Morgan Stanley lifted its position in World Fuel Services Corp (NYSE:INT) by 17.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 154,119 shares of the oil and gas company’s stock after buying an additional 22,549 shares during the period. Morgan Stanley’s holdings in World Fuel Services were worth $3,881,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of INT. Advisor Group Holdings Inc. acquired a new stake in World Fuel Services in the 1st quarter worth approximately $75,000. C M Bidwell & Associates Ltd. boosted its stake in World Fuel Services by 100.2% in the 1st quarter. C M Bidwell & Associates Ltd. now owns 4,165 shares of the oil and gas company’s stock worth $105,000 after purchasing an additional 2,085 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in World Fuel Services by 15.1% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,476 shares of the oil and gas company’s stock worth $138,000 after purchasing an additional 717 shares in the last quarter. US Bancorp DE boosted its stake in World Fuel Services by 84.2% in the 1st quarter. US Bancorp DE now owns 6,050 shares of the oil and gas company’s stock worth $152,000 after purchasing an additional 2,766 shares in the last quarter. Finally, CWM Advisors LLC acquired a new stake in World Fuel Services in the 1st quarter worth approximately $177,000. 91.15% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE INT opened at $25.25 on Thursday. The company has a current ratio of 1.82, a quick ratio of 1.63 and a debt-to-equity ratio of 0.57. World Fuel Services Corp has a 12 month low of $20.04 and a 12 month high of $44.37. The company has a 50 day simple moving average of $25.38 and a two-hundred day simple moving average of $24.83. The stock has a market cap of $1.60 billion, a price-to-earnings ratio of 12.26, a PEG ratio of 2.94 and a beta of 1.10.

World Fuel Services (NYSE:INT) last announced its quarterly earnings data on Thursday, July 30th. The oil and gas company reported $0.13 EPS for the quarter, beating the consensus estimate of ($0.09) by $0.22. World Fuel Services had a net margin of 0.46% and a return on equity of 8.61%. The business had revenue of $3.16 billion during the quarter, compared to analysts’ expectations of $4.57 billion. During the same period in the previous year, the business posted $0.58 EPS. Analysts forecast that World Fuel Services Corp will post 1.6 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Friday, September 25th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.58%. The ex-dividend date of this dividend is Thursday, September 24th. World Fuel Services’s payout ratio is 14.34%.

In related news, Director Paul H. Stebbins sold 20,000 shares of the business’s stock in a transaction on Friday, August 28th. The shares were sold at an average price of $27.25, for a total value of $545,000.00. Following the completion of the transaction, the director now directly owns 29,998 shares in the company, valued at approximately $817,445.50. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 2.50% of the company’s stock.

A number of analysts recently commented on INT shares. Zacks Investment Research upgraded shares of World Fuel Services from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a research note on Tuesday, August 4th. ValuEngine cut shares of World Fuel Services from a “hold” rating to a “sell” rating in a research note on Monday, August 3rd.

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.

Further Reading: Why Invest in High-Yield Dividend Stocks?

Want to see what other hedge funds are holding INT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for World Fuel Services Corp (NYSE:INT).

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

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