Burney Co. cut its stake in shares of World Fuel Services (NYSE:INT) by 24.8% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 15,209 shares of the oil and gas company’s stock after selling 5,015 shares during the period. Burney Co.’s holdings in World Fuel Services were worth $373,000 at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue acquired a new position in World Fuel Services during the 4th quarter worth approximately $146,000. Amundi Pioneer Asset Management Inc. acquired a new position in World Fuel Services during the 4th quarter worth approximately $155,000. Itau Unibanco Holding S.A. lifted its position in World Fuel Services by 51.7% during the 4th quarter. Itau Unibanco Holding S.A. now owns 6,091 shares of the oil and gas company’s stock worth $171,000 after acquiring an additional 2,077 shares in the last quarter. Unison Advisors LLC acquired a new position in World Fuel Services during the 4th quarter worth approximately $228,000. Finally, US Bancorp DE lifted its position in World Fuel Services by 172.4% during the 4th quarter. US Bancorp DE now owns 8,231 shares of the oil and gas company’s stock worth $232,000 after acquiring an additional 5,209 shares in the last quarter. 89.09% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities analysts have issued reports on INT shares. Stifel Nicolaus cut their target price on World Fuel Services from $46.00 to $40.00 and set a “buy” rating on the stock in a research report on Friday, February 23rd. TheStreet lowered World Fuel Services from a “c-” rating to a “d+” rating in a research report on Friday, February 23rd. Seaport Global Securities started coverage on World Fuel Services in a research report on Friday, February 9th. They issued a “neutral” rating on the stock. ValuEngine lowered World Fuel Services from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Finally, Zacks Investment Research raised World Fuel Services from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 1st. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $38.00.
Shares of World Fuel Services opened at $22.35 on Friday, according to Marketbeat.com. World Fuel Services has a 52-week low of $22.04 and a 52-week high of $22.61. The company has a market capitalization of $1.54 billion, a price-to-earnings ratio of 12.02, a price-to-earnings-growth ratio of 2.30 and a beta of 0.92. The company has a current ratio of 1.41, a quick ratio of 1.19 and a debt-to-equity ratio of 0.45.
World Fuel Services (NYSE:INT) last announced its earnings results on Thursday, April 26th. The oil and gas company reported $0.52 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.52. World Fuel Services had a positive return on equity of 6.83% and a negative net margin of 0.49%. The company had revenue of $9.18 billion for the quarter, compared to analyst estimates of $9.12 billion. During the same period in the prior year, the company posted $0.50 EPS. World Fuel Services’s quarterly revenue was up 12.0% on a year-over-year basis. sell-side analysts expect that World Fuel Services will post 1.98 earnings per share for the current fiscal year.
World Fuel Services Company Profile
World Fuel Services Corporation engages in the distribution of fuel, and related products and services in the aviation, marine, and land transportation industries worldwide. Its Aviation segment offers fuel management; price risk management; ground handling; dispatch; and international trip planning services, such as flight plans, weather reports, and overflight permits.
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