State of Alaska Department of Revenue trimmed its stake in World Fuel Services Co. (NYSE:INT – Get Rating) by 9.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 42,885 shares of the oil and gas company’s stock after selling 4,732 shares during the quarter. State of Alaska Department of Revenue’s holdings in World Fuel Services were worth $1,005,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of the stock. SummerHaven Investment Management LLC grew its holdings in World Fuel Services by 24.8% in the third quarter. SummerHaven Investment Management LLC now owns 35,984 shares of the oil and gas company’s stock worth $843,000 after purchasing an additional 7,142 shares during the period. Louisiana State Employees Retirement System acquired a new stake in World Fuel Services in the third quarter worth $694,000. Bernzott Capital Advisors grew its holdings in World Fuel Services by 26.1% in the third quarter. Bernzott Capital Advisors now owns 1,094,707 shares of the oil and gas company’s stock worth $25,660,000 after purchasing an additional 226,277 shares during the period. Diversified Trust Co acquired a new stake in World Fuel Services in the third quarter worth $208,000. Finally, Mackenzie Financial Corp grew its holdings in World Fuel Services by 16.9% in the third quarter. Mackenzie Financial Corp now owns 12,137 shares of the oil and gas company’s stock worth $284,000 after purchasing an additional 1,759 shares during the period. 90.79% of the stock is currently owned by institutional investors and hedge funds.
World Fuel Services Stock Up 0.5 %
World Fuel Services stock opened at $27.28 on Friday. The company has a current ratio of 1.11, a quick ratio of 0.95 and a debt-to-equity ratio of 0.36. The firm’s fifty day moving average price is $27.32 and its two-hundred day moving average price is $25.61. World Fuel Services Co. has a 1-year low of $19.29 and a 1-year high of $29.28. The firm has a market capitalization of $1.69 billion, a price-to-earnings ratio of 15.77, a price-to-earnings-growth ratio of 2.27 and a beta of 1.29.
World Fuel Services Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, January 6th. Investors of record on Friday, December 23rd were given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date was Thursday, December 22nd. World Fuel Services’s payout ratio is currently 32.37%.
Wall Street Analyst Weigh In
A number of research firms have weighed in on INT. TheStreet raised shares of World Fuel Services from a “c+” rating to a “b-” rating in a research note on Wednesday, November 9th. StockNews.com raised shares of World Fuel Services from a “hold” rating to a “buy” rating in a research note on Wednesday, November 9th.
World Fuel Services Company 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, the U.S., foreign governments, intergovernmental organizations, and military customers.
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