The Manufacturers Life Insurance Company boosted its holdings in shares of World Fuel Services Corp (NYSE:INT) by 11.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 112,017 shares of the oil and gas company’s stock after buying an additional 11,570 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.17% of World Fuel Services worth $3,152,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of INT. State of Alaska Department of Revenue bought a new stake in World Fuel Services during the fourth quarter valued at $146,000. Salem Investment Counselors Inc. bought a new stake in World Fuel Services during the third quarter valued at $170,000. Weaver C. Barksdale & Associates Inc. boosted its stake in World Fuel Services by 43.6% during the fourth quarter. Weaver C. Barksdale & Associates Inc. now owns 6,479 shares of the oil and gas company’s stock valued at $182,000 after buying an additional 1,966 shares during the period. TD Asset Management Inc. bought a new stake in World Fuel Services during the third quarter valued at $204,000. Finally, First Citizens Bank & Trust Co. bought a new stake in World Fuel Services during the fourth quarter valued at $210,000. 89.50% of the stock is owned by institutional investors.
Shares of World Fuel Services Corp (NYSE INT) opened at $23.61 on Wednesday. World Fuel Services Corp has a 12-month low of $20.64 and a 12-month high of $40.16. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.26 and a current ratio of 1.45. The firm has a market capitalization of $1,594.37, a PE ratio of 13.09, a price-to-earnings-growth ratio of 2.04 and a beta of 1.01.
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 of this dividend is Thursday, March 15th. This represents a $0.24 dividend on an annualized basis and a yield of 1.02%. World Fuel Services’s payout ratio is -9.45%.
Several equities research analysts recently issued reports on INT shares. Stifel Nicolaus dropped their price objective on World Fuel Services from $46.00 to $40.00 and set a “buy” rating for the company in a research note on Friday, February 23rd. TheStreet lowered World Fuel Services from a “c-” rating to a “d+” rating in a research note on Friday, February 23rd. ValuEngine lowered World Fuel Services from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Zacks Investment Research raised World Fuel Services from a “sell” rating to a “hold” rating in a research note on Tuesday, December 26th. Finally, Seaport Global Securities started coverage on World Fuel Services in a research note on Friday, February 9th. They set a “neutral” rating for the company. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. World Fuel Services currently has a consensus rating of “Hold” and an average target price of $38.00.
World Fuel Services Company Profile
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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