World Fuel Services Co. (NYSE:INT – Get Rating) was the recipient of a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 1,470,000 shares, an increase of 8.1% from the February 13th total of 1,360,000 shares. Based on an average daily trading volume, of 404,800 shares, the days-to-cover ratio is presently 3.6 days. Approximately 2.5% of the company’s shares are short sold.
Wall Street Analysts Forecast Growth
Separately, StockNews.com assumed coverage on World Fuel Services in a research note on Thursday. They issued a “hold” rating on the stock.
Hedge Funds Weigh In On World Fuel Services
Institutional investors have recently modified their holdings of the company. Whittier Trust Co. acquired a new position in shares of World Fuel Services during the third quarter worth approximately $26,000. Gladius Capital Management LP acquired a new position in shares of World Fuel Services during the fourth quarter worth approximately $37,000. Rockefeller Capital Management L.P. grew its holdings in World Fuel Services by 1,982.1% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,395 shares of the oil and gas company’s stock worth $38,000 after buying an additional 1,328 shares in the last quarter. Quadrant Capital Group LLC grew its holdings in World Fuel Services by 80.9% during the fourth quarter. Quadrant Capital Group LLC now owns 1,664 shares of the oil and gas company’s stock worth $45,000 after buying an additional 744 shares in the last quarter. Finally, Captrust Financial Advisors grew its holdings in World Fuel Services by 18.3% during the second quarter. Captrust Financial Advisors now owns 2,708 shares of the oil and gas company’s stock worth $56,000 after buying an additional 419 shares in the last quarter. 90.79% of the stock is owned by institutional investors and hedge funds.
World Fuel Services Price Performance
World Fuel Services (NYSE:INT – Get Rating) last issued its earnings results on Thursday, February 23rd. The oil and gas company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.06. World Fuel Services had a return on equity of 6.56% and a net margin of 0.19%. The company had revenue of $13.88 billion for the quarter, compared to analyst estimates of $14.56 billion. During the same period in the prior year, the firm earned $0.28 earnings per share. On average, equities analysts anticipate that World Fuel Services will post 2.16 EPS for the current year.
World Fuel Services Company Profile
World Fuel Services Corp. engages in the distribution of fuel and related products and services in the aviation, marine, and land transportation industries. It operates through the following segments: Aviation, Land, and Marine. The Aviation segment supply fuel and service solutions to commercial airlines, second and third-tier airlines, cargo carriers, regional and low-cost carriers, airports, fixed based operators, corporate fleets, fractional operators, and private aircraft.
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