Texas Permanent School Fund Acquires 779 Shares of World Fuel Services Co. (NYSE:INT)

Texas Permanent School Fund lifted its position in World Fuel Services Co. (NYSE:INTGet Rating) by 1.7% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 45,564 shares of the oil and gas company’s stock after purchasing an additional 779 shares during the period. Texas Permanent School Fund’s holdings in World Fuel Services were worth $932,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. BlackRock Inc. lifted its position in World Fuel Services by 1.4% during the first quarter. BlackRock Inc. now owns 10,726,736 shares of the oil and gas company’s stock valued at $290,052,000 after purchasing an additional 146,156 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of World Fuel Services by 3.6% in the first quarter. Vanguard Group Inc. now owns 6,986,709 shares of the oil and gas company’s stock valued at $188,921,000 after acquiring an additional 243,764 shares in the last quarter. State Street Corp increased its holdings in shares of World Fuel Services by 15.4% in the first quarter. State Street Corp now owns 3,450,260 shares of the oil and gas company’s stock worth $93,696,000 after purchasing an additional 459,299 shares during the last quarter. River Road Asset Management LLC increased its holdings in shares of World Fuel Services by 0.8% in the first quarter. River Road Asset Management LLC now owns 2,447,414 shares of the oil and gas company’s stock worth $66,178,000 after purchasing an additional 18,711 shares during the last quarter. Finally, Boston Partners increased its holdings in shares of World Fuel Services by 1.6% in the first quarter. Boston Partners now owns 1,998,568 shares of the oil and gas company’s stock worth $53,680,000 after purchasing an additional 32,038 shares during the last quarter. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

World Fuel Services Trading Up 0.6 %

Shares of NYSE INT opened at $28.05 on Friday. The business’s 50 day moving average is $25.87 and its two-hundred day moving average is $24.81. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.11 and a quick ratio of 0.95. World Fuel Services Co. has a 1-year low of $19.29 and a 1-year high of $29.28. The stock has a market capitalization of $1.74 billion, a P/E ratio of 16.21, a PEG ratio of 2.82 and a beta of 1.29.

World Fuel Services Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 7th. Shareholders of record on Friday, September 23rd were paid a dividend of $0.14 per share. This is a boost from World Fuel Services’s previous quarterly dividend of $0.12. This represents a $0.56 annualized dividend and a yield of 2.00%. The ex-dividend date was Thursday, September 22nd. World Fuel Services’s payout ratio is presently 32.37%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. StockNews.com raised World Fuel Services from a “hold” rating to a “buy” rating in a report on Wednesday, November 9th. TheStreet raised World Fuel Services from a “c+” rating to a “b-” rating in a report on Wednesday, November 9th.

World Fuel Services Company Profile

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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, the U.S., foreign governments, intergovernmental organizations, and military customers.

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

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