World Fuel Services Corp. (INT) To Go Ex-Dividend on September 21st
World Fuel Services Corp. (NYSE:INT) declared a quarterly dividend on Monday, September 12th. Investors of record on Friday, September 23rd will be given a dividend of 0.06 per share on Wednesday, October 12th. This represents a $0.24 annualized dividend and a yield of 0.53%. The ex-dividend date of this dividend is Wednesday, September 21st.
A number of analysts recently commented on INT shares. Zacks Investment Research raised shares of World Fuel Services Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, June 28th. Stifel Nicolaus began coverage on shares of World Fuel Services Corp. in a report on Tuesday, August 23rd. They issued a “hold” rating on the stock. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $50.00.
In related news, SVP Carlos M. Velazquez sold 599 shares of the business’s stock in a transaction that occurred on Friday, August 12th. The stock was sold at an average price of $45.21, for a total transaction of $27,080.79. Following the completion of the sale, the senior vice president now owns 7,094 shares in the company, valued at $320,719.74. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Michael J. Kasbar sold 25,950 shares of the business’s stock in a transaction that occurred 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 sale, the chief executive officer now 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 company insiders.
A number of large investors have recently modified their holdings of INT. BlueMountain Capital Management LLC bought a new position in World Fuel Services Corp. during the second quarter worth about $1,347,000. Sei Investments Co. raised its position in World Fuel Services Corp. by 63.0% in the second quarter. Sei Investments Co. now owns 7,678 shares of the company’s stock worth $364,000 after buying an additional 2,969 shares during the last quarter. Comerica Bank raised its position in World Fuel Services Corp. by 2.6% in the second quarter. Comerica Bank now owns 54,828 shares of the company’s stock worth $2,506,000 after buying an additional 1,369 shares during the last quarter. AXA raised its position in World Fuel Services Corp. by 52.9% in the second quarter. AXA now owns 7,514 shares of the company’s stock worth $356,000 after buying an additional 2,600 shares during the last quarter. Finally, Engineers Gate Manager LP raised its position in World Fuel Services Corp. by 44.9% in the second quarter. Engineers Gate Manager LP now owns 47,784 shares of the company’s stock worth $2,269,000 after buying an additional 14,800 shares during the last quarter. Institutional investors own 88.38% of the company’s stock.
Shares of World Fuel Services Corp. (NYSE:INT) opened at 44.95 on Tuesday. World Fuel Services Corp. has a 1-year low of $34.30 and a 1-year high of $51.01. The company has a market capitalization of $3.17 billion, a price-to-earnings ratio of 16.75 and a beta of 1.23. The firm’s 50-day moving average is $45.28 and its 200-day moving average is $46.55.
World Fuel Services Corp. (NYSE:INT) last issued its quarterly earnings data on Wednesday, July 27th. The company reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.07. The firm earned $6.63 billion during the quarter, compared to the consensus estimate 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 last year, the company earned $0.53 EPS. 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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