Nomura Asset Management Co. Ltd. raised its stake in shares of World Fuel Services Corporation (NYSE:INT) by 17.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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 SEC filing.
Other large investors have also modified their holdings of the company. Canada Pension Plan Investment Board purchased a new stake in World Fuel Services Corporation during the first quarter worth $2,646,000. Oregon Public Employees Retirement Fund boosted its position in World Fuel Services Corporation by 1.2% in the first quarter. Oregon Public Employees Retirement Fund now owns 24,895 shares of the oil and gas company’s stock worth $902,000 after buying an additional 300 shares during the period. River Road Asset Management LLC purchased a new position in World Fuel Services Corporation during the first quarter worth about $13,331,000. Nationwide Fund Advisors boosted its position in World Fuel Services Corporation by 0.5% in the first quarter. Nationwide Fund Advisors now owns 136,321 shares of the oil and gas company’s stock worth $4,942,000 after buying an additional 656 shares during the period. Finally, Louisiana State Employees Retirement System boosted its position in World Fuel Services Corporation by 1.7% in the first quarter. Louisiana State Employees Retirement System now owns 17,700 shares of the oil and gas company’s stock valued at $642,000 after buying an additional 300 shares during the period. 90.64% of the stock is currently owned by institutional investors.
Shares of World Fuel Services Corporation (NYSE:INT) traded up 0.53% during trading on Tuesday, hitting $32.51. 334,934 shares of the stock traded hands. The firm has a market capitalization of $2.23 billion, a price-to-earnings ratio of 21.29 and a beta of 0.97. World Fuel Services Corporation has a 1-year low of $32.28 and a 1-year high of $47.65. The firm has a 50-day moving average of $37.57 and a 200-day moving average of $38.14.
World Fuel Services Corporation (NYSE:INT) last announced its quarterly earnings data on Thursday, July 27th. The oil and gas company reported $0.50 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by $0.06. World Fuel Services Corporation had a return on equity of 5.60% and a net margin of 0.34%. The firm had revenue of $8.09 billion for the quarter, compared to analysts’ expectations of $8.41 billion. During the same quarter in the prior year, the business posted $0.63 earnings per share. World Fuel Services Corporation’s revenue was up 21.9% on a year-over-year basis. On average, equities analysts forecast that World Fuel Services Corporation will post $2.51 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, July 7th. Investors of record on Friday, June 9th were issued a dividend of $0.06 per share. The ex-dividend date was Wednesday, June 7th. This represents a $0.24 annualized dividend and a dividend yield of 0.74%. World Fuel Services Corporation’s dividend payout ratio is 15.69%.
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Several research analysts recently weighed in on the stock. BidaskClub cut shares of World Fuel Services Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. TheStreet lowered shares of World Fuel Services Corporation from a “b” rating to a “c” rating in a report on Friday, May 5th. Finally, Zacks Investment Research lowered shares of World Fuel Services Corporation from a “hold” rating to a “sell” rating in a report on Monday, May 1st.
In related news, SVP Carlos M. Velazquez sold 1,286 shares of the stock in a transaction on Friday, May 12th. The stock was sold at an average price of $37.65, for a total transaction of $48,417.90. Following the completion of the sale, the senior vice president now directly owns 20,432 shares in the company, valued at $769,264.80. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Ken Bakshi sold 3,049 shares of the stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $38.05, for a total value of $116,014.45. Following the sale, the director now owns 35,726 shares of the company’s stock, valued at $1,359,374.30. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 21,335 shares of company stock valued at $788,467. 2.30% of the stock is owned by corporate insiders.
World Fuel Services Corporation Company Profile
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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