World Fuel Services Corp (INT) Stake Lessened by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lowered its position in shares of World Fuel Services Corp (NYSE:INT) by 6.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 87,720 shares of the oil and gas company’s stock after selling 6,550 shares during the quarter. Nisa Investment Advisors LLC’s holdings in World Fuel Services were worth $2,468,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Weaver C. Barksdale & Associates Inc. raised its holdings in shares of World Fuel Services by 43.6% during the fourth quarter. Weaver C. Barksdale & Associates Inc. now owns 6,479 shares of the oil and gas company’s stock valued at $182,000 after acquiring an additional 1,966 shares during the period. First Citizens Bank & Trust Co. acquired a new stake in shares of World Fuel Services during the fourth quarter valued at approximately $210,000. Public Employees Retirement System of Ohio raised its holdings in shares of World Fuel Services by 153.1% during the third quarter. Public Employees Retirement System of Ohio now owns 76,552 shares of the oil and gas company’s stock valued at $2,596,000 after acquiring an additional 46,306 shares during the period. Salem Investment Counselors Inc. acquired a new stake in shares of World Fuel Services during the third quarter valued at approximately $170,000. Finally, California Public Employees Retirement System raised its holdings in shares of World Fuel Services by 8.3% during the third quarter. California Public Employees Retirement System now owns 152,815 shares of the oil and gas company’s stock valued at $5,182,000 after acquiring an additional 11,715 shares during the period. Institutional investors and hedge funds own 88.93% of the company’s stock.

World Fuel Services Corp (NYSE:INT) opened at $28.11 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.63 and a quick ratio of 1.42. The firm has a market cap of $1,912.94, a P/E ratio of 80.32, a price-to-earnings-growth ratio of 2.15 and a beta of 0.93. World Fuel Services Corp has a 12 month low of $25.80 and a 12 month high of $46.37.

World Fuel Services (NYSE:INT) last announced its quarterly earnings results on Thursday, October 26th. The oil and gas company reported $0.60 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.60. The business had revenue of $8.54 billion for the quarter, compared to analysts’ expectations of $8.19 billion. World Fuel Services had a return on equity of 5.54% and a net margin of 0.08%. The business’s quarterly revenue was up 15.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.82 EPS. equities research analysts expect that World Fuel Services Corp will post 2.21 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, January 5th. Shareholders of record on Friday, December 15th were paid a $0.06 dividend. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $0.24 dividend on an annualized basis and a yield of 0.85%. World Fuel Services’s dividend payout ratio (DPR) is currently 68.57%.

World Fuel Services declared that its Board of Directors has approved a share buyback program on Wednesday, October 4th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the oil and gas company to purchase shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.

A number of equities research analysts have recently issued reports on the stock. Bank of America lowered shares of World Fuel Services from a “neutral” rating to an “underperform” rating and cut their price target for the company from $41.00 to $36.00 in a report on Tuesday, September 26th. Zacks Investment Research upgraded shares of World Fuel Services from a “sell” rating to a “hold” rating in a report on Tuesday, December 26th. Finally, ValuEngine lowered shares of World Fuel Services from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. One investment analyst has rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $36.00.

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About World Fuel Services

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

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