American International Group Inc. grew its holdings in shares of World Fuel Services Corp (NYSE:INT) by 1.5% during the third quarter, HoldingsChannel.com reports. The firm owned 181,347 shares of the oil and gas company’s stock after purchasing an additional 2,680 shares during the quarter. American International Group Inc.’s holdings in World Fuel Services were worth $5,020,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Commonwealth Bank of Australia increased its stake in World Fuel Services by 3.7% during the second quarter. Commonwealth Bank of Australia now owns 63,938 shares of the oil and gas company’s stock worth $1,302,000 after purchasing an additional 2,300 shares during the period. Mutual of America Capital Management LLC increased its stake in World Fuel Services by 4.6% during the second quarter. Mutual of America Capital Management LLC now owns 58,211 shares of the oil and gas company’s stock worth $1,188,000 after purchasing an additional 2,561 shares during the period. Virginia Retirement Systems ET AL increased its stake in World Fuel Services by 12.0% during the third quarter. Virginia Retirement Systems ET AL now owns 26,200 shares of the oil and gas company’s stock worth $725,000 after purchasing an additional 2,800 shares during the period. Northwest Investment Counselors LLC increased its stake in World Fuel Services by 16.6% during the third quarter. Northwest Investment Counselors LLC now owns 20,043 shares of the oil and gas company’s stock worth $555,000 after purchasing an additional 2,850 shares during the period. Finally, HGK Asset Management Inc. increased its stake in World Fuel Services by 19.5% during the second quarter. HGK Asset Management Inc. now owns 20,861 shares of the oil and gas company’s stock worth $426,000 after purchasing an additional 3,404 shares during the period. Institutional investors own 92.91% of the company’s stock.

Shares of World Fuel Services stock opened at $24.28 on Friday. World Fuel Services Corp has a one year low of $19.78 and a one year high of $33.17. The stock has a market cap of $1.67 billion, a PE ratio of 13.05, a P/E/G ratio of 2.41 and a beta of 0.79. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.32 and a quick ratio of 1.11.

World Fuel Services (NYSE:INT) last announced its quarterly earnings data on Thursday, October 25th. The oil and gas company reported $0.63 EPS for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.07. World Fuel Services had a positive return on equity of 7.14% and a negative net margin of 0.25%. The business had revenue of $10.43 billion during the quarter, compared to the consensus estimate of $10.47 billion. On average, sell-side analysts predict that World Fuel Services Corp will post 2.06 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 7th. Stockholders of record on Friday, December 14th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date of this dividend is Thursday, December 13th. World Fuel Services’s dividend payout ratio is presently 12.90%.

A number of brokerages have recently commented on INT. Zacks Investment Research downgraded World Fuel Services from a “buy” rating to a “hold” rating in a research report on Thursday, September 27th. TheStreet raised World Fuel Services from a “d+” rating to a “c-” rating in a research report on Tuesday, September 25th. Finally, ValuEngine downgraded World Fuel Services from a “buy” rating to a “hold” rating in a research report on Tuesday, November 13th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. World Fuel Services currently has an average rating of “Hold” and an average price target of $32.00.

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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 offers fuel management; price risk management; ground handling; dispatch; and international trip planning services, such as flight plans, weather reports, and overflight permits.

Read More: Are all No-Load Funds Equal?

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

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