IndexIQ Advisors LLC reduced its holdings in shares of World Fuel Services Corp (NYSE:INT) by 7.5% in the 4th quarter, Holdings Channel reports. The institutional investor owned 85,607 shares of the oil and gas company’s stock after selling 6,990 shares during the period. IndexIQ Advisors LLC’s holdings in World Fuel Services were worth $1,833,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of INT. Eukles Asset Management bought a new position in World Fuel Services in the fourth quarter valued at about $100,000. Quantamental Technologies LLC bought a new position in World Fuel Services in the fourth quarter valued at about $191,000. RBF Capital LLC bought a new position in World Fuel Services in the third quarter valued at about $208,000. Hsbc Holdings PLC bought a new position in World Fuel Services in the third quarter valued at about $253,000. Finally, Amalgamated Bank bought a new position in World Fuel Services in the third quarter valued at about $269,000. Hedge funds and other institutional investors own 93.52% of the company’s stock.
Shares of INT opened at $23.99 on Monday. World Fuel Services Corp has a 1 year low of $19.78 and a 1 year high of $33.17. The company has a quick ratio of 1.11, a current ratio of 1.32 and a debt-to-equity ratio of 0.40. The stock has a market cap of $1.61 billion, a PE ratio of 12.90, a P/E/G ratio of 2.09 and a beta of 1.04.
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.
Further Reading: Quiet Period
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