Jose-Miguel Tejada Sells 6,000 Shares of World Kinect (NYSE:WKC) Stock

World Kinect Corporation (NYSE:WKC) EVP Jose-Miguel Tejada sold 6,000 shares of World Kinect stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $37.16, for a total value of $222,960.00. Following the transaction, the executive vice president directly owned 35,676 shares of the company’s stock, valued at $1,325,720.16. This trade represents a 14.40% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

World Kinect Price Performance

WKC stock traded down $0.45 on Monday, reaching $35.66. The company had a trading volume of 877,014 shares, compared to its average volume of 979,602. The company’s fifty day moving average is $34.98 and its 200 day moving average is $28.98. The company has a market cap of $1.82 billion, a P/E ratio of -11.11, a PEG ratio of 0.55 and a beta of 1.17. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.91 and a current ratio of 1.06. World Kinect Corporation has a 1 year low of $22.21 and a 1 year high of $41.20.

World Kinect (NYSE:WKC) last issued its quarterly earnings results on Thursday, July 23rd. The company reported $1.29 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.54. The business had revenue of $13.59 billion during the quarter, compared to the consensus estimate of $10.50 billion. World Kinect had a negative net margin of 0.43% and a positive return on equity of 11.24%. The company’s quarterly revenue was up 50.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.59 earnings per share. World Kinect has set its FY 2026 guidance at 3.200-3.400 EPS. On average, research analysts forecast that World Kinect Corporation will post 3.6 earnings per share for the current year.

World Kinect Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 16th. Shareholders of record on Tuesday, June 30th were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend was Tuesday, June 30th. This is a positive change from World Kinect’s previous quarterly dividend of $0.20. World Kinect’s dividend payout ratio is -28.66%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on WKC. Morgan Stanley set a $30.00 price objective on shares of World Kinect in a report on Wednesday, July 29th. Wall Street Zen upgraded shares of World Kinect from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 1st. Zacks Research raised shares of World Kinect from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 22nd. Finally, Weiss Ratings downgraded shares of World Kinect from a “hold (c-)” rating to a “sell (d)” rating in a research note on Tuesday, July 28th. One research analyst has rated the stock with a Strong Buy rating and two have given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $30.00.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Pacer Advisors Inc. acquired a new position in World Kinect in the 4th quarter worth approximately $9,427,000. UBS Group AG raised its stake in World Kinect by 38.1% during the 4th quarter. UBS Group AG now owns 226,440 shares of the company’s stock valued at $5,305,000 after purchasing an additional 62,492 shares during the period. Vanguard Group Inc. raised its stake in World Kinect by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 6,713,507 shares of the company’s stock valued at $157,297,000 after purchasing an additional 62,111 shares during the period. GSA Capital Partners LLP lifted its holdings in shares of World Kinect by 98.6% in the fourth quarter. GSA Capital Partners LLP now owns 96,774 shares of the company’s stock valued at $2,267,000 after purchasing an additional 48,048 shares in the last quarter. Finally, Jefferies Financial Group Inc. acquired a new stake in shares of World Kinect in the fourth quarter worth $413,000. 97.06% of the stock is currently owned by institutional investors.

World Kinect Company Profile

World Kinect Energy Services, Inc (NYSE: WKC) is a global energy services company specializing in fuel procurement, supply chain management and risk mitigation solutions. The company offers an integrated platform that facilitates the sourcing, trading and logistics of refined fuels, natural gas, liquefied natural gas (LNG) and renewable energy products. Its services are designed to help industrial, commercial and institutional clients optimize energy costs, comply with environmental regulations and manage price volatility.

In addition to traditional commodity trading and delivery, World Kinect provides a suite of value-added services that include carbon offset and decarbonization strategies, energy efficiency consulting and emissions reporting.