28,797 Shares in World Fuel Services Corporation (INT) Purchased by OxFORD Asset Management LLP

OxFORD Asset Management LLP bought a new position in shares of World Fuel Services Corporation (NYSE:INT) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 28,797 shares of the oil and gas company’s stock, valued at approximately $1,107,000.

Several other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. boosted its holdings in shares of World Fuel Services Corporation by 5,327.4% during the first quarter. BlackRock Inc. now owns 5,998,492 shares of the oil and gas company’s stock worth $217,445,000 after purchasing an additional 5,887,970 shares during the period. Vanguard Group Inc. boosted its holdings in shares of World Fuel Services Corporation by 1.0% during the first quarter. Vanguard Group Inc. now owns 5,809,270 shares of the oil and gas company’s stock worth $210,586,000 after purchasing an additional 57,993 shares during the period. Artisan Partners Limited Partnership boosted its holdings in shares of World Fuel Services Corporation by 13.2% during the second quarter. Artisan Partners Limited Partnership now owns 3,052,815 shares of the oil and gas company’s stock worth $117,381,000 after purchasing an additional 355,049 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of World Fuel Services Corporation by 49.7% during the second quarter. Dimensional Fund Advisors LP now owns 2,589,087 shares of the oil and gas company’s stock worth $99,550,000 after purchasing an additional 859,392 shares during the period. Finally, State Street Corp boosted its holdings in shares of World Fuel Services Corporation by 5.3% during the first quarter. State Street Corp now owns 2,512,356 shares of the oil and gas company’s stock worth $91,080,000 after purchasing an additional 125,600 shares during the period. Institutional investors own 89.66% of the company’s stock.

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In related news, SVP Carlos M. Velazquez sold 6,850 shares of World Fuel Services Corporation stock in a transaction dated Friday, August 11th. The shares were sold at an average price of $33.74, for a total transaction of $231,119.00. Following the completion of the transaction, the senior vice president now directly owns 16,946 shares of the company’s stock, valued at approximately $571,758.04. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Robert Alexander Lake sold 1,500 shares of World Fuel Services Corporation stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $35.00, for a total transaction of $52,500.00. Following the transaction, the executive vice president now directly owns 42,302 shares of the company’s stock, valued at $1,480,570. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by insiders.

A number of research firms have recently weighed in on INT. BidaskClub lowered shares of World Fuel Services Corporation from a “hold” rating to a “sell” rating in a report on Thursday, August 3rd. Bank of America Corporation lowered shares of World Fuel Services Corporation from a “neutral” rating to an “underperform” rating and dropped their target price for the stock from $41.00 to $36.00 in a report on Tuesday, September 26th. Finally, Zacks Investment Research lowered shares of World Fuel Services Corporation from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $42.00.

Shares of World Fuel Services Corporation (NYSE INT) opened at 35.60 on Friday. The stock has a market capitalization of $2.44 billion, a price-to-earnings ratio of 23.31 and a beta of 0.95. World Fuel Services Corporation has a 12-month low of $32.28 and a 12-month high of $47.49. The stock’s 50 day moving average is $35.21 and its 200-day moving average is $36.09.

World Fuel Services Corporation (NYSE:INT) last released its quarterly earnings results on Thursday, July 27th. The oil and gas company reported $0.50 EPS for the quarter, missing analysts’ consensus estimates 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 period in the prior year, the firm posted $0.63 earnings per share. World Fuel Services Corporation’s revenue for the quarter was up 21.9% on a year-over-year basis. On average, analysts expect that World Fuel Services Corporation will post $2.26 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, November 6th. Investors of record on Monday, October 16th will be paid a dividend of $0.06 per share. The ex-dividend date is Friday, October 13th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.67%. World Fuel Services Corporation’s dividend payout ratio is presently 15.69%.

World Fuel Services Corporation announced that its board has initiated a stock repurchase plan on Wednesday, October 4th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the oil and gas company to repurchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

World Fuel Services Corporation 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.

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

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