Parametrica Management Ltd acquired a new stake in World Fuel Services Corp (NYSE:INT) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 14,451 shares of the oil and gas company’s stock, valued at approximately $309,000.
Other institutional investors also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. increased its stake in World Fuel Services by 67.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,170 shares of the oil and gas company’s stock valued at $25,000 after buying an additional 470 shares during the period. Oregon Public Employees Retirement Fund increased its stake in World Fuel Services by 2,041.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 578,070 shares of the oil and gas company’s stock valued at $27,000 after buying an additional 551,070 shares during the period. Eukles Asset Management acquired a new position in World Fuel Services in the 4th quarter valued at approximately $100,000. Quantamental Technologies LLC acquired a new position in World Fuel Services in the 4th quarter valued at approximately $191,000. Finally, RBF Capital LLC acquired a new position in World Fuel Services in the 3rd quarter valued at approximately $208,000. Hedge funds and other institutional investors own 89.69% of the company’s stock.
Shares of INT opened at $28.32 on Tuesday. World Fuel Services Corp has a 12 month low of $19.78 and a 12 month high of $33.17. The company has a current ratio of 1.32, a quick ratio of 1.11 and a debt-to-equity ratio of 0.40. The firm has a market cap of $1.90 billion, a PE ratio of 13.42, a price-to-earnings-growth ratio of 2.43 and a beta of 1.04.
World Fuel Services (NYSE:INT) last announced its quarterly earnings data on Thursday, February 21st. The oil and gas company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.45 by $0.05. The company had revenue of $9.99 billion during the quarter, compared to the consensus estimate of $10.40 billion. World Fuel Services had a net margin of 0.32% and a return on equity of 8.05%. The company’s quarterly revenue was up 12.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.25 EPS. Equities research analysts forecast that World Fuel Services Corp will post 2.32 earnings per share for the current fiscal year.
Several brokerages have recently commented on INT. ValuEngine lowered shares of World Fuel Services from a “hold” rating to a “sell” rating in a research note on Tuesday, December 11th. Zacks Investment Research upgraded shares of World Fuel Services from a “hold” rating to a “buy” rating and set a $31.00 price target on the stock in a research note on Wednesday, February 27th. Finally, Seaport Global Securities restated a “neutral” rating on shares of World Fuel Services in a research note on Friday, February 22nd. One analyst has rated the stock with a sell rating and three have issued a hold rating to the company’s stock. World Fuel Services presently has an average rating of “Hold” and a consensus price target of $27.50.
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About World Fuel Services
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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