World Fuel Services Corp (NYSE:INT)’s stock price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $41.25 and last traded at $40.72, with a volume of 79514 shares traded. The stock had previously closed at $39.46.
A number of analysts have weighed in on INT shares. ValuEngine cut World Fuel Services from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. TheStreet upgraded shares of World Fuel Services from a “c+” rating to a “b-” rating in a research note on Tuesday, July 16th. Stifel Nicolaus raised their price target on shares of World Fuel Services from $40.00 to $43.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Finally, Zacks Investment Research upgraded shares of World Fuel Services from a “hold” rating to a “strong-buy” rating and set a $42.00 price target for the company in a research note on Wednesday, July 3rd. One equities research analyst has rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $41.67.
The firm has a market cap of $2.58 billion, a P/E ratio of 19.30, a P/E/G ratio of 3.26 and a beta of 1.17. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.16 and a current ratio of 1.35. The company’s 50 day moving average is $37.09 and its 200 day moving average is $31.76.
In related news, EVP Robert Alexander Lake sold 1,500 shares of the company’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $32.91, for a total value of $49,365.00. Following the transaction, the executive vice president now owns 59,122 shares in the company, valued at approximately $1,945,705.02. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In the last quarter, insiders sold 9,000 shares of company stock worth $332,415. 2.40% of the stock is currently owned by company insiders.
A number of institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP grew its position in shares of World Fuel Services by 4.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,685,164 shares of the oil and gas company’s stock valued at $121,718,000 after purchasing an additional 245,831 shares during the period. AQR Capital Management LLC grew its stake in World Fuel Services by 33.0% in the 2nd quarter. AQR Capital Management LLC now owns 1,875,707 shares of the oil and gas company’s stock valued at $65,781,000 after buying an additional 465,230 shares during the last quarter. Prudential Financial Inc. grew its stake in World Fuel Services by 7.0% in the 2nd quarter. Prudential Financial Inc. now owns 1,766,157 shares of the oil and gas company’s stock valued at $63,511,000 after buying an additional 115,064 shares during the last quarter. Brandes Investment Partners LP grew its stake in World Fuel Services by 2.1% in the 1st quarter. Brandes Investment Partners LP now owns 1,387,647 shares of the oil and gas company’s stock valued at $40,088,000 after buying an additional 28,643 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in World Fuel Services by 43.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,289,344 shares of the oil and gas company’s stock valued at $46,365,000 after buying an additional 393,173 shares during the last quarter. Institutional investors own 94.10% of the company’s stock.
World Fuel Services Company Profile (NYSE:INT)
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 supplies fuel, and related products and services to commercial airlines, second and third tier airlines, cargo carriers, regional and low-cost carriers, airports, fixed based operators, corporate fleets, fractional operators, private aircraft, military fleets, the U.S.
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