Envestnet Asset Management Inc. Has $1.21 Million Stake in World Fuel Services Co. (NYSE:INT)

Envestnet Asset Management Inc. trimmed its holdings in shares of World Fuel Services Co. (NYSE:INTGet Rating) by 6.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 59,034 shares of the oil and gas company’s stock after selling 3,812 shares during the quarter. Envestnet Asset Management Inc.’s holdings in World Fuel Services were worth $1,208,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of INT. Kovitz Investment Group Partners LLC grew its position in World Fuel Services by 2.3% during the second quarter. Kovitz Investment Group Partners LLC now owns 76,321 shares of the oil and gas company’s stock worth $1,562,000 after buying an additional 1,724 shares in the last quarter. Aigen Investment Management LP acquired a new stake in World Fuel Services during the second quarter worth about $314,000. Victory Capital Management Inc. grew its position in World Fuel Services by 1.2% during the second quarter. Victory Capital Management Inc. now owns 375,325 shares of the oil and gas company’s stock worth $7,679,000 after buying an additional 4,269 shares in the last quarter. HGK Asset Management Inc. grew its position in World Fuel Services by 7.7% during the second quarter. HGK Asset Management Inc. now owns 28,928 shares of the oil and gas company’s stock worth $592,000 after buying an additional 2,056 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its position in World Fuel Services by 3.4% during the second quarter. Russell Investments Group Ltd. now owns 71,265 shares of the oil and gas company’s stock worth $1,458,000 after buying an additional 2,375 shares in the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

World Fuel Services Stock Up 1.5 %

Shares of INT opened at $28.40 on Wednesday. The stock has a market cap of $1.76 billion, a price-to-earnings ratio of 16.42, a P/E/G ratio of 2.83 and a beta of 1.29. The company has a quick ratio of 0.95, a current ratio of 1.11 and a debt-to-equity ratio of 0.36. World Fuel Services Co. has a 12 month low of $19.29 and a 12 month high of $29.28. The company has a 50-day moving average price of $26.00 and a two-hundred day moving average price of $24.89.

World Fuel Services Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 7th. Stockholders of record on Friday, September 23rd were paid a $0.14 dividend. The ex-dividend date was Thursday, September 22nd. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.97%. This is a boost from World Fuel Services’s previous quarterly dividend of $0.12. World Fuel Services’s payout ratio is 32.37%.

Analysts Set New Price Targets

INT has been the subject of a number of analyst reports. StockNews.com upgraded shares of World Fuel Services from a “hold” rating to a “buy” rating in a research note on Wednesday, November 9th. TheStreet upgraded shares of World Fuel Services from a “c+” rating to a “b-” rating in a research note on Wednesday, November 9th.

World Fuel Services 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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