

Wall Street Analyst Weigh In

INR has been the topic of a number of recent analyst reports. 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 note on Tuesday, June 2nd. Wall Street Zen downgraded Infinity Natural Resources from a “strong-buy” rating to a “hold” rating in a research note on Saturday, May 16th. Zacks Research cut Infinity Natural Resources from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. Weiss Ratings restated a “sell (d)” rating on shares of Infinity Natural Resources in a research report on Monday, May 4th. Finally, 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. Two 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 data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $22.00.

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.