Highlander Capital Management LLC maintained its stake in World Fuel Services Corporation (NYSE:INT) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,225 shares of the oil and gas company’s stock at the close of the second quarter. Highlander Capital Management LLC’s holdings in World Fuel Services Corporation were worth $440,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Artisan Partners Limited Partnership raised its holdings in World Fuel Services Corporation by 13.2% in the 2nd quarter. Artisan Partners Limited Partnership now owns 3,052,815 shares of the oil and gas company’s stock worth $117,381,000 after purchasing an additional 355,049 shares during the period. Prudential Financial Inc. raised its holdings in World Fuel Services Corporation by 13.7% in the 2nd quarter. Prudential Financial Inc. now owns 685,909 shares of the oil and gas company’s stock worth $26,374,000 after purchasing an additional 82,740 shares during the period. Sei Investments Co. raised its holdings in World Fuel Services Corporation by 151.3% in the 2nd quarter. Sei Investments Co. now owns 26,834 shares of the oil and gas company’s stock worth $1,032,000 after purchasing an additional 16,156 shares during the period. JPMorgan Chase & Co. raised its holdings in World Fuel Services Corporation by 3.3% in the 1st quarter. JPMorgan Chase & Co. now owns 448,030 shares of the oil and gas company’s stock worth $16,242,000 after purchasing an additional 14,303 shares during the period. Finally, Legal & General Group Plc raised its holdings in World Fuel Services Corporation by 3.6% in the 2nd quarter. Legal & General Group Plc now owns 172,060 shares of the oil and gas company’s stock worth $6,615,000 after purchasing an additional 6,044 shares during the period. 89.66% of the stock is currently owned by institutional investors.

World Fuel Services Corporation (NYSE:INT) traded up 0.11% during midday trading on Monday, reaching $35.81. The company’s stock had a trading volume of 90,097 shares. World Fuel Services Corporation has a one year low of $32.28 and a one year high of $47.49. The stock has a market cap of $2.45 billion, a price-to-earnings ratio of 23.45 and a beta of 0.95. The stock’s 50 day moving average price is $34.90 and its 200-day moving average price is $36.08.

World Fuel Services Corporation (NYSE:INT) last posted its quarterly earnings results on Thursday, July 27th. The oil and gas company reported $0.50 EPS for the quarter, missing the 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 business had revenue of $8.09 billion during the quarter, compared to analysts’ expectations of $8.41 billion. During the same period in the previous year, the company posted $0.63 earnings per share. World Fuel Services Corporation’s revenue for the quarter was up 21.9% compared to the same quarter last year. On average, analysts forecast that World Fuel Services Corporation will post $2.26 EPS for the current fiscal year.

World Fuel Services Corporation announced that its board has initiated a stock repurchase program on Wednesday, October 4th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the oil and gas company to purchase shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 6th. Shareholders of record on Monday, October 16th will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.67%. The ex-dividend date of this dividend is Friday, October 13th. World Fuel Services Corporation’s payout ratio is 15.69%.

In other news, EVP Robert Alexander Lake sold 1,500 shares of the stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $35.00, for a total transaction of $52,500.00. Following the sale, the executive vice president now directly 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 is available at this hyperlink. Also, SVP Carlos M. Velazquez sold 6,850 shares of the stock in a transaction dated Friday, August 11th. The stock was sold at an average price of $33.74, for a total transaction of $231,119.00. Following the sale, the senior vice president now directly owns 16,946 shares in the company, valued at $571,758.04. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by corporate insiders.

A number of equities analysts recently commented on the company. BidaskClub raised World Fuel Services Corporation from a “hold” rating to a “buy” rating in a report on Sunday, July 16th. Bank of America Corporation cut World Fuel Services Corporation from a “neutral” rating to an “underperform” rating and decreased their price target for the company from $41.00 to $36.00 in a report on Tuesday, September 26th. Finally, Zacks Investment Research cut World Fuel Services Corporation from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Two analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $42.00.

ILLEGAL ACTIVITY WARNING: “Highlander Capital Management LLC Has $440,000 Position in World Fuel Services Corporation (INT)” was originally posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this report on another publication, it was stolen and republished in violation of U.S. and international trademark & copyright laws. The correct version of this report can be read at https://www.thecerbatgem.com/2017/10/09/highlander-capital-management-llc-has-440000-position-in-world-fuel-services-corporation-int.html.

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.

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

Receive News & Stock Ratings for World Fuel Services Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for World Fuel Services Corporation and related stocks with our FREE daily email newsletter.