Price T Rowe Associates Inc. MD lifted its stake in World Fuel Services Corp (NYSE:INT) by 9.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 47,518 shares of the oil and gas company’s stock after acquiring an additional 4,245 shares during the period. Price T Rowe Associates Inc. MD’s holdings in World Fuel Services were worth $1,709,000 at the end of the most recent reporting period.
Other institutional investors also recently made changes to their positions in the company. Financial Gravity Wealth Inc. lifted its position in World Fuel Services by 269.0% in the second quarter. Financial Gravity Wealth Inc. now owns 1,871 shares of the oil and gas company’s stock worth $67,000 after purchasing an additional 1,364 shares during the period. Parkside Financial Bank & Trust lifted its position in World Fuel Services by 26.0% in the second quarter. Parkside Financial Bank & Trust now owns 2,723 shares of the oil and gas company’s stock worth $98,000 after purchasing an additional 562 shares during the period. US Bancorp DE lifted its position in World Fuel Services by 10.3% in the second quarter. US Bancorp DE now owns 3,018 shares of the oil and gas company’s stock worth $109,000 after purchasing an additional 282 shares during the period. Alambic Investment Management L.P. bought a new position in World Fuel Services in the second quarter worth $201,000. Finally, AMP Capital Investors Ltd bought a new position in World Fuel Services in the second quarter worth $211,000. Institutional investors and hedge funds own 93.59% of the company’s stock.
Several brokerages recently commented on INT. TheStreet raised World Fuel Services from a “c+” rating to a “b-” rating in a research report on Tuesday, July 16th. Stifel Nicolaus raised their target price on World Fuel Services from $43.00 to $46.00 and gave the stock a “buy” rating in a research report on Friday, August 23rd. ValuEngine cut World Fuel Services from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. Finally, Zacks Investment Research cut World Fuel Services from a “buy” rating to a “hold” rating in a research report on Wednesday, September 25th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company’s stock. World Fuel Services currently has a consensus rating of “Hold” and an average target price of $42.67.
Shares of INT stock opened at $38.99 on Friday. The stock has a market cap of $2.55 billion, a P/E ratio of 18.48, a price-to-earnings-growth ratio of 3.26 and a beta of 1.15. World Fuel Services Corp has a one year low of $19.81 and a one year high of $42.14. The stock has a fifty day moving average price of $39.27 and a 200 day moving average price of $34.75. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.35 and a quick ratio of 1.16.
World Fuel Services (NYSE:INT) last issued its quarterly earnings data on Thursday, July 25th. The oil and gas company reported $0.58 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.04. The company had revenue of $9.46 billion during the quarter, compared to analysts’ expectations of $9.77 billion. World Fuel Services had a return on equity of 8.76% and a net margin of 0.38%. The business’s revenue was down 6.8% on a year-over-year basis. During the same period last year, the business earned $0.47 earnings per share. Equities research analysts anticipate that World Fuel Services Corp will post 2.38 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Wednesday, September 25th were issued a dividend of $0.10 per share. The ex-dividend date was Tuesday, September 24th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.03%. World Fuel Services’s payout ratio is presently 18.96%.
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 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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