World Fuel Services (INT) Coverage Initiated by Analysts at Seaport Global Securities

Research analysts at Seaport Global Securities began coverage on shares of World Fuel Services (NYSE:INT) in a report released on Friday. The firm set a “neutral” rating on the oil and gas company’s stock.

Several other analysts also recently issued reports on INT. Zacks Investment Research raised shares of World Fuel Services from a “sell” rating to a “hold” rating in a report on Tuesday, December 26th. ValuEngine downgraded shares of World Fuel Services from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $36.00.

Shares of World Fuel Services (NYSE INT) opened at $24.92 on Friday. World Fuel Services has a fifty-two week low of $23.86 and a fifty-two week high of $46.12. The stock has a market cap of $1,666.80, a PE ratio of 71.20, a price-to-earnings-growth ratio of 1.87 and a beta of 0.87. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.63 and a quick ratio of 1.42.

Several hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. lifted its holdings in shares of World Fuel Services by 1.1% in the fourth quarter. BlackRock Inc. now owns 5,801,615 shares of the oil and gas company’s stock valued at $163,258,000 after purchasing an additional 64,633 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of World Fuel Services by 14.0% in the third quarter. Dimensional Fund Advisors LP now owns 2,952,606 shares of the oil and gas company’s stock valued at $100,122,000 after purchasing an additional 363,519 shares in the last quarter. Boston Partners lifted its holdings in shares of World Fuel Services by 11.4% in the fourth quarter. Boston Partners now owns 2,901,207 shares of the oil and gas company’s stock valued at $81,640,000 after purchasing an additional 295,950 shares in the last quarter. State Street Corp lifted its holdings in shares of World Fuel Services by 9.4% in the second quarter. State Street Corp now owns 2,748,764 shares of the oil and gas company’s stock valued at $105,695,000 after purchasing an additional 236,408 shares in the last quarter. Finally, Cooke & Bieler LP lifted its holdings in shares of World Fuel Services by 7.0% in the fourth quarter. Cooke & Bieler LP now owns 2,605,456 shares of the oil and gas company’s stock valued at $73,318,000 after purchasing an additional 171,159 shares in the last quarter. 89.61% of the stock is currently owned by institutional investors.

TRADEMARK VIOLATION WARNING: “World Fuel Services (INT) Coverage Initiated by Analysts at Seaport Global Securities” was reported by American Banking News and is the sole property of of American Banking News. If you are viewing this report on another site, it was illegally copied and republished in violation of US and international copyright and trademark legislation. The correct version of this report can be viewed at https://www.americanbankingnews.com/2018/02/10/world-fuel-services-int-now-covered-by-seaport-global-securities.html.

About World Fuel Services

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.

Receive News & Ratings for World Fuel Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for World Fuel Services and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply