World Fuel Services (NYSE:INT) Receives New Coverage from Analysts at StockNews.com

StockNews.com initiated coverage on shares of World Fuel Services (NYSE:INT) in a research note issued to investors on Sunday morning. The firm issued a buy rating on the stock.

World Fuel Services Stock Performance

World Fuel Services stock opened at $24.26 on Friday. World Fuel Services has a 1-year low of $19.29 and a 1-year high of $30.65. The stock has a 50-day moving average price of $24.26.

Hedge Funds Weigh In On World Fuel Services

A number of hedge funds have recently added to or reduced their stakes in INT. Victory Capital Management Inc. grew its stake in World Fuel Services by 449.6% in the 3rd quarter. Victory Capital Management Inc. now owns 261,801 shares of the company’s stock worth $5,872,000 after acquiring an additional 214,166 shares in the last quarter. Versor Investments LP boosted its stake in shares of World Fuel Services by 29.5% during the third quarter. Versor Investments LP now owns 14,052 shares of the company’s stock valued at $315,000 after purchasing an additional 3,200 shares in the last quarter. Illinois Municipal Retirement Fund bought a new position in shares of World Fuel Services during the third quarter valued at approximately $788,000. Jump Financial LLC bought a new position in shares of World Fuel Services during the third quarter valued at approximately $1,264,000. Finally, Barclays PLC boosted its stake in shares of World Fuel Services by 49.7% during the third quarter. Barclays PLC now owns 65,580 shares of the company’s stock valued at $1,471,000 after purchasing an additional 21,769 shares in the last quarter.

About World Fuel Services

World Kinect 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 offers fuel supply and comprehensive service solutions globally.