Thrivent Financial For Lutherans boosted its stake in shares of World Fuel Services Corporation (NYSE:INT) by 6.2% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 13,950 shares of the oil and gas company’s stock after buying an additional 810 shares during the period. Thrivent Financial For Lutherans’ holdings in World Fuel Services Corporation were worth $536,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in INT. US Bancorp DE raised its holdings in World Fuel Services Corporation by 38.8% during the 1st quarter. US Bancorp DE now owns 4,448 shares of the oil and gas company’s stock valued at $161,000 after buying an additional 1,243 shares during the period. Sei Investments Co. raised its holdings in World Fuel Services Corporation by 36.6% during the 1st quarter. Sei Investments Co. now owns 10,678 shares of the oil and gas company’s stock valued at $387,000 after buying an additional 2,862 shares during the period. JPMorgan Chase & Co. raised its holdings in World Fuel Services Corporation by 3.3% during the 1st quarter. JPMorgan Chase & Co. now owns 448,030 shares of the oil and gas company’s stock valued at $16,242,000 after buying an additional 14,303 shares during the period. Victory Capital Management Inc. purchased a new stake in World Fuel Services Corporation during the 1st quarter valued at $117,000. Finally, Credit Agricole S A raised its holdings in World Fuel Services Corporation by 199.4% during the 1st quarter. Credit Agricole S A now owns 9,164 shares of the oil and gas company’s stock valued at $332,000 after buying an additional 6,103 shares during the period. Institutional investors own 89.66% of the company’s stock.

Several analysts recently weighed in on the company. BidaskClub upgraded World Fuel Services Corporation from a “sell” rating to a “hold” rating in a report on Thursday, August 10th. Zacks Investment Research lowered World Fuel Services Corporation from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Finally, Bank of America Corporation lowered World Fuel Services Corporation from a “neutral” rating to an “underperform” rating and decreased their price target for the company from $41.00 to $36.00 in a report on Tuesday, September 26th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a buy rating to the stock. World Fuel Services Corporation presently has a consensus rating of “Hold” and a consensus price target of $42.00.

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In related news, SVP Carlos M. Velazquez sold 6,850 shares of World Fuel Services Corporation stock in a transaction that occurred on Friday, August 11th. The stock was sold at an average price of $33.74, for a total transaction of $231,119.00. Following the transaction, the senior vice president now owns 16,946 shares in the company, valued at $571,758.04. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Robert Alexander Lake sold 1,500 shares of World Fuel Services Corporation stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $35.00, for a total value of $52,500.00. Following the transaction, the executive vice president now owns 42,302 shares in the company, valued at approximately $1,480,570. The disclosure for this sale can be found here. Company insiders own 2.30% of the company’s stock.

Shares of World Fuel Services Corporation (NYSE:INT) opened at 35.67 on Monday. The stock has a market cap of $2.44 billion, a price-to-earnings ratio of 23.36 and a beta of 0.95. The company’s 50-day moving average price is $35.29 and its 200 day moving average price is $36.09. World Fuel Services Corporation has a 12-month low of $32.28 and a 12-month high of $47.49.

World Fuel Services Corporation (NYSE:INT) last announced its quarterly earnings data on Thursday, July 27th. The oil and gas company reported $0.50 EPS for the quarter, missing the Zacks’ consensus estimate of $0.56 by ($0.06). World Fuel Services Corporation had a return on equity of 5.60% and a net margin of 0.34%. The company had revenue of $8.09 billion for the quarter, compared to analysts’ expectations of $8.41 billion. During the same quarter in the previous year, the business posted $0.63 EPS. The business’s quarterly revenue was up 21.9% compared to the same quarter last year. On average, equities analysts predict that World Fuel Services Corporation will post $2.26 earnings per share for the current year.

World Fuel Services Corporation declared that its Board of Directors has approved a share buyback program on Wednesday, October 4th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the oil and gas company to reacquire shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board believes its stock is undervalued.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 6th. Investors of record on Monday, October 16th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, October 13th. This represents a $0.24 dividend on an annualized basis and a yield of 0.67%. World Fuel Services Corporation’s payout ratio is 15.69%.

World Fuel Services Corporation Company Profile

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

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