California Public Employees Retirement System lifted its holdings in shares of World Fuel Services Corporation (NYSE:INT) by 5.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 141,100 shares of the oil and gas company’s stock after purchasing an additional 7,700 shares during the quarter. California Public Employees Retirement System owned 0.21% of World Fuel Services Corporation worth $5,425,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in INT. US Bancorp DE raised its position in shares of World Fuel Services Corporation by 38.8% during the first quarter. US Bancorp DE now owns 4,448 shares of the oil and gas company’s stock worth $161,000 after purchasing an additional 1,243 shares during the period. Sei Investments Co. raised its position in shares of World Fuel Services Corporation by 36.6% during the first quarter. Sei Investments Co. now owns 10,678 shares of the oil and gas company’s stock worth $387,000 after purchasing an additional 2,862 shares during the period. Victory Capital Management Inc. acquired a new stake in shares of World Fuel Services Corporation during the first quarter worth about $117,000. Credit Agricole S A raised its position in shares of World Fuel Services Corporation by 199.4% during the first quarter. Credit Agricole S A now owns 9,164 shares of the oil and gas company’s stock worth $332,000 after purchasing an additional 6,103 shares during the period. Finally, OppenheimerFunds Inc. raised its position in shares of World Fuel Services Corporation by 52.4% during the first quarter. OppenheimerFunds Inc. now owns 182,893 shares of the oil and gas company’s stock worth $6,630,000 after purchasing an additional 62,909 shares during the period. 89.66% of the stock is currently owned by institutional investors.

Shares of World Fuel Services Corporation (NYSE:INT) opened at 35.18 on Wednesday. The company has a 50-day moving average price of $35.29 and a 200-day moving average price of $36.09. The firm has a market cap of $2.41 billion, a price-to-earnings ratio of 23.04 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 results on Thursday, July 27th. The oil and gas company reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.06). World Fuel Services Corporation had a return on equity of 5.60% and a net margin of 0.34%. The firm had revenue of $8.09 billion for the quarter, compared to analyst estimates of $8.41 billion. During the same period last year, the company posted $0.63 earnings per share. The firm’s quarterly revenue was up 21.9% compared to the same quarter last year. Analysts forecast that World Fuel Services Corporation will post $2.26 earnings per share for the current fiscal year.

World Fuel Services Corporation declared that its board has authorized a share 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 repurchase shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s board believes its shares are undervalued.

The company also recently declared a quarterly dividend, which will be paid on Monday, November 6th. Investors of record on Monday, October 16th will be paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date of this dividend is Friday, October 13th. World Fuel Services Corporation’s dividend payout ratio (DPR) is currently 15.69%.

A number of equities research analysts recently issued reports on the company. BidaskClub raised World Fuel Services Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, August 10th. Zacks Investment Research lowered World Fuel Services Corporation from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. Finally, Bank of America Corporation lowered World Fuel Services Corporation from a “neutral” rating to an “underperform” rating and dropped their target price for the company from $41.00 to $36.00 in a research report on Tuesday, September 26th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a buy rating to the company. The stock presently 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 company’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 transaction, 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 document filed with the SEC, which can be accessed through this link. Also, SVP Carlos M. Velazquez sold 6,850 shares of the company’s stock in a transaction that occurred on Friday, August 11th. The stock was 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 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.

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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)

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