State of Wyoming Takes Position in World Kinect Corporation $WKC

State of Wyoming acquired a new stake in World Kinect Corporation (NYSE:WKC) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 26,914 shares of the company’s stock, valued at approximately $887,000. State of Wyoming owned about 0.05% of World Kinect at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in WKC. Cassaday & Co Wealth Management LLC bought a new position in World Kinect during the 1st quarter worth $37,000. Aquatic Capital Management LLC acquired a new position in shares of World Kinect in the 3rd quarter worth approximately $61,000. Aster Capital Management DIFC Ltd lifted its position in shares of World Kinect by 977.9% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 2,630 shares of the company’s stock worth $62,000 after purchasing an additional 2,386 shares during the period. Clearstead Advisors LLC boosted its stake in shares of World Kinect by 108.8% in the 4th quarter. Clearstead Advisors LLC now owns 2,633 shares of the company’s stock valued at $62,000 after purchasing an additional 1,372 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of World Kinect in the 2nd quarter valued at $96,000. 97.06% of the stock is currently owned by institutional investors and hedge funds.

World Kinect Price Performance

World Kinect stock opened at $36.12 on Friday. The stock has a market capitalization of $1.85 billion, a price-to-earnings ratio of -11.25, a PEG ratio of 0.55 and a beta of 1.17. World Kinect Corporation has a 52-week low of $22.21 and a 52-week high of $41.20. The stock’s 50 day moving average price is $34.98 and its two-hundred day moving average price is $28.96. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.91 and a current ratio of 1.06.

World Kinect (NYSE:WKC) last announced its quarterly earnings data on Thursday, July 23rd. The company reported $1.29 EPS for the quarter, topping the consensus estimate of $0.75 by $0.54. World Kinect had a negative net margin of 0.43% and a positive return on equity of 11.24%. The company had revenue of $13.59 billion during the quarter, compared to the consensus estimate of $10.50 billion. During the same quarter last year, the firm posted $0.59 EPS. The company’s quarterly revenue was up 50.3% on a year-over-year basis. World Kinect has set its FY 2026 guidance at 3.200-3.400 EPS. On average, equities analysts predict that World Kinect Corporation will post 3.6 earnings per share for the current year.

World Kinect Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 16th. Shareholders of record on Tuesday, June 30th were issued a $0.23 dividend. The ex-dividend date was Tuesday, June 30th. This is a positive change from World Kinect’s previous quarterly dividend of $0.20. This represents a $0.92 dividend on an annualized basis and a yield of 2.5%. World Kinect’s dividend payout ratio is -28.66%.

Insider Buying and Selling at World Kinect

In other World Kinect news, Chairman Michael J. Kasbar sold 10,000 shares of World Kinect stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $39.41, for a total value of $394,100.00. Following the completion of the sale, the chairman directly owned 976,450 shares of the company’s stock, valued at approximately $38,481,894.50. The trade was a 1.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Paul H. Stebbins sold 33,445 shares of the company’s stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $39.93, for a total transaction of $1,335,458.85. Following the transaction, the director owned 58,878 shares in the company, valued at $2,350,998.54. This represents a 36.23% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 118,445 shares of company stock valued at $4,232,940. Corporate insiders own 3.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on WKC shares. Zacks Research raised shares of World Kinect from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 22nd. Morgan Stanley set a $30.00 price target on shares of World Kinect in a research report on Wednesday, July 29th. Weiss Ratings downgraded World Kinect from a “hold (c-)” rating to a “sell (d)” rating in a report on Tuesday, July 28th. Finally, Wall Street Zen raised World Kinect from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 1st. One analyst has rated the stock with a Strong Buy rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $30.00.

World Kinect Company Profile

World Kinect Energy Services, Inc (NYSE: WKC) is a global energy services company specializing in fuel procurement, supply chain management and risk mitigation solutions. The company offers an integrated platform that facilitates the sourcing, trading and logistics of refined fuels, natural gas, liquefied natural gas (LNG) and renewable energy products. Its services are designed to help industrial, commercial and institutional clients optimize energy costs, comply with environmental regulations and manage price volatility.

In addition to traditional commodity trading and delivery, World Kinect provides a suite of value-added services that include carbon offset and decarbonization strategies, energy efficiency consulting and emissions reporting.