New Mexico Educational Retirement Board acquired a new stake in World Fuel Services Corp (NYSE:INT) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 16,900 shares of the oil and gas company’s stock, valued at approximately $476,000.
Several other institutional investors have also added to or reduced their stakes in INT. State of Alaska Department of Revenue bought a new position in shares of World Fuel Services in the fourth quarter valued at $146,000. Salem Investment Counselors Inc. bought a new position in shares of World Fuel Services in the third quarter valued at $170,000. Weaver C. Barksdale & Associates Inc. lifted its stake in shares of World Fuel Services by 43.6% in the fourth quarter. Weaver C. Barksdale & Associates Inc. now owns 6,479 shares of the oil and gas company’s stock valued at $182,000 after buying an additional 1,966 shares in the last quarter. Cubist Systematic Strategies LLC bought a new position in shares of World Fuel Services in the second quarter valued at $195,000. Finally, TD Asset Management Inc. bought a new position in shares of World Fuel Services in the third quarter valued at $204,000. 85.89% of the stock is currently owned by hedge funds and other institutional investors.
INT has been the topic of a number of recent research reports. Stifel Nicolaus dropped their price objective on shares of World Fuel Services from $46.00 to $40.00 and set a “buy” rating on the stock in a research note on Friday, February 23rd. TheStreet downgraded shares of World Fuel Services from a “c-” rating to a “d+” rating in a report on Friday, February 23rd. ValuEngine downgraded shares of World Fuel Services from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Zacks Investment Research upgraded shares of World Fuel Services from a “sell” rating to a “hold” rating in a report on Tuesday, December 26th. Finally, Seaport Global Securities assumed coverage on shares of World Fuel Services in a report on Friday, February 9th. They issued a “neutral” rating for the company. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $38.00.
World Fuel Services (NYSE:INT) last announced its earnings results on Thursday, February 22nd. The oil and gas company reported $0.25 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.61 by ($0.36). The firm had revenue of $8.87 billion during the quarter, compared to analysts’ expectations of $8.72 billion. World Fuel Services had a negative net margin of 0.51% and a positive return on equity of 6.45%. The business’s revenue for the quarter was up 13.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.36 EPS. sell-side analysts expect that World Fuel Services Corp will post 2.41 EPS for the current year.
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World Fuel Services Profile
World Fuel Services Corporation is engaged in providing aviation, marine and land energy, logistics and technology solutions to customers and suppliers around the world. The Company operates through three segments: Aviation, Marine and Land. In its Aviation segment, the Company offers fuel and related products and services.
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