Vanguard Group Inc trimmed its holdings in World Fuel Services Corp (NYSE:INT) by 0.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,002,122 shares of the oil and gas company’s stock after selling 52,694 shares during the period. Vanguard Group Inc owned about 8.93% of World Fuel Services worth $166,139,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also bought and sold shares of the company. Teachers Advisors LLC boosted its position in shares of World Fuel Services by 144.6% during the third quarter. Teachers Advisors LLC now owns 559,985 shares of the oil and gas company’s stock worth $15,500,000 after buying an additional 331,047 shares during the period. IndexIQ Advisors LLC boosted its position in World Fuel Services by 3.9% during the third quarter. IndexIQ Advisors LLC now owns 92,597 shares of the oil and gas company’s stock valued at $2,563,000 after purchasing an additional 3,499 shares during the last quarter. MetLife Investment Advisors LLC boosted its position in World Fuel Services by 21.9% during the third quarter. MetLife Investment Advisors LLC now owns 89,971 shares of the oil and gas company’s stock valued at $2,490,000 after purchasing an additional 16,180 shares during the last quarter. RBF Capital LLC acquired a new position in World Fuel Services during the third quarter valued at approximately $208,000. Finally, Pacer Advisors Inc. boosted its position in World Fuel Services by 12.7% during the third quarter. Pacer Advisors Inc. now owns 23,635 shares of the oil and gas company’s stock valued at $654,000 after purchasing an additional 2,665 shares during the last quarter. 92.88% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE INT opened at $24.50 on Friday. World Fuel Services Corp has a 52 week low of $19.78 and a 52 week high of $33.17. The company has a quick ratio of 1.11, a current ratio of 1.32 and a debt-to-equity ratio of 0.40. The company has a market cap of $1.62 billion, a P/E ratio of 12.87, a P/E/G ratio of 2.10 and a beta of 0.90.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 7th. Shareholders of record on Friday, December 14th were paid a $0.06 dividend. The ex-dividend date was Thursday, December 13th. This represents a $0.24 annualized dividend and a yield of 0.98%. World Fuel Services’s dividend payout ratio is 12.90%.
Several research analysts recently commented on INT shares. ValuEngine cut World Fuel Services from a “hold” rating to a “sell” rating in a research report on Tuesday, December 11th. Zacks Investment Research cut World Fuel Services from a “buy” rating to a “hold” rating in a research report on Thursday, September 27th. Finally, TheStreet raised World Fuel Services from a “d+” rating to a “c-” rating in a research report on Tuesday, September 25th. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company’s stock. World Fuel Services presently has an average rating of “Hold” and a consensus target price of $29.00.
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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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