Empowered Funds LLC Has $6.64 Million Position in World Kinect Corporation $WKC

Posted by Geri Gentry on Aug 1st, 2026

Empowered Funds LLC cut its stake in shares of World Kinect Corporation (NYSE:WKC – Free Report) by 16.4% during the 1st quarter, Holdings Channel reports. The fund owned 287,815 shares of the company’s stock after selling 56,482 shares during the period. Empowered Funds LLC’s holdings in World Kinect were worth $6,640,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of WKC. Vanguard Group Inc. raised its holdings in shares of World Kinect by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 6,713,507 shares of the company’s stock valued at $157,297,000 after purchasing an additional 62,111 shares during the period. Brandes Investment Partners LP boosted its position in shares of World Kinect by 30.9% during the 4th quarter. Brandes Investment Partners LP now owns 3,845,750 shares of the company’s stock worth $90,106,000 after purchasing an additional 907,490 shares in the last quarter. Invesco Ltd. grew its stake in shares of World Kinect by 9.5% in the 3rd quarter. Invesco Ltd. now owns 2,450,762 shares of the company’s stock valued at $63,597,000 after buying an additional 213,145 shares during the period. LSV Asset Management grew its stake in shares of World Kinect by 11.4% in the 4th quarter. LSV Asset Management now owns 1,938,804 shares of the company’s stock valued at $45,426,000 after buying an additional 198,076 shares during the period. Finally, Millennium Management LLC increased its position in World Kinect by 373.8% in the 3rd quarter. Millennium Management LLC now owns 1,602,996 shares of the company’s stock valued at $41,598,000 after buying an additional 1,264,684 shares in the last quarter. 97.06% of the stock is owned by institutional investors.

World Kinect Stock Performance

Shares of World Kinect stock opened at $39.82 on Friday. The company has a market cap of $2.04 billion, a PE ratio of -12.41, a price-to-earnings-growth ratio of 0.61 and a beta of 1.19. World Kinect Corporation has a 52 week low of $22.21 and a 52 week high of $41.20. The business has a 50 day moving average price of $33.33 and a 200-day moving average price of $28.24. The company has a quick ratio of 0.91, a current ratio of 1.06 and a debt-to-equity ratio of 0.58.

World Kinect (NYSE:WKC – Get Free Report) last announced its earnings results on Thursday, July 23rd. The company reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.54. World Kinect had a positive return on equity of 11.24% and a negative net margin of 0.43%.The company had revenue of $13.59 billion for the quarter, compared to analysts’ expectations of $10.50 billion. During the same quarter in the previous year, the firm earned $0.59 earnings per share. World Kinect’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. Equities analysts anticipate that World Kinect Corporation will post 3.6 earnings per share for the current fiscal year.

World Kinect Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 16th. Shareholders of record on Tuesday, June 30th were issued a dividend of $0.23 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.92 dividend on an annualized basis and a yield of 2.3%. This is a positive change from World Kinect’s previous quarterly dividend of $0.20. World Kinect’s payout ratio is presently -28.66%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on WKC shares. Weiss Ratings lowered World Kinect from a “hold (c-)” rating to a “sell (d)” rating in a report on Tuesday. Morgan Stanley set a $30.00 price objective on World Kinect in a report on Wednesday. Zacks Research raised World Kinect from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 22nd. Finally, Wall Street Zen upgraded World Kinect from a “buy” rating to a “strong-buy” rating in a report on Saturday. One equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $30.00.

Read Our Latest Report on WKC

Insider Activity

In related news, Director John L. Manley sold 10,000 shares of the business’s stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $39.88, for a total transaction of $398,800.00. Following the transaction, the director directly owned 54,116 shares in the company, valued at approximately $2,158,146.08. The trade was a 15.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Michael J. Kasbar sold 25,000 shares of the stock in a transaction dated Friday, July 10th. The shares were sold at an average price of $35.04, for a total transaction of $876,000.00. Following the completion of the sale, the chairman owned 986,450 shares of the company’s stock, valued at approximately $34,565,208. This trade represents a 2.47% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 151,873 shares of company stock worth $5,027,447. Company insiders own 3.80% of the company’s stock.

World Kinect Company Profile

(Free Report)

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.