World Fuel Services Corp (INT) Shares Bought by Commonwealth Bank of Australia

Commonwealth Bank of Australia lifted its stake in shares of World Fuel Services Corp (NYSE:INT) by 54.3% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 62,800 shares of the oil and gas company’s stock after purchasing an additional 22,100 shares during the period. Commonwealth Bank of Australia owned about 0.09% of World Fuel Services worth $2,125,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Teacher Retirement System of Texas lifted its holdings in World Fuel Services by 0.9% in the second quarter. Teacher Retirement System of Texas now owns 5,645 shares of the oil and gas company’s stock worth $217,000 after acquiring an additional 49 shares during the last quarter. State Treasurer State of Michigan lifted its holdings in World Fuel Services by 0.4% in the second quarter. State Treasurer State of Michigan now owns 28,500 shares of the oil and gas company’s stock worth $1,096,000 after acquiring an additional 100 shares during the last quarter. World Asset Management Inc lifted its holdings in World Fuel Services by 2.0% in the second quarter. World Asset Management Inc now owns 6,927 shares of the oil and gas company’s stock worth $266,000 after acquiring an additional 134 shares during the last quarter. Northwestern Mutual Investment Management Company LLC lifted its holdings in World Fuel Services by 1.5% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 12,227 shares of the oil and gas company’s stock worth $581,000 after acquiring an additional 175 shares during the last quarter. Finally, Louisiana State Employees Retirement System lifted its holdings in World Fuel Services by 1.7% in the second quarter. Louisiana State Employees Retirement System now owns 18,000 shares of the oil and gas company’s stock worth $692,000 after acquiring an additional 300 shares during the last quarter. 89.71% of the stock is currently owned by hedge funds and other institutional investors.

A number of brokerages have issued reports on INT. BidaskClub raised shares of World Fuel Services from a “sell” rating to a “hold” rating in a report on Thursday, August 10th. Bank of America cut shares of World Fuel Services from a “neutral” rating to an “underperform” rating and cut their target price for the stock from $41.00 to $36.00 in a report on Tuesday, September 26th.

Shares of World Fuel Services Corp (NYSE INT) traded up $0.72 during midday trading on Monday, reaching $28.76. 24,503 shares of the company’s stock were exchanged, compared to its average volume of 547,822. The company has a quick ratio of 1.42, a current ratio of 1.63 and a debt-to-equity ratio of 0.58. World Fuel Services Corp has a 1 year low of $25.80 and a 1 year high of $47.49. The company has a market capitalization of $1,896.03, a PE ratio of 17.75, a P/E/G ratio of 2.50 and a beta of 0.92.

World Fuel Services (NYSE:INT) last issued its earnings results on Thursday, October 26th. The oil and gas company reported $0.60 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.60. World Fuel Services had a net margin of 0.08% and a return on equity of 5.54%. The firm had revenue of $8.54 billion for the quarter, compared to analysts’ expectations of $8.19 billion. During the same quarter last year, the company posted $0.82 earnings per share. World Fuel Services’s revenue was up 15.4% on a year-over-year basis. research analysts anticipate that World Fuel Services Corp will post 2.24 earnings per share for the current year.

World Fuel Services announced that its Board of Directors has approved a stock repurchase plan on Wednesday, October 4th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the oil and gas company to reacquire shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

The company also recently declared a quarterly dividend, which will be paid on Friday, January 5th. Shareholders of record on Friday, December 15th will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.83%. World Fuel Services’s payout ratio is currently 68.57%.

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World Fuel Services Profile

World Fuel Services Corporation is engaged in providing aviation, marine and land energy, logistics and technology solutions to customers and suppliers around the world. The Company operates through three segments: Aviation, Marine and Land. In its Aviation segment, the Company offers fuel and related products and services.

Institutional Ownership by Quarter for World Fuel Services (NYSE:INT)

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