Nomura Asset Management Co. Ltd. Increases Stake in World Fuel Services Corporation (INT)

Nomura Asset Management Co. Ltd. increased its stake in World Fuel Services Corporation (NYSE:INT) by 17.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,640 shares of the oil and gas company’s stock after buying an additional 530 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in World Fuel Services Corporation were worth $132,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in the company. Victory Capital Management Inc. bought a new stake in World Fuel Services Corporation during the first quarter valued at $117,000. Weaver C. Barksdale & Associates Inc. raised its stake in World Fuel Services Corporation by 18.1% in the first quarter. Weaver C. Barksdale & Associates Inc. now owns 3,827 shares of the oil and gas company’s stock valued at $139,000 after buying an additional 586 shares in the last quarter. US Bancorp DE raised its stake in World Fuel Services Corporation by 38.8% in the first 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 in the last quarter. Salem Investment Counselors Inc. bought a new stake in World Fuel Services Corporation during the first quarter valued at $180,000. Finally, World Asset Management Inc raised its stake in World Fuel Services Corporation by 0.4% in the first quarter. World Asset Management Inc now owns 6,793 shares of the oil and gas company’s stock valued at $246,000 after buying an additional 25 shares in the last quarter. 91.50% of the stock is owned by institutional investors and hedge funds.

Shares of World Fuel Services Corporation (NYSE INT) opened at 38.96 on Friday. The stock’s 50 day moving average price is $37.17 and its 200 day moving average price is $38.60. The company has a market capitalization of $2.69 billion, a price-to-earnings ratio of 25.67 and a beta of 0.97. World Fuel Services Corporation has a 1-year low of $34.64 and a 1-year high of $48.27.

World Fuel Services Corporation (NYSE:INT) last released its earnings results on Thursday, April 27th. The oil and gas company reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by $0.07. World Fuel Services Corporation had a return on equity of 5.41% and a net margin of 0.35%. The business had revenue of $8.19 billion for the quarter, compared to analyst estimates of $7.83 billion. During the same period in the prior year, the firm posted $0.77 EPS. World Fuel Services Corporation’s revenue was up 57.9% on a year-over-year basis. Analysts expect that World Fuel Services Corporation will post $2.60 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, July 7th. Shareholders of record on Friday, June 9th were issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date of this dividend was Wednesday, June 7th. World Fuel Services Corporation’s dividend payout ratio is presently 15.79%.

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Several equities research analysts have recently weighed in on INT shares. BidaskClub raised World Fuel Services Corporation from a “hold” rating to a “buy” rating in a research note on Sunday, July 16th. TheStreet lowered World Fuel Services Corporation from a “b” rating to a “c” rating in a research note on Friday, May 5th. Finally, Zacks Investment Research raised World Fuel Services Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, June 6th.

In other news, Director Ken Bakshi sold 3,049 shares of the business’s stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $38.05, for a total value of $116,014.45. Following the completion of the transaction, the director now owns 35,726 shares of the company’s stock, valued at approximately $1,359,374.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Robert Alexander Lake sold 1,500 shares of the business’s stock in a transaction on Wednesday, May 10th. The shares were sold at an average price of $37.83, for a total transaction of $56,745.00. Following the completion of the transaction, the executive vice president now directly owns 48,137 shares of the company’s stock, valued at approximately $1,821,022.71. The disclosure for this sale can be found here. Insiders have sold a total of 21,335 shares of company stock valued at $788,467 in the last ninety days. Company insiders own 2.30% of the company’s stock.

About World Fuel Services Corporation

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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