Public Employees Retirement System of Ohio Has $4.15 Million Stake in World Fuel Services Corp (NYSE:INT)
Public Employees Retirement System of Ohio increased its position in shares of World Fuel Services Corp (NYSE:INT) by 46.3% during the second quarter, Holdings Channel.com reports. The institutional investor owned 115,316 shares of the oil and gas company’s stock after purchasing an additional 36,496 shares during the period. Public Employees Retirement System of Ohio’s holdings in World Fuel Services were worth $4,147,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Financial Gravity Wealth Inc. increased its holdings in World Fuel Services by 269.0% during the second quarter. Financial Gravity Wealth Inc. now owns 1,871 shares of the oil and gas company’s stock worth $67,000 after buying an additional 1,364 shares during the last quarter. Parkside Financial Bank & Trust increased its holdings in shares of World Fuel Services by 26.0% in the second quarter. Parkside Financial Bank & Trust now owns 2,723 shares of the oil and gas company’s stock valued at $98,000 after purchasing an additional 562 shares during the last quarter. Envestnet Asset Management Inc. acquired a new position in shares of World Fuel Services in the second quarter valued at $218,000. ARP Americas LP acquired a new position in shares of World Fuel Services in the second quarter valued at $238,000. Finally, SG Americas Securities LLC acquired a new position in shares of World Fuel Services in the first quarter valued at $209,000. Institutional investors and hedge funds own 94.19% of the company’s stock.
Several research firms have commented on INT. TheStreet upgraded shares of World Fuel Services from a “c+” rating to a “b-” rating in a report on Tuesday, July 16th. ValuEngine downgraded shares of World Fuel Services from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Zacks Investment Research upgraded shares of World Fuel Services from a “hold” rating to a “strong-buy” rating and set a $42.00 price objective on the stock in a report on Wednesday, July 3rd. Finally, Stifel Nicolaus upped their price objective on shares of World Fuel Services from $43.00 to $46.00 and gave the company a “buy” rating in a report on Friday, August 23rd. One investment analyst has rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. World Fuel Services currently has a consensus rating of “Buy” and a consensus target price of $42.67.
Shares of NYSE:INT traded down $0.79 on Friday, hitting $39.83. The company had a trading volume of 446,619 shares, compared to its average volume of 391,697. World Fuel Services Corp has a 1-year low of $19.81 and a 1-year high of $41.34. The stock has a market cap of $2.60 billion, a price-to-earnings ratio of 18.88, a P/E/G ratio of 3.45 and a beta of 1.17. The stock has a 50 day moving average price of $38.34 and a 200 day moving average price of $33.24. The company has a current ratio of 1.35, a quick ratio of 1.16 and a debt-to-equity ratio of 0.37.
World Fuel Services (NYSE:INT) last released its quarterly earnings data on Thursday, July 25th. The oil and gas company reported $0.58 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.04. World Fuel Services had a net margin of 0.38% and a return on equity of 8.76%. The firm had revenue of $9.46 billion for the quarter, compared to the consensus estimate of $9.77 billion. During the same period in the previous year, the company earned $0.47 earnings per share. The company’s quarterly revenue was down 6.8% on a year-over-year basis. Sell-side analysts anticipate that World Fuel Services Corp will post 2.38 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 11th. Stockholders of record on Wednesday, September 25th will be given a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, September 24th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.00%. World Fuel Services’s payout ratio is presently 18.96%.
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 supplies fuel, and related products and services to commercial airlines, second and third tier airlines, cargo carriers, regional and low-cost carriers, airports, fixed based operators, corporate fleets, fractional operators, private aircraft, military fleets, the U.S.
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