Burney Co. trimmed its position in World Fuel Services (NYSE:INT) by 24.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,209 shares of the oil and gas company’s stock after selling 5,015 shares during the quarter. Burney Co.’s holdings in World Fuel Services were worth $373,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently modified their holdings of INT. Brandes Investment Partners LP increased its holdings in shares of World Fuel Services by 298.5% in the 4th quarter. Brandes Investment Partners LP now owns 1,302,881 shares of the oil and gas company’s stock valued at $36,663,000 after acquiring an additional 975,923 shares during the last quarter. Prudential Financial Inc. increased its holdings in shares of World Fuel Services by 45.1% in the 1st quarter. Prudential Financial Inc. now owns 1,340,499 shares of the oil and gas company’s stock valued at $32,909,000 after acquiring an additional 416,926 shares during the last quarter. Boston Partners increased its holdings in shares of World Fuel Services by 11.4% in the 4th quarter. Boston Partners now owns 2,901,207 shares of the oil and gas company’s stock valued at $81,640,000 after acquiring an additional 295,950 shares during the last quarter. Two Sigma Advisers LP increased its holdings in shares of World Fuel Services by 657.3% in the 4th quarter. Two Sigma Advisers LP now owns 292,300 shares of the oil and gas company’s stock valued at $8,225,000 after acquiring an additional 253,700 shares during the last quarter. Finally, Two Sigma Investments LP bought a new stake in shares of World Fuel Services in the 4th quarter valued at approximately $6,765,000. Institutional investors and hedge funds own 89.09% of the company’s stock.
A number of brokerages have recently weighed in on INT. ValuEngine downgraded World Fuel Services from a “hold” rating to a “sell” rating in a report on Wednesday, May 2nd. Zacks Investment Research upgraded World Fuel Services from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 1st. Seaport Global Securities began coverage on World Fuel Services in a report on Friday, February 9th. They issued a “neutral” rating for the company. TheStreet downgraded World Fuel Services from a “c-” rating to a “d+” rating in a report on Friday, February 23rd. Finally, Stifel Nicolaus lowered their price target on World Fuel Services from $46.00 to $40.00 and set a “buy” rating for the company in a report on Friday, February 23rd. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. The company presently has an average 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 Ratings. The firm has a market cap of $1.54 billion, a P/E ratio of 12.02, a P/E/G ratio of 2.30 and a beta of 0.92. The company has a quick ratio of 1.19, a current ratio of 1.41 and a debt-to-equity ratio of 0.45. World Fuel Services has a 12 month low of $22.04 and a 12 month high of $22.61.
World Fuel Services (NYSE:INT) last issued its quarterly earnings data on Thursday, April 26th. The oil and gas company reported $0.52 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.52. The firm had revenue of $9.18 billion during the quarter, compared to the consensus estimate of $9.12 billion. World Fuel Services had a positive return on equity of 6.83% and a negative net margin of 0.49%. The firm’s revenue was up 12.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.50 EPS. equities analysts forecast that World Fuel Services will post 1.98 earnings per share for the current fiscal year.
World Fuel Services 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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