Dean Capital Management lessened its holdings in shares of World Fuel Services (NYSE:INT) by 7.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 80,592 shares of the oil and gas company’s stock after selling 6,648 shares during the period. Dean Capital Management owned about 0.12% of World Fuel Services worth $2,268,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in INT. Jane Street Group LLC acquired a new stake in shares of World Fuel Services during the 4th quarter worth approximately $865,000. Clark Capital Management Group Inc. boosted its position in shares of World Fuel Services by 184.0% during the 4th quarter. Clark Capital Management Group Inc. now owns 55,294 shares of the oil and gas company’s stock worth $1,556,000 after acquiring an additional 35,826 shares in the last quarter. Millennium Management LLC boosted its position in shares of World Fuel Services by 333.3% during the 4th quarter. Millennium Management LLC now owns 122,264 shares of the oil and gas company’s stock worth $3,441,000 after acquiring an additional 94,044 shares in the last quarter. Elkfork Partners LLC acquired a new stake in shares of World Fuel Services during the 4th quarter worth approximately $1,206,000. Finally, Teachers Advisors LLC boosted its position in shares of World Fuel Services by 1.5% during the 4th quarter. Teachers Advisors LLC now owns 172,986 shares of the oil and gas company’s stock worth $4,868,000 after acquiring an additional 2,628 shares in the last quarter. Hedge funds and other institutional investors own 89.50% of the company’s stock.
Several analysts recently issued reports on INT shares. Stifel Nicolaus reduced 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 research report on Friday, February 23rd. TheStreet lowered shares of World Fuel Services from a “c-” rating to a “d+” rating in a research report on Friday, February 23rd. ValuEngine lowered shares of World Fuel Services from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Zacks Investment Research upgraded shares of World Fuel Services from a “sell” rating to a “hold” rating in a research report on Tuesday, December 26th. Finally, Seaport Global Securities initiated coverage on shares of World Fuel Services in a research report on Friday, February 9th. They set a “neutral” rating on the stock. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $38.00.
NYSE:INT traded down $0.65 on Friday, hitting $24.53. The company had a trading volume of 425,740 shares, compared to its average volume of 671,144. The company has a market cap of $1,703.28, a price-to-earnings ratio of 13.19, a PEG ratio of 2.32 and a beta of 0.91. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.45 and a quick ratio of 1.26. World Fuel Services has a 52 week low of $20.64 and a 52 week high of $40.16.
World Fuel Services (NYSE:INT) last issued its quarterly earnings data on Thursday, February 22nd. The oil and gas company reported $0.25 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.61 by ($0.36). The company had revenue of $8.87 billion during the quarter, compared to the consensus estimate of $8.72 billion. World Fuel Services had a negative net margin of 0.51% and a positive return on equity of 6.45%. World Fuel Services’s revenue for the quarter was up 13.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.36 EPS. analysts expect that World Fuel Services will post 2.17 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, April 6th. Investors of record on Friday, March 16th were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.98%. The ex-dividend date was Thursday, March 15th. World Fuel Services’s payout ratio is 12.90%.
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World Fuel Services Company Profile
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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