Nationwide Fund Advisors grew its position in shares of World Fuel Services Corporation (NYSE:INT) by 2.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 138,987 shares of the oil and gas company’s stock after acquiring an additional 2,666 shares during the quarter. Nationwide Fund Advisors owned about 0.20% of World Fuel Services Corporation worth $5,344,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in INT. BlackRock Inc. increased its holdings in shares of World Fuel Services Corporation by 5,327.4% during the first quarter. BlackRock Inc. now owns 5,998,492 shares of the oil and gas company’s stock valued at $217,445,000 after acquiring an additional 5,887,970 shares in the last quarter. AJO LP purchased a new position in shares of World Fuel Services Corporation during the second quarter valued at approximately $54,483,000. Dimensional Fund Advisors LP boosted its position in shares of World Fuel Services Corporation by 37.7% during the first quarter. Dimensional Fund Advisors LP now owns 1,729,695 shares of the oil and gas company’s stock valued at $62,700,000 after buying an additional 473,847 shares during the last quarter. Royce & Associates LP boosted its position in shares of World Fuel Services Corporation by 171.1% during the first quarter. Royce & Associates LP now owns 324,800 shares of the oil and gas company’s stock valued at $11,774,000 after buying an additional 205,000 shares during the last quarter. Finally, BNP Paribas Arbitrage SA boosted its position in shares of World Fuel Services Corporation by 1,102.3% during the second quarter. BNP Paribas Arbitrage SA now owns 196,558 shares of the oil and gas company’s stock valued at $7,558,000 after buying an additional 180,209 shares during the last quarter. Hedge funds and other institutional investors own 89.66% of the company’s stock.

Several brokerages recently issued reports on INT. BidaskClub cut World Fuel Services Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, August 3rd. Bank of America Corporation cut World Fuel Services Corporation from a “neutral” rating to an “underperform” rating and cut their target price for the company from $41.00 to $36.00 in a research report on Tuesday, September 26th. Finally, Zacks Investment Research cut World Fuel Services Corporation from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $42.00.

In related news, EVP Robert Alexander Lake sold 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $35.00, for a total transaction of $52,500.00. Following the completion of the transaction, the executive vice president now owns 42,302 shares of the company’s stock, valued at approximately $1,480,570. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Carlos M. Velazquez sold 6,850 shares of the firm’s stock in a transaction that occurred on Friday, August 11th. The shares were sold at an average price of $33.74, for a total value of $231,119.00. Following the transaction, the senior vice president now directly owns 16,946 shares of the company’s stock, valued at approximately $571,758.04. The disclosure for this sale can be found here. 2.30% of the stock is owned by company insiders.

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World Fuel Services Corporation (INT) opened at 35.81 on Thursday. The company’s 50 day moving average price is $34.72 and its 200 day moving average price is $36.08. The stock has a market cap of $2.45 billion, a PE ratio of 23.45 and a beta of 0.95. World Fuel Services Corporation has a 12 month low of $32.28 and a 12 month high of $47.49.

World Fuel Services Corporation (NYSE:INT) last posted its quarterly earnings data on Thursday, July 27th. The oil and gas company reported $0.50 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.56 by ($0.06). World Fuel Services Corporation had a net margin of 0.34% and a return on equity of 5.60%. The company had revenue of $8.09 billion for the quarter, compared to the consensus estimate of $8.41 billion. During the same period last year, the business earned $0.63 EPS. The firm’s quarterly revenue was up 21.9% on a year-over-year basis. Equities analysts forecast that World Fuel Services Corporation will post $2.26 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 6th. Investors of record on Monday, October 16th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.67%. World Fuel Services Corporation’s dividend payout ratio (DPR) is presently 15.69%.

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

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