World Fuel Services Corporation (INT) - NYSE
  • Thu, Feb. 11, 12:49 PM
    | Thu, Feb. 11, 12:49 PM
  • Apr. 20, 2015, 10:14 AM
    • World Fuel Services (INT +1.5%) opens higher following a favorable weekend profile in Barron's, which calls the stock "a great hedge against volatile oil prices."
    • INT shares had been pressured by the November bankruptcy of Denmark's O.W. Bunker, the world's largest supplier of ship fuel, but investors have begun to believe that Bunker's problems were more about the company than the industry; INT has rebounded 36%, and some analysts think they can rise as much as another 15% in coming months.
    • "Sooner or later, companies will look to lock in the cost savings” they have realized in recent months and tap the distributors for more supply, says Stephens analyst Jack Atkins, who also sees parallels to 2008 when INT's EPS jumped as oil price volatility spiked.
    | Apr. 20, 2015, 10:14 AM
  • Aug. 1, 2013, 3:48 PM
    • Canadian investigators say the violent explosions in last month's Quebec train derailment would be an "abnormal" reaction for crude oil, so the probe into the disaster likely will continue for months.
    • Doubts are raised about the nature of the petroleum cargo on the runaway train, which was listed as hauling 50K barrels of crude oil.
    • The Quebec government has ordered the privately owned railway and fuel transport provider World Fuel Services (INT -5.9%) to finance the cleanup; INT has questioned the legality of the order.
    • INT shares had opened higher, as Q2 earnings and revenues beat estimates.
    | Aug. 1, 2013, 3:48 PM
  • Feb. 22, 2013, 12:19 PM

    World Fuel Services (INT -10.3%) plunges after Q4 earnings were hurt by softness in its marine and land businesses. "Although we believe the shortfall in land income was likely temporary, we are concerned that the prolonged shipping market trough could continue to pressure profitability at the marine unit well into 2013," Evercore analysts say, cutting their price target to $41 from $45.

    | Feb. 22, 2013, 12:19 PM
  • Dec. 17, 2012, 2:13 PM

    World Fuel Services (INT +2.1%) agrees to acquire assets of Multi Service, which specializes in fleet, government and commercial payment programs, for $137M. INT expects the transaction to be $0.16-$0.20 accretive to earnings on a non-GAAP basis in the first 12 months. The deal will be funded mostly through existing credit facilities.

    | Dec. 17, 2012, 2:13 PM
  • Aug. 6, 2012, 10:25 AM

    World Fuel Services (INT +2.7%) agrees to acquire select assets of CarterEnergy, including the assets comprising the company's wholesale motor fuel distribution business. Financial terms are not disclosed, but the transaction is expected to be $0.04-$0.07 accretive to earnings on a GAAP basis in the first 12 months.

    | Aug. 6, 2012, 10:25 AM
  • May 2, 2012, 11:43 AM
    Shares of World Fuel Services (INT -9.2%) plunge after the fuel logistics company reported Q1 revenues that fell short of estimates and margins dropped across the board. Shares are downgraded to Neutral from Buy at SunTrust.
    | May 2, 2012, 11:43 AM
  • Aug. 29, 2011, 2:37 PM

    World Fuel Services (INT +3.9%) is trading higher today after announcing a leadership transition, saying Michael Kasbar will become CEO effective Jan. 1, while current Chief Executive Officer Paul Stebbins will remain executive chairman.

    | Aug. 29, 2011, 2:37 PM
Company Description
World Fuel Services Corp. is a fuel logistic company, which is principally engaged in the marketing, sale and distribution of aviation, marine, and land fuel products and related services on a worldwide basis. The company operates business through three segments: Aviation, Marine and Land. The... More
Industry: Oil & Gas Refining & Marketing
Country: United States