World Fuel Services (NYSE:INT) Lifted to B- at TheStreet

World Fuel Services (NYSE:INT) was upgraded by research analysts at TheStreet from a “c+” rating to a “b-” rating in a research report issued on Tuesday, TheStreetRatingsTable reports.

INT has been the topic of a number of other reports. Zacks Investment Research raised shares of HB Fuller from a “sell” rating to a “hold” rating in a research note on Wednesday, July 3rd. ValuEngine raised shares of Zogenix from a “buy” rating to a “strong-buy” rating in a research note on Thursday, June 27th. One analyst has rated the stock with a sell rating, two have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $35.33.

NYSE INT opened at $36.03 on Tuesday. World Fuel Services has a 1-year low of $19.81 and a 1-year high of $36.83. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.36 and a quick ratio of 1.15. The firm has a market capitalization of $2.45 billion, a P/E ratio of 17.08, a PEG ratio of 3.12 and a beta of 1.20. The stock has a fifty day moving average of $34.00.

World Fuel Services (NYSE:INT) last posted its quarterly earnings results on Thursday, April 25th. The oil and gas company reported $0.66 earnings per share for the quarter, topping the Zacks’ 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 business had revenue of $8.68 billion for the quarter, compared to the consensus estimate of $9.98 billion. During the same period in the prior year, the business 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. Analysts anticipate that World Fuel Services will post 2.33 EPS for the current fiscal year.

In related news, Director J Thomas Presby sold 13,078 shares of the company’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $29.23, for a total value of $382,269.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Robert Alexander Lake sold 1,500 shares of the company’s stock in a transaction on Friday, June 7th. The stock was sold at an average price of $32.91, for a total transaction of $49,365.00. Following the completion of the sale, the executive vice president now owns 59,122 shares of the company’s stock, valued at $1,945,705.02. The disclosure for this sale can be found here. Insiders sold 17,578 shares of company stock valued at $539,365 over the last quarter. 2.40% of the stock is currently owned by corporate insiders.

A number of large investors have recently modified their holdings of INT. Oregon Public Employees Retirement Fund boosted its holdings in World Fuel Services by 1.4% during the second quarter. Oregon Public Employees Retirement Fund now owns 27,384 shares of the oil and gas company’s stock valued at $985,000 after acquiring an additional 384 shares during the period. Nisa Investment Advisors LLC boosted its holdings in World Fuel Services by 2.3% during the second quarter. Nisa Investment Advisors LLC now owns 88,350 shares of the oil and gas company’s stock valued at $3,177,000 after acquiring an additional 2,000 shares during the period. First Citizens Bank & Trust Co. bought a new stake in World Fuel Services during the second quarter valued at about $479,000. Hennessy Advisors Inc. bought a new stake in World Fuel Services during the second quarter valued at about $3,531,000. Finally, Campbell & CO Investment Adviser LLC boosted its holdings in World Fuel Services by 24.9% during the second quarter. Campbell & CO Investment Adviser LLC now owns 9,324 shares of the oil and gas company’s stock valued at $335,000 after acquiring an additional 1,858 shares during the period. Hedge funds and other institutional investors own 91.12% of the company’s stock.

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 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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