Systematic Financial Management LP cut its stake in World Fuel Services Corp (NYSE:INT) by 9.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 48,015 shares of the oil and gas company’s stock after selling 5,175 shares during the period. Systematic Financial Management LP’s holdings in World Fuel Services were worth $1,387,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also bought and sold shares of the stock. BlackRock Inc. raised its stake in shares of World Fuel Services by 1.4% during the fourth quarter. BlackRock Inc. now owns 8,363,464 shares of the oil and gas company’s stock worth $179,063,000 after buying an additional 119,118 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of World Fuel Services by 4.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 5,685,164 shares of the oil and gas company’s stock worth $121,718,000 after buying an additional 245,831 shares during the last quarter. Boston Partners raised its stake in shares of World Fuel Services by 1.3% during the fourth quarter. Boston Partners now owns 4,832,593 shares of the oil and gas company’s stock worth $103,466,000 after buying an additional 63,612 shares during the last quarter. Prudential Financial Inc. raised its stake in shares of World Fuel Services by 1.4% during the fourth quarter. Prudential Financial Inc. now owns 1,569,345 shares of the oil and gas company’s stock worth $33,600,000 after buying an additional 21,466 shares during the last quarter. Finally, Brandes Investment Partners LP raised its stake in shares of World Fuel Services by 2.1% during the fourth quarter. Brandes Investment Partners LP now owns 1,359,004 shares of the oil and gas company’s stock worth $29,097,000 after buying an additional 27,990 shares during the last quarter. 90.03% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of World Fuel Services from a “buy” rating to a “hold” rating in a research note on Thursday, May 2nd. Seaport Global Securities upgraded shares of World Fuel Services from a “neutral” rating to a “buy” rating and set a $40.00 price objective for the company in a report on Thursday, March 7th. Finally, ValuEngine upgraded shares of World Fuel Services from a “sell” rating to a “hold” rating in a report on Monday, February 4th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $32.67.
INT traded up $0.02 during trading hours on Friday, hitting $31.27. 5,887 shares of the company’s stock were exchanged, compared to its average volume of 555,496. World Fuel Services Corp has a 1-year low of $19.78 and a 1-year high of $33.17. The stock has a market capitalization of $2.03 billion, a price-to-earnings ratio of 14.84, a PEG ratio of 2.59 and a beta of 1.09. The company has a current ratio of 1.36, a quick ratio of 1.15 and a debt-to-equity ratio of 0.35.
World Fuel Services (NYSE:INT) last posted its quarterly earnings results on Thursday, April 25th. The oil and gas company reported $0.66 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.17. The firm had revenue of $8.68 billion for the quarter, compared to analyst estimates of $9.98 billion. World Fuel Services had a net margin of 0.35% and a return on equity of 8.42%. The company’s quarterly revenue was down 5.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.52 earnings per share. As a group, research analysts predict that World Fuel Services Corp will post 2.33 earnings per share for the current fiscal year.
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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 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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