Mackay Shields LLC trimmed its holdings in shares of World Fuel Services Corp (NYSE:INT) by 13.7% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 115,400 shares of the oil and gas company’s stock after selling 18,300 shares during the period. Mackay Shields LLC owned approximately 0.18% of World Fuel Services worth $4,609,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. Usca Ria LLC bought a new position in shares of World Fuel Services during the 3rd quarter worth approximately $30,000. First Bank & Trust bought a new position in shares of World Fuel Services during the 3rd quarter worth approximately $56,000. Financial Gravity Wealth Inc. boosted its holdings in shares of World Fuel Services by 269.0% during the 2nd 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 in the last quarter. Parkside Financial Bank & Trust boosted its holdings in shares of World Fuel Services by 26.0% during the 2nd quarter. Parkside Financial Bank & Trust now owns 2,723 shares of the oil and gas company’s stock worth $98,000 after buying an additional 562 shares in the last quarter. Finally, US Bancorp DE boosted its holdings in shares of World Fuel Services by 10.3% during the 2nd quarter. US Bancorp DE now owns 3,018 shares of the oil and gas company’s stock worth $109,000 after buying an additional 282 shares in the last quarter. Hedge funds and other institutional investors own 93.98% of the company’s stock.

Shares of INT traded up $0.01 during trading hours on Friday, reaching $43.06. The stock had a trading volume of 233,701 shares, compared to its average volume of 479,348. World Fuel Services Corp has a 12 month low of $19.81 and a 12 month high of $44.33. The firm has a 50-day simple moving average of $40.17 and a 200 day simple moving average of $36.22. The company has a current ratio of 1.36, a quick ratio of 1.16 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $2.81 billion, a price-to-earnings ratio of 20.41, a P/E/G ratio of 3.46 and a beta of 1.15.

World Fuel Services (NYSE:INT) last issued its earnings results on Wednesday, October 30th. The oil and gas company reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.08. World Fuel Services had a return on equity of 9.12% and a net margin of 0.42%. The company had revenue of $9.32 billion for the quarter, compared to analysts’ expectations of $9.91 billion. During the same period last year, the business earned $0.63 EPS. World Fuel Services’s quarterly revenue was down 10.6% compared to the same quarter last year. On average, equities analysts forecast that World Fuel Services Corp will post 2.49 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Wednesday, September 25th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date of this dividend was Tuesday, September 24th. World Fuel Services’s dividend payout ratio is currently 18.96%.

In other World Fuel Services news, Director Paul H. Stebbins sold 10,000 shares of the firm’s stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $38.05, for a total transaction of $380,500.00. Following the transaction, the director now directly owns 23,692 shares in the company, valued at approximately $901,480.60. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Richard A. Kassar sold 5,000 shares of the firm’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $37.92, for a total value of $189,600.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 80,450 shares of company stock worth $3,132,902. 2.40% of the stock is owned by company insiders.

INT has been the topic of a number of research analyst reports. TheStreet upgraded World Fuel Services from a “c+” rating to a “b-” rating in a report on Tuesday, July 16th. ValuEngine upgraded World Fuel Services from a “sell” rating to a “hold” rating in a report on Thursday, October 31st. Zacks Investment Research cut World Fuel Services from a “buy” rating to a “hold” rating in a report on Tuesday, November 5th. Finally, Stifel Nicolaus increased their target price on World Fuel Services from $43.00 to $46.00 and gave the stock a “buy” rating in a report on Friday, August 23rd. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $44.33.

About World Fuel Services

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

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