World Fuel Services Corp. (NYSE:INT) declared a quarterly dividend on Monday, September 12th. Investors of record on Friday, September 23rd will be paid a dividend of 0.06 per share on Wednesday, October 12th. This represents a $0.24 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date is Wednesday, September 21st.

INT has been the topic of a number of recent analyst reports. Zacks Investment Research raised World Fuel Services Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, June 28th. Stifel Nicolaus initiated coverage on World Fuel Services Corp. in a report on Tuesday, August 23rd. They set a “hold” rating on the stock. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. World Fuel Services Corp. currently has an average rating of “Hold” and a consensus price target of $50.00.

In other news, SVP Carlos M. Velazquez sold 599 shares of the firm’s stock in a transaction on Friday, August 12th. The stock was sold at an average price of $45.21, for a total value of $27,080.79. Following the completion of the sale, the senior vice president now owns 7,094 shares of the company’s stock, valued at $320,719.74. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Michael J. Kasbar sold 25,950 shares of the firm’s stock in a transaction on Monday, August 1st. The stock was sold at an average price of $46.38, for a total value of $1,203,561.00. Following the completion of the sale, the chief executive officer now directly owns 832,581 shares of the company’s stock, valued at approximately $38,615,106.78. The disclosure for this sale can be found here. 2.30% of the stock is owned by corporate insiders.

Several hedge funds have recently modified their holdings of the company. Stevens Capital Management LP acquired a new stake in shares of World Fuel Services Corp. during the second quarter valued at approximately $222,000. Martingale Asset Management L P acquired a new stake in shares of World Fuel Services Corp. during the second quarter valued at approximately $225,000. BlackRock Japan Co. Ltd boosted its stake in shares of World Fuel Services Corp. by 12.0% in the second quarter. BlackRock Japan Co. Ltd now owns 6,661 shares of the company’s stock valued at $316,000 after buying an additional 714 shares during the period. AXA boosted its stake in shares of World Fuel Services Corp. by 52.9% in the second quarter. AXA now owns 7,514 shares of the company’s stock valued at $356,000 after buying an additional 2,600 shares during the period. Finally, Sei Investments Co. boosted its stake in shares of World Fuel Services Corp. by 63.0% in the second quarter. Sei Investments Co. now owns 7,678 shares of the company’s stock valued at $364,000 after buying an additional 2,969 shares during the period. 88.38% of the stock is owned by institutional investors and hedge funds.

Shares of World Fuel Services Corp. (NYSE:INT) opened at 44.95 on Tuesday. The firm’s 50-day moving average price is $45.28 and its 200-day moving average price is $46.55. World Fuel Services Corp. has a 52-week low of $34.30 and a 52-week high of $51.01. The stock has a market capitalization of $3.17 billion, a P/E ratio of 16.75 and a beta of 1.23.

World Fuel Services Corp. (NYSE:INT) last issued its earnings results on Wednesday, July 27th. The company reported $0.63 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.07. The business had revenue of $6.63 billion for the quarter, compared to analysts’ expectations of $6.28 billion. World Fuel Services Corp. had a return on equity of 11.25% and a net margin of 0.70%. The company’s quarterly revenue was down 21.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.53 EPS. Equities analysts forecast that World Fuel Services Corp. will post $2.70 earnings per share for the current fiscal year.

About World Fuel Services Corp.

World Fuel Services Corporation is a fuel logistics, transaction management and payment processing company. The Company operates through three segments: aviation, marine and land. The aviation segment offers fuel and related services to commercial airlines second and third-tier airlines, cargo carriers, regional carriers, airports, fixed based operators, corporate fleets, fractional operators, private aircraft and military fleets.

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