Brandes Investment Partners LP cut its stake in shares of World Fuel Services Corp (NYSE:INT) by 5.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,331,014 shares of the oil and gas company’s stock after selling 82,671 shares during the period. Brandes Investment Partners LP owned about 1.98% of World Fuel Services worth $36,842,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in INT. Commonwealth Bank of Australia raised its position in shares of World Fuel Services by 143.4% during the 3rd quarter. Commonwealth Bank of Australia now owns 155,638 shares of the oil and gas company’s stock valued at $4,304,000 after buying an additional 91,700 shares in the last quarter. Prudential Financial Inc. raised its position in shares of World Fuel Services by 13.3% during 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 buying an additional 181,854 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of World Fuel Services by 13.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 133,626 shares of the oil and gas company’s stock valued at $3,699,000 after buying an additional 15,946 shares in the last quarter. SG Americas Securities LLC raised its position in shares of World Fuel Services by 992.2% during the 3rd quarter. SG Americas Securities LLC now owns 130,010 shares of the oil and gas company’s stock valued at $3,599,000 after buying an additional 118,107 shares in the last quarter. Finally, LSV Asset Management raised its position in shares of World Fuel Services by 11.3% during the 3rd quarter. LSV Asset Management now owns 972,310 shares of the oil and gas company’s stock valued at $26,913,000 after buying an additional 99,000 shares in the last quarter. Institutional investors and hedge funds own 96.29% of the company’s stock.

World Fuel Services stock opened at $27.37 on Tuesday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.11 and a current ratio of 1.32. World Fuel Services Corp has a 1-year low of $19.78 and a 1-year high of $33.17. The stock has a market capitalization of $1.87 billion, a P/E ratio of 14.84, a PEG ratio of 2.69 and a beta of 0.83.

World Fuel Services (NYSE:INT) last posted its quarterly earnings data on Thursday, October 25th. The oil and gas company reported $0.63 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.07. World Fuel Services had a negative net margin of 0.25% and a positive return on equity of 7.14%. The company had revenue of $10.43 billion for the quarter, compared to analyst estimates of $10.47 billion. Sell-side analysts expect that World Fuel Services Corp will post 2.06 EPS for the current fiscal year.

A number of research firms recently weighed in on INT. ValuEngine raised shares of World Fuel Services from a “sell” rating to a “hold” rating in a research report on Saturday, July 28th. TheStreet raised shares of World Fuel Services from a “d+” rating to a “c-” rating in a research report on Tuesday, September 25th. Zacks Investment Research raised shares of World Fuel Services from a “hold” rating to a “buy” rating and set a $31.00 price objective on the stock in a research report on Wednesday, August 1st. Finally, Bank of America reduced their price objective on shares of World Fuel Services from $25.00 to $24.00 and set an “underperform” rating on the stock in a research report on Friday, July 27th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $32.00.

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About World Fuel Services

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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