Stone Ridge Asset Management LLC bought a new position in shares of World Fuel Services Corp (NYSE:INT) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 55,044 shares of the oil and gas company’s stock, valued at approximately $1,549,000.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. Cornercap Investment Counsel Inc. raised its position in World Fuel Services by 14.5% during the fourth quarter. Cornercap Investment Counsel Inc. now owns 45,890 shares of the oil and gas company’s stock worth $1,291,000 after acquiring an additional 5,825 shares during the last quarter. Guggenheim Capital LLC raised its position in World Fuel Services by 98.2% during the fourth quarter. Guggenheim Capital LLC now owns 170,451 shares of the oil and gas company’s stock worth $4,796,000 after acquiring an additional 84,432 shares during the last quarter. Jefferies Group LLC raised its position in World Fuel Services by 29.0% during the fourth quarter. Jefferies Group LLC now owns 20,380 shares of the oil and gas company’s stock worth $573,000 after acquiring an additional 4,587 shares during the last quarter. Caxton Associates LP acquired a new position in World Fuel Services during the fourth quarter worth about $365,000. Finally, Amundi Pioneer Asset Management Inc. acquired a new position in World Fuel Services during the fourth quarter worth about $155,000. Institutional investors own 89.50% of the company’s stock.
World Fuel Services Corp (NYSE:INT) opened at $23.87 on Thursday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.45 and a quick ratio of 1.26. The firm has a market cap of $1,597.08, a P/E ratio of 13.12, a PEG ratio of 2.04 and a beta of 1.01. World Fuel Services Corp has a 52-week low of $20.64 and a 52-week high of $40.16.
World Fuel Services (NYSE:INT) last posted its quarterly earnings data on Thursday, February 22nd. The oil and gas company reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.36). The firm had revenue of $8.87 billion during the quarter, compared to analyst estimates of $8.72 billion. World Fuel Services had a negative net margin of 0.51% and a positive return on equity of 6.45%. The business’s quarterly revenue was up 13.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.36 EPS. analysts forecast that World Fuel Services Corp will post 2.31 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 6th. Stockholders of record on Friday, March 16th will be given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date of this dividend is Thursday, March 15th. World Fuel Services’s dividend payout ratio is presently -9.45%.
INT has been the subject of a number of research reports. ValuEngine cut shares of World Fuel Services from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Zacks Investment Research raised shares of World Fuel Services from a “sell” rating to a “hold” rating in a research report on Tuesday, December 26th. Seaport Global Securities began coverage on shares of World Fuel Services in a research report on Friday, February 9th. They issued a “neutral” rating for the company. TheStreet lowered shares of World Fuel Services from a “c-” rating to a “d+” rating in a research report on Friday, February 23rd. Finally, Stifel Nicolaus cut their price objective on shares of World Fuel Services from $46.00 to $40.00 and set a “buy” rating for the company in a research report on Friday, February 23rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $38.00.
About World Fuel Services
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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