ClariVest Asset Management LLC purchased a new position in shares of World Fuel Services Corp (NYSE:INT) in the first quarter, Holdings Channel reports. The fund purchased 68,500 shares of the oil and gas company’s stock, valued at approximately $1,978,000.
Other institutional investors have also bought and sold shares of the company. Northern Trust Corp increased its stake in shares of World Fuel Services by 0.5% in the first quarter. Northern Trust Corp now owns 1,085,872 shares of the oil and gas company’s stock valued at $31,371,000 after buying an additional 5,167 shares during the period. Citigroup Inc. increased its stake in shares of World Fuel Services by 3.4% in the first quarter. Citigroup Inc. now owns 66,178 shares of the oil and gas company’s stock valued at $1,912,000 after buying an additional 2,149 shares during the period. State of Wisconsin Investment Board increased its stake in shares of World Fuel Services by 29.6% in the first quarter. State of Wisconsin Investment Board now owns 136,600 shares of the oil and gas company’s stock valued at $3,946,000 after buying an additional 31,200 shares during the period. Thompson Siegel & Walmsley LLC acquired a new stake in shares of World Fuel Services in the first quarter valued at about $904,000. Finally, Principal Financial Group Inc. increased its stake in shares of World Fuel Services by 0.4% in the first quarter. Principal Financial Group Inc. now owns 293,190 shares of the oil and gas company’s stock valued at $8,470,000 after buying an additional 1,198 shares during the period. 91.16% of the stock is owned by institutional investors.
In related news, EVP Robert Alexander Lake sold 1,500 shares of the company’s stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $32.91, for a total transaction of $49,365.00. Following the sale, the executive vice president now owns 59,122 shares in the company, valued at approximately $1,945,705.02. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director J Thomas Presby sold 13,078 shares of the company’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $29.23, for a total value of $382,269.94. The disclosure for this sale can be found here. 2.40% of the stock is owned by corporate insiders.
Shares of INT stock opened at $33.36 on Friday. The stock has a market capitalization of $2.23 billion, a PE ratio of 14.68, a P/E/G ratio of 2.84 and a beta of 1.06. The company has a quick ratio of 1.15, a current ratio of 1.36 and a debt-to-equity ratio of 0.35. World Fuel Services Corp has a 1-year low of $19.78 and a 1-year high of $33.81.
World Fuel Services (NYSE:INT) last issued its quarterly earnings results on Thursday, April 25th. The oil and gas company reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.17. World Fuel Services had a return on equity of 8.42% and a net margin of 0.35%. The company had revenue of $8.68 billion during the quarter, compared to analysts’ expectations of $9.98 billion. During the same quarter in the prior year, the firm posted $0.52 earnings per share. The business’s quarterly revenue was down 5.5% on a year-over-year basis. As a group, research analysts predict that World Fuel Services Corp will post 2.33 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Monday, June 10th will be given a dividend of $0.10 per share. This is a positive change from World Fuel Services’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Friday, June 7th. This represents a $0.40 annualized dividend and a dividend yield of 1.20%. World Fuel Services’s dividend payout ratio is presently 18.96%.
Several equities research analysts have recently weighed in on INT shares. Seaport Global Securities raised World Fuel Services from a “neutral” rating to a “buy” rating and set a $40.00 price target for the company in a research note on Thursday, March 7th. Zacks Investment Research cut World Fuel Services from a “buy” rating to a “hold” rating in a research note on Friday, March 1st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. World Fuel Services has a consensus rating of “Hold” and an average price target of $32.67.
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World Fuel Services 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 supplies fuel, and related products and services to commercial airlines, second and third tier airlines, cargo carriers, regional and low-cost carriers, airports, fixed based operators, corporate fleets, fractional operators, private aircraft, military fleets, the U.S.
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