Wells Fargo & Company MN decreased its holdings in shares of World Fuel Services Corp (NYSE:INT) by 5.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 250,476 shares of the oil and gas company’s stock after selling 14,943 shares during the period. Wells Fargo & Company MN owned approximately 0.38% of World Fuel Services worth $9,007,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Financial Gravity Wealth Inc. grew its holdings in shares of World Fuel Services by 269.0% in the 2nd quarter. Financial Gravity Wealth Inc. now owns 1,871 shares of the oil and gas company’s stock worth $67,000 after acquiring an additional 1,364 shares during the period. Parkside Financial Bank & Trust grew its holdings in shares of World Fuel Services by 26.0% in the 2nd quarter. Parkside Financial Bank & Trust now owns 2,723 shares of the oil and gas company’s stock worth $98,000 after acquiring an additional 562 shares during the period. Envestnet Asset Management Inc. acquired a new stake in shares of World Fuel Services in the 2nd quarter worth approximately $218,000. ARP Americas LP acquired a new stake in shares of World Fuel Services in the 2nd quarter worth approximately $238,000. Finally, SG Americas Securities LLC acquired a new stake in shares of World Fuel Services in the 1st quarter worth approximately $209,000. Institutional investors own 94.19% of the company’s stock.

In other World Fuel Services news, EVP Robert Alexander Lake sold 3,000 shares of the stock in a transaction on Friday, June 28th. The stock was sold at an average price of $35.91, for a total transaction of $107,730.00. Following the transaction, the executive vice president now owns 54,622 shares of the company’s stock, valued at approximately $1,961,476.02. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Paul H. Stebbins sold 10,000 shares of the stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $38.05, for a total value of $380,500.00. Following the transaction, the director now directly owns 23,692 shares in the company, valued at approximately $901,480.60. The disclosure for this sale can be found here. In the last quarter, insiders have sold 22,500 shares of company stock worth $853,150. 2.40% of the stock is owned by insiders.

A number of equities research analysts recently weighed in on INT shares. ValuEngine cut World Fuel Services from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Zacks Investment Research upgraded World Fuel Services from a “hold” rating to a “strong-buy” rating and set a $42.00 price target on the stock in a report on Wednesday, July 3rd. TheStreet upgraded World Fuel Services from a “c+” rating to a “b-” rating in a report on Tuesday, July 16th. Finally, Stifel Nicolaus upped their price target on World Fuel Services from $43.00 to $46.00 and gave the stock a “buy” rating in a report on Friday, August 23rd. One analyst has rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $42.67.

NYSE:INT traded down $0.60 during trading hours on Friday, reaching $40.02. 69,361 shares of the company traded hands, compared to its average volume of 385,951. The firm’s 50-day moving average is $38.27 and its 200-day moving average is $33.19. The stock has a market cap of $2.64 billion, a P/E ratio of 18.97, a P/E/G ratio of 3.39 and a beta of 1.17. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.35 and a quick ratio of 1.16. World Fuel Services Corp has a 1-year low of $19.81 and a 1-year high of $41.34.

World Fuel Services (NYSE:INT) last announced its earnings results on Thursday, July 25th. The oil and gas company reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.04. The firm had revenue of $9.46 billion for the quarter, compared to analysts’ expectations of $9.77 billion. World Fuel Services had a return on equity of 8.76% and a net margin of 0.38%. World Fuel Services’s quarterly revenue was down 6.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.47 EPS. As a group, research analysts predict that World Fuel Services Corp will post 2.38 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, October 11th. Shareholders of record on Wednesday, September 25th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date of this dividend is Tuesday, September 24th. World Fuel Services’s dividend payout ratio (DPR) is presently 18.96%.

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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