James Investment Research Inc. reduced its position in shares of World Fuel Services Corp (NYSE:INT) by 51.0% in the 1st quarter, Holdings Channel reports. The firm owned 23,640 shares of the oil and gas company’s stock after selling 24,610 shares during the quarter. James Investment Research Inc.’s holdings in World Fuel Services were worth $683,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in INT. PNC Financial Services Group Inc. lifted its holdings in World Fuel Services by 67.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,170 shares of the oil and gas company’s stock worth $25,000 after purchasing an additional 470 shares during the last quarter. Oregon Public Employees Retirement Fund increased its stake in World Fuel Services by 2,041.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 578,070 shares of the oil and gas company’s stock worth $27,000 after acquiring an additional 551,070 shares during the period. Eukles Asset Management bought a new position in World Fuel Services during the 4th quarter worth $100,000. NumerixS Investment Technologies Inc bought a new position in World Fuel Services during the 4th quarter worth $125,000. Finally, Quantamental Technologies LLC bought a new position in World Fuel Services during the 4th quarter worth $191,000. 92.71% of the stock is owned by institutional investors and hedge funds.

World Fuel Services stock opened at $30.03 on Friday. World Fuel Services Corp has a one year low of $19.78 and a one year high of $33.17. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.15 and a current ratio of 1.36. The firm has a market cap of $2.07 billion, a price-to-earnings ratio of 14.23, a P/E/G ratio of 2.64 and a beta of 1.09.

World Fuel Services (NYSE:INT) last posted its quarterly earnings data on Thursday, April 25th. The oil and gas company reported $0.66 EPS for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.17. World Fuel Services had a return on equity of 8.41% and a net margin of 0.35%. The firm had revenue of $8.68 billion for the quarter, compared to analyst estimates of $9.98 billion. During the same quarter last year, the company earned $0.52 EPS. The company’s revenue was down 5.5% on a year-over-year basis. Equities research analysts expect that World Fuel Services Corp will post 2.33 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 22nd were paid a dividend of $0.06 per share. The ex-dividend date of this dividend was Thursday, March 21st. This represents a $0.24 dividend on an annualized basis and a yield of 0.80%. World Fuel Services’s dividend payout ratio (DPR) is presently 11.37%.

A number of equities analysts have commented on the company. Zacks Investment Research upgraded World Fuel Services from a “hold” rating to a “buy” rating and set a $34.00 price objective on the stock in a research note on Wednesday. ValuEngine upgraded World Fuel Services from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. Finally, Seaport Global Securities restated a “neutral” rating on shares of World Fuel Services in a research note on Friday, February 22nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $32.67.

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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 supplies fuel, and related products and services to commercial airlines, second and third tier airlines, cargo carriers, regional and low-cost carriers, airports, fixed based operators, corporate fleets, fractional operators, private aircraft, military fleets, the U.S.

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

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