Fmr LLC boosted its position in World Fuel Services Corp (NYSE:INT) by 11.9% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 5,723,750 shares of the oil and gas company’s stock after buying an additional 610,452 shares during the period. Fmr LLC owned 0.09% of World Fuel Services worth $158,433,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in INT. Point72 Hong Kong Ltd bought a new stake in World Fuel Services in the second quarter valued at about $110,000. Strs Ohio bought a new stake in World Fuel Services in the second quarter valued at about $189,000. NumerixS Investment Technologies Inc increased its holdings in World Fuel Services by 156.5% in the second quarter. NumerixS Investment Technologies Inc now owns 17,700 shares of the oil and gas company’s stock valued at $357,000 after buying an additional 10,800 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in World Fuel Services in the second quarter valued at about $373,000. Finally, HGK Asset Management Inc. increased its holdings in World Fuel Services by 19.5% in the second quarter. HGK Asset Management Inc. now owns 20,861 shares of the oil and gas company’s stock valued at $426,000 after buying an additional 3,404 shares during the last quarter. 92.91% of the stock is owned by hedge funds and other institutional investors.
Shares of INT stock opened at $23.98 on Friday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.32 and a quick ratio of 1.11. World Fuel Services Corp has a 52 week low of $19.78 and a 52 week high of $33.17. The company has a market capitalization 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 (NYSE:INT) last issued its earnings results on Thursday, October 25th. The oil and gas company reported $0.63 EPS for the quarter, beating 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 company had revenue of $10.43 billion during the quarter, compared to the consensus estimate of $10.47 billion. On average, analysts predict that World Fuel Services Corp will post 2.06 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, January 7th. Shareholders of record on Friday, December 14th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Thursday, December 13th. This represents a $0.24 dividend on an annualized basis and a yield of 1.00%. World Fuel Services’s payout ratio is currently 12.90%.
Several brokerages recently weighed in on INT. ValuEngine lowered World Fuel Services from a “buy” rating to a “hold” rating in a report on Tuesday, November 13th. Zacks Investment Research lowered World Fuel Services from a “buy” rating to a “hold” rating in a report on Wednesday, October 31st. Finally, TheStreet raised World Fuel Services from a “d+” rating to a “c-” rating in a report on Tuesday, September 25th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $32.00.
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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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