Investing In World Kinect Corp (NYSE: WKC): Why Should You?

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours.

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Stocks Info

The company is listed on the NYSE and operates within the Oil & Gas Refining & Marketing industry segment. The current market capitalization of World Kinect Corp is $1.64B. A total of 0.71 million shares were traded on the day, compared to an average of 573.85K shares.

In the most recent transaction, STEBBINS PAUL H sold 34,264 shares of WKC for 27.46 per share on Aug 01 ’24. After the transaction, the Director now owns 0 company shares. In a previous transaction on Jul 31 ’24, STEBBINS PAUL H sold 1,111 shares at 28.02 per share. WKC shares that Director owns now total 34,264.

Among the insiders who sold shares, Manley John L disposed of 16,000 shares on Jul 31 ’24 at a per-share price of $28.28. This resulted in the Director holding 49,614 shares of WKC after the transaction. In another insider transaction, KASSAR RICHARD A sold 10,000 shares at $28.22 per share on Jul 31 ’24. Company shares held by the Director now total 77,087.

Dividend

The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. World Kinect Corp pays an annual dividend of $0.62, resulting in a dividend yield of 2.23%, and it has a price to earnings (P/E) ratio of 12.30. WKC’s most recent ex-dividend date was 6/17/2024 when it declared a $0.17 quarterly dividend that was paid in cash on 7/16/2024. Previously, the company paid the dividend on 4/16/2024 with an ex-dividend date of 3/22/2024. The WKC stock dividend was $0.17 per share in cash.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. In terms of 52-week highs and lows, WKC has a high of $28.60 and a low of $17.69.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. WKC’s latest balance sheet shows that the firm has $652.20M in Cash & Short Term Investments as of fiscal 2021. There were $508.70M in debt and $3.10B in liabilities at the time. Its Book Value Per Share was $34.39, while its Total Shareholder’s Equity was $1.92B.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for WKC is Buy with a score of 3.40.

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