Caxton Associates LP acquired a new position in shares of World Fuel Services Corp (NYSE:INT) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 12,960 shares of the oil and gas company’s stock, valued at approximately $365,000.
Other large investors have also recently bought and sold shares of the company. Salem Investment Counselors Inc. acquired a new position in World Fuel Services during the 3rd quarter worth $170,000. State of Alaska Department of Revenue acquired a new position in World Fuel Services during the 4th quarter worth $146,000. Amundi Pioneer Asset Management Inc. acquired a new position in World Fuel Services during the 4th quarter worth $155,000. TD Asset Management Inc. acquired a new position in World Fuel Services during the 3rd quarter worth $204,000. Finally, Itau Unibanco Holding S.A. lifted its holdings in World Fuel Services by 51.7% during the 4th quarter. Itau Unibanco Holding S.A. now owns 6,091 shares of the oil and gas company’s stock worth $171,000 after buying an additional 2,077 shares in the last quarter. 89.50% of the stock is currently owned by hedge funds and other institutional investors.
INT has been the topic of several research reports. Zacks Investment Research raised World Fuel Services from a “sell” rating to a “hold” rating in a report on Tuesday, December 26th. ValuEngine downgraded World Fuel Services from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Seaport Global Securities assumed coverage on shares of World Fuel Services in a research report on Friday, February 9th. They set a “neutral” rating for the company. TheStreet cut shares of World Fuel Services from a “c-” rating to a “d+” rating in a research report on Friday, February 23rd. Finally, Stifel Nicolaus dropped their target price on shares of World Fuel Services from $46.00 to $40.00 and set a “buy” rating for the company in a research report on Friday, February 23rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $38.00.
World Fuel Services (NYSE:INT) last issued its earnings results on Thursday, February 22nd. The oil and gas company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.61 by ($0.36). The business had revenue of $8.87 billion for the quarter, compared to the consensus estimate of $8.72 billion. World Fuel Services had a negative net margin of 0.51% and a positive return on equity of 6.45%. The business’s revenue was up 13.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.36 EPS. equities research analysts forecast that World Fuel Services Corp will post 2.31 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, April 6th. Shareholders of record on Friday, March 16th will be given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.02%. The ex-dividend date of this dividend is Thursday, March 15th. World Fuel Services’s payout ratio is -9.45%.
World Fuel Services Company 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.
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