HGK Asset Management Inc. Has $406,000 Position in World Fuel Services Corp (INT)

HGK Asset Management Inc. decreased its position in shares of World Fuel Services Corp (NYSE:INT) by 29.7% during the 1st quarter, HoldingsChannel reports. The fund owned 14,064 shares of the oil and gas company’s stock after selling 5,939 shares during the period. HGK Asset Management Inc.’s holdings in World Fuel Services were worth $406,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. PNC Financial Services Group Inc. lifted 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 purchasing an additional 470 shares during the last quarter. QS Investors LLC lifted its stake in World Fuel Services by 0.5% in the 4th quarter. QS Investors LLC now owns 109,300 shares of the oil and gas company’s stock valued at $2,341,000 after purchasing an additional 500 shares during the last quarter. Mason Street Advisors LLC lifted its stake in World Fuel Services by 1.4% in the 1st quarter. Mason Street Advisors LLC now owns 35,720 shares of the oil and gas company’s stock valued at $1,032,000 after purchasing an additional 504 shares during the last quarter. Thrivent Financial for Lutherans lifted its stake in World Fuel Services by 5.7% in the 4th quarter. Thrivent Financial for Lutherans now owns 17,263 shares of the oil and gas company’s stock valued at $370,000 after purchasing an additional 930 shares during the last quarter. Finally, Rhumbline Advisers lifted its stake in World Fuel Services by 0.5% in the 1st quarter. Rhumbline Advisers now owns 209,518 shares of the oil and gas company’s stock valued at $6,053,000 after purchasing an additional 1,031 shares during the last quarter. Institutional investors and hedge funds own 90.03% of the company’s stock.

Shares of NYSE:INT opened at $30.49 on Monday. The company has a market capitalization of $2.05 billion, a P/E ratio of 14.45, a P/E/G ratio of 2.61 and a beta of 1.09. The company has a quick ratio of 1.15, a current ratio of 1.36 and a debt-to-equity ratio of 0.35. World Fuel Services Corp has a one year low of $19.78 and a one year high of $33.17.

World Fuel Services (NYSE:INT) last posted its quarterly earnings data on Thursday, April 25th. The oil and gas company reported $0.66 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.17. World Fuel Services had a net margin of 0.35% and a return on equity of 8.42%. The company had revenue of $8.68 billion during the quarter, compared to analysts’ expectations of $9.98 billion. During the same period in the prior year, the company posted $0.52 earnings per share. World Fuel Services’s revenue for the quarter was down 5.5% compared to the same quarter last year. On average, research analysts forecast that World Fuel Services Corp will post 2.33 earnings per share for the current fiscal year.

Several equities analysts recently commented on the stock. Zacks Investment Research downgraded shares of World Fuel Services from a “buy” rating to a “hold” rating in a research note on Thursday, May 2nd. Seaport Global Securities raised shares of World Fuel Services from a “neutral” rating to a “buy” rating and set a $40.00 price objective for the company in a research note on Thursday, March 7th. Finally, ValuEngine raised shares of World Fuel Services from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. World Fuel Services currently has a consensus rating of “Hold” and a consensus price target of $32.67.

In other news, Director J Thomas Presby sold 13,078 shares of the stock in a transaction on Friday, May 10th. The shares were sold at an average price of $29.23, for a total transaction of $382,269.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.40% of the company’s stock.

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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 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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Institutional Ownership by Quarter for World Fuel Services (NYSE:INT)

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