Fmr LLC lifted its holdings in shares of World Fuel Services Corp (NYSE:INT) by 11.9% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,723,750 shares of the oil and gas company’s stock after purchasing an additional 610,452 shares during the quarter. Fmr LLC owned about 8.51% of World Fuel Services worth $158,433,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Point72 Hong Kong Ltd acquired a new position in World Fuel Services in the second quarter valued at $110,000. Strs Ohio acquired a new position in shares of World Fuel Services during the second quarter worth about $189,000. NumerixS Investment Technologies Inc lifted its stake in shares of World Fuel Services by 156.5% during the second quarter. NumerixS Investment Technologies Inc now owns 17,700 shares of the oil and gas company’s stock worth $357,000 after purchasing an additional 10,800 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in shares of World Fuel Services during the second quarter worth about $373,000. Finally, HGK Asset Management Inc. lifted its stake in shares of World Fuel Services by 19.5% during the second quarter. HGK Asset Management Inc. now owns 20,861 shares of the oil and gas company’s stock worth $426,000 after purchasing an additional 3,404 shares in the last quarter. Institutional investors and hedge funds own 92.91% of the company’s stock.
A number of research analysts have commented on the company. Zacks Investment Research cut World Fuel Services from a “buy” rating to a “hold” rating in a research note on Wednesday, October 31st. TheStreet upgraded World Fuel Services from a “d+” rating to a “c-” rating in a research note on Tuesday, September 25th. Finally, ValuEngine cut World Fuel Services from a “buy” rating to a “hold” rating in a research note on Tuesday, November 13th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $32.00.
Shares of INT opened at $23.98 on Friday. The stock has a market cap of $1.67 billion, a price-to-earnings ratio of 12.89, a P/E/G ratio of 2.41 and a beta of 0.79. World Fuel Services Corp has a 12 month low of $19.78 and a 12 month high of $33.17. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.11 and a current ratio of 1.32.
World Fuel Services (NYSE:INT) last announced its earnings results on Thursday, October 25th. The oil and gas company reported $0.63 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.07. World Fuel Services had a positive return on equity of 7.14% and a negative net margin of 0.25%. The business had revenue of $10.43 billion for the quarter, compared to analyst estimates of $10.47 billion. As a group, equities research analysts predict that World Fuel Services Corp will post 2.06 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, January 7th. Stockholders of record on Friday, December 14th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date of this dividend is Thursday, December 13th. World Fuel Services’s payout ratio is 12.90%.
About World Fuel Services
World Fuel Services Corporation engages in the distribution of fuel, and related products and services in the aviation, marine, and land transportation industries worldwide. Its Aviation segment offers fuel management; price risk management; ground handling; dispatch; and international trip planning services, such as flight plans, weather reports, and overflight permits.
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