Meeder Asset Management Inc. lessened its holdings in World Fuel Services Corp (NYSE:INT) by 23.1% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 26,398 shares of the oil and gas company’s stock after selling 7,951 shares during the period. Meeder Asset Management Inc.’s holdings in World Fuel Services were worth $730,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. boosted its stake in shares of World Fuel Services by 33.5% in the 2nd quarter. BlackRock Inc. now owns 7,826,364 shares of the oil and gas company’s stock worth $159,738,000 after buying an additional 1,962,638 shares during the last quarter. FMR LLC boosted its stake in shares of World Fuel Services by 19.0% in the 2nd quarter. FMR LLC now owns 5,113,298 shares of the oil and gas company’s stock worth $104,362,000 after buying an additional 817,879 shares during the last quarter. Boston Partners boosted its stake in shares of World Fuel Services by 70.7% in the 2nd quarter. Boston Partners now owns 4,811,253 shares of the oil and gas company’s stock worth $98,198,000 after buying an additional 1,992,218 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in World Fuel Services by 17.4% in the second quarter. Dimensional Fund Advisors LP now owns 4,800,733 shares of the oil and gas company’s stock valued at $97,982,000 after purchasing an additional 710,792 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its stake in World Fuel Services by 1.3% in the second quarter. Janus Henderson Group PLC now owns 2,874,157 shares of the oil and gas company’s stock valued at $58,662,000 after purchasing an additional 37,993 shares during the last quarter. Hedge funds and other institutional investors own 95.20% of the company’s stock.
World Fuel Services stock opened at $29.42 on Friday. World Fuel Services Corp has a 12 month low of $19.78 and a 12 month high of $33.17. The company has a current ratio of 1.32, a quick ratio of 1.11 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $2.08 billion, a P/E ratio of 16.57, a PEG ratio of 3.01 and a beta of 0.83.
World Fuel Services (NYSE:INT) last posted its quarterly earnings data on Thursday, October 25th. The oil and gas company reported $0.63 EPS for the quarter, beating the 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 business had revenue of $10.43 billion for 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 year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, October 12th. Investors of record on Friday, September 21st were paid a $0.06 dividend. The ex-dividend date of this dividend was Thursday, September 20th. This represents a $0.24 annualized dividend and a yield of 0.82%. World Fuel Services’s payout ratio is 12.90%.
Several equities analysts recently commented on the company. Zacks Investment Research downgraded World Fuel Services from a “buy” rating to a “hold” rating in a research note on Wednesday, October 31st. ValuEngine upgraded World Fuel Services from a “sell” rating to a “hold” rating in a research note on Saturday, July 28th. TheStreet upgraded World Fuel Services from a “d+” rating to a “c-” rating in a research note on Tuesday, September 25th. Finally, Bank of America dropped their price objective on World Fuel Services from $25.00 to $24.00 and set an “underperform” rating on the stock in a research note on Friday, July 27th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. World Fuel Services currently has a consensus rating of “Hold” and a consensus target price of $32.00.
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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 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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