Cornercap Investment Counsel Inc. increased its position in shares of World Fuel Services Corp (NYSE:INT) by 14.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 45,890 shares of the oil and gas company’s stock after acquiring an additional 5,825 shares during the period. Cornercap Investment Counsel Inc. owned approximately 0.07% of World Fuel Services worth $1,291,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently bought and sold shares of the company. Salem Investment Counselors Inc. bought a new stake in World Fuel Services during the 3rd quarter worth approximately $170,000. State of Alaska Department of Revenue bought a new stake in World Fuel Services during the 4th quarter worth approximately $146,000. Amundi Pioneer Asset Management Inc. bought a new stake in World Fuel Services during the 4th quarter worth approximately $155,000. TD Asset Management Inc. bought a new stake in World Fuel Services during the 3rd quarter worth approximately $204,000. Finally, Itau Unibanco Holding S.A. increased its holdings in World Fuel Services by 51.7% during the 4th quarter. Itau Unibanco Holding S.A. now owns 6,091 shares of the oil and gas company’s stock worth $171,000 after acquiring an additional 2,077 shares during the period. 89.50% of the stock is currently owned by institutional investors and hedge funds.
A number of analysts recently weighed in on the stock. TheStreet lowered shares of World Fuel Services from a “c-” rating to a “d+” rating in a report on Friday, February 23rd. Seaport Global Securities started coverage on shares of World Fuel Services in a report on Friday, February 9th. They issued a “neutral” rating on the stock. ValuEngine lowered shares of World Fuel Services from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Stifel Nicolaus decreased their price target on shares of World Fuel Services from $46.00 to $40.00 and set a “buy” rating on the stock in a report on Friday, February 23rd. Finally, Zacks Investment Research raised shares of World Fuel Services from a “sell” rating to a “hold” rating in a report on Tuesday, December 26th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $38.00.
World Fuel Services (NYSE:INT) last announced its quarterly earnings results on Thursday, February 22nd. The oil and gas company reported $0.25 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.61 by ($0.36). The firm had revenue of $8.87 billion for the quarter, compared to analysts’ expectations of $8.72 billion. World Fuel Services had a negative net margin of 0.51% and a positive return on equity of 6.45%. The company’s quarterly revenue was up 13.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.36 EPS. equities research analysts expect that World Fuel Services Corp will post 2.31 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, April 6th. Shareholders of record on Friday, March 16th will be given a dividend of $0.06 per share. The ex-dividend date is Thursday, March 15th. This represents a $0.24 annualized dividend and a yield of 1.02%. World Fuel Services’s payout ratio is currently -9.45%.
About World Fuel Services
World Fuel Services Corporation is engaged in providing aviation, marine and land energy, logistics and technology solutions to customers and suppliers around the world. The Company operates through three segments: Aviation, Marine and Land. In its Aviation segment, the Company offers fuel and related products and services.
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