Engineers Gate Manager LP trimmed its stake in shares of World Fuel Services Corp (NYSE:INT) by 52.7% in the 3rd quarter, Holdings Channel reports. The firm owned 54,653 shares of the oil and gas company’s stock after selling 60,846 shares during the period. Engineers Gate Manager LP’s holdings in World Fuel Services were worth $1,513,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. raised its holdings in shares of World Fuel Services by 33.5% during the second quarter. BlackRock Inc. now owns 7,826,364 shares of the oil and gas company’s stock valued at $159,738,000 after purchasing an additional 1,962,638 shares during the last quarter. FMR LLC raised its holdings in shares of World Fuel Services by 19.0% during the second quarter. FMR LLC now owns 5,113,298 shares of the oil and gas company’s stock valued at $104,362,000 after purchasing an additional 817,879 shares during the last quarter. Boston Partners raised its holdings in shares of World Fuel Services by 70.7% during the second quarter. Boston Partners now owns 4,811,253 shares of the oil and gas company’s stock valued at $98,198,000 after purchasing an additional 1,992,218 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of World Fuel Services by 17.4% during 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 raised its holdings in shares of World Fuel Services by 1.3% during 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. 95.20% of the stock is owned by hedge funds and other institutional investors.
Several research analysts have recently weighed in on INT shares. Zacks Investment Research cut shares of World Fuel Services from a “buy” rating to a “hold” rating in a report on Thursday, September 27th. Bank of America reduced their target price on shares of World Fuel Services from $25.00 to $24.00 and set an “underperform” rating for the company in a report on Friday, July 27th. TheStreet raised shares of World Fuel Services from a “d+” rating to a “c-” rating in a report on Tuesday, September 25th. Finally, ValuEngine raised shares of World Fuel Services from a “sell” rating to a “hold” rating in a report on Saturday, July 28th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $32.00.
World Fuel Services (NYSE:INT) last announced its earnings results on Thursday, October 25th. The oil and gas company reported $0.63 EPS for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.07. World Fuel Services had a negative net margin of 0.25% and a positive return on equity of 7.14%. The business had revenue of $10.43 billion during the quarter, compared to analysts’ expectations of $10.47 billion. As a group, research analysts predict that World Fuel Services Corp will post 2.06 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, October 12th. Shareholders of record on Friday, September 21st were issued a dividend of $0.06 per share. The ex-dividend date was Thursday, September 20th. This represents a $0.24 dividend on an annualized basis and a yield of 0.79%. World Fuel Services’s dividend payout ratio is currently 12.90%.
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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 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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