First Trust Advisors LP reduced its stake in shares of World Fuel Services Corporation (NYSE:INT) by 39.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 216,398 shares of the oil and gas company’s stock after selling 138,176 shares during the quarter. First Trust Advisors LP owned 0.32% of World Fuel Services Corporation worth $7,338,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in INT. Acrospire Investment Management LLC grew its stake in shares of World Fuel Services Corporation by 130.8% during the second quarter. Acrospire Investment Management LLC now owns 3,000 shares of the oil and gas company’s stock valued at $115,000 after buying an additional 1,700 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its stake in shares of World Fuel Services Corporation by 17.0% during the first quarter. Nomura Asset Management Co. Ltd. now owns 3,640 shares of the oil and gas company’s stock valued at $132,000 after buying an additional 530 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of World Fuel Services Corporation by 17.6% during the second quarter. Victory Capital Management Inc. now owns 3,789 shares of the oil and gas company’s stock valued at $146,000 after buying an additional 567 shares during the last quarter. Cubist Systematic Strategies LLC bought a new position in shares of World Fuel Services Corporation during the second quarter valued at about $195,000. Finally, Shelton Capital Management bought a new position in shares of World Fuel Services Corporation during the second quarter valued at about $205,000. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

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Several analysts recently issued reports on the company. BidaskClub cut World Fuel Services Corporation from a “hold” rating to a “sell” rating in a research note 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 stock from $41.00 to $36.00 in a research note on Tuesday, September 26th. Finally, Zacks Investment Research cut World Fuel Services Corporation from a “hold” rating to a “sell” rating in a research note on Monday, July 31st.

Shares of World Fuel Services Corporation (NYSE INT) opened at $26.75 on Tuesday. The company has a quick ratio of 1.42, a current ratio of 1.63 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $1,812.86, a PE ratio of 16.97, a P/E/G ratio of 2.39 and a beta of 0.90. World Fuel Services Corporation has a 12 month low of $26.05 and a 12 month high of $47.49.

World Fuel Services Corporation (NYSE:INT) last posted its earnings results on Thursday, October 26th. The oil and gas company reported $0.60 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.60. The company had revenue of $8.54 billion for the quarter, compared to analysts’ expectations of $8.19 billion. World Fuel Services Corporation had a return on equity of 5.54% and a net margin of 0.08%. World Fuel Services Corporation’s quarterly revenue was up 15.4% on a year-over-year basis. During the same period last year, the firm earned $0.82 earnings per share. analysts predict that World Fuel Services Corporation will post 2.24 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, November 6th. Investors of record on Monday, October 16th were paid a $0.06 dividend. The ex-dividend date of this dividend was Friday, October 13th. This represents a $0.24 annualized dividend and a dividend yield of 0.90%. World Fuel Services Corporation’s payout ratio is presently 68.57%.

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

World Fuel Services Corporation Company 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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