World Fuel Services Co. (NYSE:INT) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. lowered its stake in shares of World Fuel Services Co. (NYSE:INT – Get Rating) by 9.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 53,651 shares of the oil and gas company’s stock after selling 5,638 shares during the quarter. Russell Investments Group Ltd.’s holdings in World Fuel Services were worth $1,466,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Arizona State Retirement System lifted its position in shares of World Fuel Services by 2.0% during the 4th quarter. Arizona State Retirement System now owns 17,471 shares of the oil and gas company’s stock valued at $477,000 after buying an additional 347 shares in the last quarter. SummerHaven Investment Management LLC lifted its position in shares of World Fuel Services by 1.1% during the 4th quarter. SummerHaven Investment Management LLC now owns 36,385 shares of the oil and gas company’s stock valued at $994,000 after buying an additional 401 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of World Fuel Services by 0.9% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 44,844 shares of the oil and gas company’s stock valued at $918,000 after buying an additional 413 shares in the last quarter. Captrust Financial Advisors lifted its position in shares of World Fuel Services by 18.3% during the 2nd quarter. Captrust Financial Advisors now owns 2,708 shares of the oil and gas company’s stock valued at $56,000 after buying an additional 419 shares in the last quarter. Finally, Bank of Montreal Can lifted its position in shares of World Fuel Services by 1.5% during the 4th quarter. Bank of Montreal Can now owns 34,182 shares of the oil and gas company’s stock valued at $936,000 after buying an additional 490 shares in the last quarter. Institutional investors and hedge funds own 90.79% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. StockNews.com assumed coverage on World Fuel Services in a research report on Thursday, May 18th. They set a “hold” rating on the stock. TheStreet raised World Fuel Services from a “c+” rating to a “b-” rating in a research note on Thursday, April 27th.

World Fuel Services Stock Up 1.2 %

NYSE INT opened at $23.78 on Wednesday. The business has a fifty day moving average price of $24.36 and a 200 day moving average price of $26.58. World Fuel Services Co. has a one year low of $19.29 and a one year high of $30.65. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.96 and a current ratio of 1.11. The company has a market cap of $1.48 billion, a P/E ratio of 13.51, a P/E/G ratio of 2.16 and a beta of 1.26.

World Fuel Services (NYSE:INT – Get Rating) last issued its earnings results on Thursday, April 27th. The oil and gas company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01. World Fuel Services had a return on equity of 6.30% and a net margin of 0.19%. The business had revenue of $12.48 billion during the quarter, compared to the consensus estimate of $13.53 billion. During the same period last year, the company earned $0.42 EPS. Research analysts anticipate that World Fuel Services Co. will post 2.17 EPS for the current fiscal year.

World Fuel Services Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 21st. Shareholders of record on Thursday, April 6th were paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date was Wednesday, April 5th. World Fuel Services’s dividend payout ratio (DPR) is presently 31.82%.

About World Fuel Services

(Get Rating)

World Fuel Services Corp. engages in the distribution of fuel and related products and services in the aviation, marine, and land transportation industries. It operates through the following segments: Aviation, Land, and Marine. The Aviation segment supply fuel and service solutions to commercial airlines, second and third-tier airlines, cargo carriers, regional and low-cost carriers, airports, fixed based operators, corporate fleets, fractional operators, and private aircraft.