According to Zacks, “World Fuel Services Corporation is a global energy management company that provides procurement services, energy supply consulting services, and transaction and payment management solutions to commercial and industrial customers, primarily in the aviation, marine and land transport sectors.
Other analysts have also recently published research reports on the stock. Stifel Nicolaus reiterated a “hold” note and set a target price of $ 32.00 for World Fuel Services shares in a research report released on Thursday, March 4. TheStreet upgraded World Fuel Services’ shares from a “c +” rating to a “b-” rating in a research report released on Thursday, April 29.
NYSE: INT traded at $ 0.46 during trading hours on Tuesday, reaching $ 31.35. 316,400 shares were traded, for an average volume of 411,849. The company’s 50-day moving average is $ 32.87. World Fuel Services has a twelve month low of $ 18.36 and a twelve month high of $ 37.68. The company has a debt to equity ratio of 0.26, a current ratio of 1.46, and a quick ratio of 1.31. The company has a market cap of $ 1.98 billion, a P / E ratio of 22.88, a P / E / G ratio of 4.65 and a beta of 1.30.
World Fuel Services (NYSE: INT) last released its quarterly earnings data on Thursday, April 29. The oil and gas company reported earnings per share (EPS) of $ 0.33 for the quarter, beating the consensus estimate of $ 0.28 by $ 0.05. The company posted revenue of $ 5.96 billion for the quarter, compared to a consensus estimate of $ 6.15 billion. World Fuel Services recorded a return on equity of 2.66% and a net margin of 0.48%. On average, research analysts predict World Fuel Services will post earnings per share of 1.42 for the current fiscal year.
In related news, COO Jeffrey Paul Smith sold 20,000 shares of the company in a trade on Friday, May 14. The shares were sold for an average price of $ 32.60, for a total value of $ 652,000.00. Following the completion of the transaction, the COO now directly owns 94,979 shares of the company, valued at approximately $ 3,096,315.40. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In addition, director Ken Bakshi sold 7,628 shares of the company in a trade on Tuesday, June 1. The stock was sold at an average price of $ 31.62, for a total trade of $ 241,197.36. Following the completion of the transaction, the Director now directly owns 42,067 shares of the company, valued at $ 1,330,158.54. Disclosure of this sale can be found here. In the past 90 days, insiders have sold 57,628 shares of the company valued at $ 1,861,897. 2.60% of the shares are held by insiders of the company.
Institutional investors recently bought and sold shares in the company. Captrust Financial Advisors increased its stake in World Fuel Services shares by 230.9% during the first quarter. Captrust Financial Advisors now owns 867 shares of the oil and gas company valued at $ 31,000 after purchasing an additional 605 shares in the last quarter. Macroview Investment Management LLC acquired a new position in shares of World Fuel Services during the 1st quarter valued at approximately $ 36,000. Signaturefd LLC increased its stake in World Fuel Services shares by 29.4% during the 4th quarter. Signaturefd LLC now owns 2,707 shares of the oil and gas company valued at $ 84,000 after purchasing an additional 615 shares in the last quarter. River Wealth Advisors LLC increased its stake in World Fuel Services shares by 13.8% during the 1st quarter. River Wealth Advisors LLC now owns 4,140 shares of the oil and gas company valued at $ 427,000 after purchasing an additional 503 shares in the last quarter. Finally, First Horizon Corp increased its stake in World Fuel Services shares by 11.5% during the 4th quarter. First Horizon Corp now owns 4,146 shares of the oil and gas company valued at $ 129,000 after purchasing an additional 427 shares in the last quarter. Institutional investors hold 90.61% of the shares of the company.
About World Fuel Services
World Fuel Services Corporation is engaged in the distribution of fuel and related products and services to the aviation, marine and ground transportation industries around the world. Its Aviation segment provides fuel and related products and services to commercial airlines, second and third tier airlines, freight carriers, regional and low cost carriers, airports, fixed operators, fleets of corporate, fractional operators, private planes, the United States and foreign governments. , intergovernmental organizations and military customers.
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Any weekend mechanic knows that even traditional internal combustion cars rely heavily on electronics. In fact, electronic parts and components make up 40% of a new internal combustion vehicle. This has more than doubled since 2000.
However, it turns out that some manufacturers may have overestimated how long consumers would be ready for an “all-electric” future. And that meant they hadn’t anticipated the scale of demand for the kind of chips needed to perform the mundane but vital tasks of steering, braking, and even turning on and lowering windows.
Part of the problem is that American companies rely heavily on countries like China and Taiwan for their semiconductors. In fact, only about 12.5% of semiconductor manufacturing is done in the United States.
Of course, this creates a tremendous opportunity for the companies that make these chips. And it comes at the right time. The semiconductor industry is notoriously cyclical and was coming back down from high demand for building 5G.
In this special talk, we’ll give you a list of seven semiconductor companies you can invest in to take advantage of this opportunity.
Check out “7 Semiconductor Stocks Ready to Take Advantage of Chip Shortage.”