Jane Street Group LLC acquired a new stake in World Fuel Services Corp (NYSE:INT) during the 3rd quarter, HoldingsChannel reports. The fund acquired 17,962 shares of the oil and gas company’s stock, valued at approximately $497,000.
A number of other hedge funds have also added to or reduced their stakes in the stock. BlackRock Inc. lifted its position in World Fuel Services by 5.3% in the 3rd quarter. BlackRock Inc. now owns 8,244,346 shares of the oil and gas company’s stock valued at $228,204,000 after acquiring an additional 417,982 shares in the last quarter. FMR LLC lifted its position in World Fuel Services by 11.9% in the 3rd quarter. FMR LLC now owns 5,723,750 shares of the oil and gas company’s stock valued at $158,433,000 after acquiring an additional 610,452 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in World Fuel Services by 13.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 5,439,333 shares of the oil and gas company’s stock valued at $150,563,000 after acquiring an additional 638,600 shares in the last quarter. Prudential Financial Inc. lifted its position in World Fuel Services by 13.3% in the 3rd quarter. Prudential Financial Inc. now owns 1,547,879 shares of the oil and gas company’s stock valued at $42,845,000 after acquiring an additional 181,854 shares in the last quarter. Finally, River Road Asset Management LLC lifted its position in World Fuel Services by 15.2% in the 3rd quarter. River Road Asset Management LLC now owns 1,044,500 shares of the oil and gas company’s stock valued at $28,912,000 after acquiring an additional 137,448 shares in the last quarter. 92.88% of the stock is currently owned by institutional investors and hedge funds.
INT has been the topic of several analyst reports. Zacks Investment Research cut World Fuel Services from a “buy” rating to a “hold” rating in a research report on Thursday, September 27th. TheStreet raised World Fuel Services from a “d+” rating to a “c-” rating in a research report on Tuesday, September 25th. Finally, ValuEngine cut World Fuel Services from a “buy” rating to a “hold” rating in a report on Tuesday, November 13th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. World Fuel Services currently has an average rating of “Hold” and a consensus target price of $29.00.
NYSE INT opened at $23.74 on Wednesday. The firm has a market cap of $1.50 billion, a PE ratio of 12.76, a PEG ratio of 1.94 and a beta of 0.90. The company has a current ratio of 1.32, a quick ratio of 1.11 and a debt-to-equity ratio of 0.40. World Fuel Services Corp has a 1-year low of $19.78 and a 1-year high of $33.17.
World Fuel Services (NYSE:INT) last released its quarterly earnings results on Thursday, October 25th. The oil and gas company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.07. The firm had revenue of $10.43 billion for the quarter, compared to analysts’ expectations of $10.47 billion. World Fuel Services had a positive return on equity of 7.14% and a negative net margin of 0.25%. As a group, analysts forecast that World Fuel Services Corp will post 2.06 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, January 7th. Stockholders of record on Friday, December 14th were issued a dividend of $0.06 per share. The ex-dividend date was Thursday, December 13th. This represents a $0.24 annualized dividend and a dividend yield of 1.01%. World Fuel Services’s payout ratio is 12.90%.
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World Fuel Services 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 offers fuel management; price risk management; ground handling; dispatch; and international trip planning services, such as flight plans, weather reports, and overflight permits.
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