Schroder Investment Management Group cut its holdings in shares of World Fuel Services Corp (NYSE:INT) by 13.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 295,525 shares of the oil and gas company’s stock after selling 45,421 shares during the period. Schroder Investment Management Group’s holdings in World Fuel Services were worth $5,964,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Point72 Hong Kong Ltd acquired a new stake in World Fuel Services during the second quarter valued at approximately $110,000. Strs Ohio acquired a new stake in World Fuel Services during the second quarter valued at approximately $189,000. Hartford Investment Management Co. acquired a new stake in World Fuel Services during the second quarter valued at approximately $222,000. Northwestern Mutual Investment Management Company LLC lifted its stake in World Fuel Services by 56.3% during the first quarter. Northwestern Mutual Investment Management Company LLC now owns 13,841 shares of the oil and gas company’s stock valued at $340,000 after purchasing an additional 4,985 shares during the last quarter. Finally, NumerixS Investment Technologies Inc lifted its stake in World Fuel Services by 156.5% during the second quarter. NumerixS Investment Technologies Inc now owns 17,700 shares of the oil and gas company’s stock valued at $357,000 after purchasing an additional 10,800 shares during the last quarter. 94.77% of the stock is owned by institutional investors and hedge funds.

INT stock opened at $27.81 on Friday. World Fuel Services Corp has a 12 month low of $19.78 and a 12 month high of $36.28. The company has a market cap of $1.91 billion, a P/E ratio of 14.95, a price-to-earnings-growth ratio of 2.81 and a beta of 1.21. The company has a quick ratio of 1.17, a current ratio of 1.35 and a debt-to-equity ratio of 0.41.

World Fuel Services (NYSE:INT) last issued its quarterly earnings results on Thursday, July 26th. The oil and gas company reported $0.47 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.02. The business had revenue of $10.15 billion during the quarter, compared to the consensus estimate of $9.49 billion. World Fuel Services had a negative net margin of 0.47% and a positive return on equity of 6.90%. The firm’s quarterly revenue was up 25.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.50 EPS. Equities analysts predict that World Fuel Services Corp will post 2 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, October 12th. Investors of record on Friday, September 21st were given a $0.06 dividend. The ex-dividend date of this dividend was Thursday, September 20th. This represents a $0.24 annualized dividend and a dividend yield of 0.86%. World Fuel Services’s dividend payout ratio (DPR) is presently 12.90%.

INT has been the subject of several recent research reports. Bank of America cut their target price on shares of World Fuel Services from $25.00 to $24.00 and set an “underperform” rating for the company in a research note on Friday, July 27th. Zacks Investment Research lowered shares of World Fuel Services from a “buy” rating to a “hold” rating in a research note on Thursday, September 27th. TheStreet raised shares of World Fuel Services from a “d+” rating to a “c-” rating in a research note on Tuesday, September 25th. Finally, ValuEngine raised shares of World Fuel Services from a “sell” rating to a “hold” rating in a research note on Saturday, July 28th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. World Fuel Services presently has a consensus rating of “Hold” and an average price target of $31.67.

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

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