Raymond James & Associates Acquires 2,999 Shares of World Fuel Services Co. (NYSE:INT)

Raymond James & Associates boosted its holdings in World Fuel Services Co. (NYSE:INTGet Rating) by 3.1% during the third quarter, Holdings Channel.com reports. The fund owned 100,423 shares of the oil and gas company’s stock after buying an additional 2,999 shares during the quarter. Raymond James & Associates’ holdings in World Fuel Services were worth $2,354,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its holdings in shares of World Fuel Services by 29.1% in the 1st quarter. JPMorgan Chase & Co. now owns 414,024 shares of the oil and gas company’s stock worth $11,195,000 after purchasing an additional 93,316 shares in the last quarter. Citigroup Inc. boosted its holdings in shares of World Fuel Services by 16.8% in the 1st quarter. Citigroup Inc. now owns 104,723 shares of the oil and gas company’s stock worth $2,832,000 after purchasing an additional 15,101 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of World Fuel Services by 125.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 5,155 shares of the oil and gas company’s stock worth $140,000 after purchasing an additional 2,870 shares in the last quarter. Bank of Montreal Can boosted its holdings in shares of World Fuel Services by 20.0% in the 1st quarter. Bank of Montreal Can now owns 46,590 shares of the oil and gas company’s stock worth $1,302,000 after purchasing an additional 7,771 shares in the last quarter. Finally, MetLife Investment Management LLC boosted its holdings in shares of World Fuel Services by 56.5% in the 1st quarter. MetLife Investment Management LLC now owns 33,929 shares of the oil and gas company’s stock worth $917,000 after purchasing an additional 12,255 shares in the last quarter. 90.79% of the stock is currently owned by institutional investors.

World Fuel Services Trading Up 0.4 %

Shares of INT stock opened at $27.93 on Monday. The stock has a market capitalization of $1.73 billion, a PE ratio of 16.14, a P/E/G ratio of 2.34 and a beta of 1.29. World Fuel Services Co. has a 1-year low of $19.29 and a 1-year high of $29.28. The business has a 50-day moving average of $27.50 and a 200 day moving average of $26.12. 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 (NYSE:INTGet Rating) last issued its earnings results on Thursday, October 27th. The oil and gas company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.03. The company had revenue of $15.66 billion during the quarter, compared to analysts’ expectations of $16.29 billion. World Fuel Services had a return on equity of 5.80% and a net margin of 0.20%. As a group, sell-side analysts anticipate that World Fuel Services Co. will post 1.98 earnings per share for the current year.

World Fuel Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 6th. Shareholders of record on Friday, December 23rd were issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 2.01%. The ex-dividend date was Thursday, December 22nd. World Fuel Services’s dividend payout ratio (DPR) is currently 32.37%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on INT shares. TheStreet upgraded World Fuel Services from a “c+” rating to a “b-” rating in a report on Wednesday, November 9th. StockNews.com upgraded World Fuel Services from a “hold” rating to a “buy” rating in a report on Wednesday, November 9th.

About World Fuel Services

(Get Rating)

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.

Further Reading

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

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