Engineers Gate Manager LP Raises Holdings in World Fuel Services (INT)

Engineers Gate Manager LP boosted its holdings in shares of World Fuel Services (NYSE:INT) by 26.6% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 77,705 shares of the oil and gas company’s stock after purchasing an additional 16,314 shares during the period. Engineers Gate Manager LP’s holdings in World Fuel Services were worth $1,908,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. State of Alaska Department of Revenue purchased a new position in World Fuel Services during the 4th quarter worth $146,000. Amundi Pioneer Asset Management Inc. purchased a new position in World Fuel Services during the 4th quarter worth $155,000. Itau Unibanco Holding S.A. grew its position in World Fuel Services by 51.7% during the 4th quarter. Itau Unibanco Holding S.A. now owns 6,091 shares of the oil and gas company’s stock worth $171,000 after purchasing an additional 2,077 shares during the last quarter. Unison Advisors LLC purchased a new position in World Fuel Services during the 4th quarter worth $228,000. Finally, US Bancorp DE grew its position in World Fuel Services by 172.4% during the 4th quarter. US Bancorp DE now owns 8,231 shares of the oil and gas company’s stock worth $232,000 after purchasing an additional 5,209 shares during the last quarter. 89.09% of the stock is currently owned by institutional investors.

INT has been the topic of several research reports. Zacks Investment Research raised shares of World Fuel Services from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 1st. Seaport Global Securities started coverage on shares of World Fuel Services in a report on Friday, February 9th. They issued a “neutral” rating on the stock. TheStreet downgraded shares of World Fuel Services from a “c-” rating to a “d+” rating in a report on Friday, February 23rd. Stifel Nicolaus lowered their target price on shares of World Fuel Services from $46.00 to $40.00 and set a “buy” rating on the stock in a report on Friday, February 23rd. Finally, ValuEngine downgraded shares of World Fuel Services from a “hold” rating to a “sell” rating in a report on Wednesday, May 2nd. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $38.00.

Shares of NYSE:INT opened at $22.35 on Friday. The stock has a market capitalization of $1.52 billion, a PE ratio of 11.97, a PEG ratio of 2.26 and a beta of 0.92. The company has a current ratio of 1.41, a quick ratio of 1.19 and a debt-to-equity ratio of 0.45. World Fuel Services has a fifty-two week low of $22.04 and a fifty-two week high of $22.61.

World Fuel Services (NYSE:INT) last issued its earnings results on Thursday, April 26th. The oil and gas company reported $0.52 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.52. The business had revenue of $9.18 billion for the quarter, compared to the consensus estimate of $9.12 billion. World Fuel Services had a negative net margin of 0.49% and a positive return on equity of 6.83%. The business’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.50 earnings per share. equities analysts predict that World Fuel Services will post 1.98 earnings per share for the current fiscal year.

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 offers fuel management; price risk management; ground handling; dispatch; and international trip planning services, such as flight plans, weather reports, and overflight permits.

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

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