Strs Ohio Has $1.18 Million Position in World Fuel Services Corp (NYSE:INT)

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Strs Ohio reduced its holdings in shares of World Fuel Services Corp (NYSE:INT) by 9.1% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 32,800 shares of the oil and gas company’s stock after selling 3,300 shares during the period. Strs Ohio’s holdings in World Fuel Services were worth $1,179,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. SG Americas Securities LLC acquired a new position in World Fuel Services in the first quarter valued at about $209,000. Campbell & CO Investment Adviser LLC acquired a new position in World Fuel Services in the first quarter valued at about $216,000. Investors Research Corp acquired a new position in World Fuel Services in the first quarter valued at about $233,000. TD Asset Management Inc. acquired a new position in World Fuel Services in the first quarter valued at about $243,000. Finally, MERIAN GLOBAL INVESTORS UK Ltd acquired a new position in World Fuel Services in the first quarter valued at about $256,000. Institutional investors and hedge funds own 94.79% of the company’s stock.

Shares of INT stock opened at $37.94 on Wednesday. World Fuel Services Corp has a 1 year low of $19.81 and a 1 year high of $39.92. The business’s 50 day moving average is $36.70. The firm has a market capitalization of $2.42 billion, a price-to-earnings ratio of 17.98, a price-to-earnings-growth ratio of 3.22 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 (NYSE:INT) last announced its earnings results on Thursday, July 25th. The oil and gas company reported $0.58 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.04. World Fuel Services had a net margin of 0.38% and a return on equity of 8.76%. The company had revenue of $9.46 billion for the quarter, compared to analyst estimates of $9.77 billion. During the same period in the prior year, the business earned $0.47 earnings per share. World Fuel Services’s quarterly revenue was down 6.8% on a year-over-year basis. Equities research analysts anticipate that World Fuel Services Corp will post 2.34 earnings per share for the current year.

A number of brokerages have recently issued reports on INT. ValuEngine lowered shares of World Fuel Services from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Zacks Investment Research upgraded shares of World Fuel Services from a “hold” rating to a “strong-buy” rating and set a $42.00 target price on the stock in a research report on Wednesday, July 3rd. TheStreet upgraded shares of World Fuel Services from a “c+” rating to a “b-” rating in a research report on Tuesday, July 16th. Finally, Stifel Nicolaus upped their target price on shares of World Fuel Services from $40.00 to $43.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. One equities research analyst has rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $41.67.

In other news, EVP Robert Alexander Lake sold 1,500 shares of the company’s stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $32.91, for a total transaction of $49,365.00. Following the transaction, the executive vice president now directly owns 59,122 shares in the company, valued at $1,945,705.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 9,000 shares of company stock worth $332,415 over the last quarter. 2.40% of the stock is owned by company insiders.

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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