Tudor Investment Corp Et Al Decreases Stake in World Fuel Services Co. (NYSE:INT)


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Tudor Investment Corp Et Al reduced its stake in shares of World Fuel Services Co. (NYSE:INT) by 87.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,087 shares of the oil and gas company’s stock after selling 54,818 shares during the period. Tudor Investment Corp Et Al’s holdings in World Fuel Services were worth $252,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. First Bank & Trust boosted its position in shares of World Fuel Services by 5.3% during the 4th quarter. First Bank & Trust now owns 7,050 shares of the oil and gas company’s stock worth $220,000 after purchasing an additional 358 shares in the last quarter. US Bancorp DE boosted its position in shares of World Fuel Services by 7.4% during the 4th quarter. US Bancorp DE now owns 6,079 shares of the oil and gas company’s stock worth $189,000 after purchasing an additional 420 shares in the last quarter. First Horizon Corp boosted its position in shares of World Fuel Services by 11.5% during the 4th quarter. First Horizon Corp now owns 4,146 shares of the oil and gas company’s stock worth $129,000 after purchasing an additional 427 shares in the last quarter. Diversified Trust Co boosted its position in shares of World Fuel Services by 4.8% during the 4th quarter. Diversified Trust Co now owns 11,827 shares of the oil and gas company’s stock worth $369,000 after purchasing an additional 547 shares in the last quarter. Finally, Signaturefd LLC boosted its position in shares of World Fuel Services by 29.4% during the 4th quarter. Signaturefd LLC now owns 2,707 shares of the oil and gas company’s stock worth $84,000 after purchasing an additional 615 shares in the last quarter. Institutional investors own 90.30% of the company’s stock.

In other news, EVP Robert Alexander Lake sold 3,000 shares of the company’s stock in a transaction dated Thursday, March 18th. The shares were sold at an average price of $36.93, for a total transaction of $110,790.00. Following the completion of the transaction, the executive vice president now owns 66,728 shares of the company’s stock, valued at approximately $2,464,265.04. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Paul H. Stebbins sold 49,100 shares of the company’s stock in a transaction dated Monday, February 22nd. The shares were sold at an average price of $35.69, for a total transaction of $1,752,379.00. Following the transaction, the director now directly owns 29,998 shares of the company’s stock, valued at approximately $1,070,628.62. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 66,528 shares of company stock worth $2,372,180. 2.50% of the stock is owned by insiders.

NYSE:INT opened at $35.34 on Thursday. The firm has a market cap of $2.23 billion, a price-to-earnings ratio of 13.49, a price-to-earnings-growth ratio of 3.19 and a beta of 1.24. The company has a current ratio of 1.63, a quick ratio of 1.44 and a debt-to-equity ratio of 0.26. The company’s 50-day moving average is $35.13 and its two-hundred day moving average is $29.95. World Fuel Services Co. has a 12-month low of $18.36 and a 12-month high of $37.68.

World Fuel Services (NYSE:INT) last released its earnings results on Thursday, February 25th. The oil and gas company reported $0.02 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.21). The firm had revenue of $4.70 billion during the quarter, compared to analysts’ expectations of $4.82 billion. World Fuel Services had a net margin of 0.68% and a return on equity of 6.93%. On average, equities research analysts forecast that World Fuel Services Co. will post 1.37 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, April 9th. Shareholders of record on Friday, March 26th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.36%. This is a positive change from World Fuel Services’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Thursday, March 25th. World Fuel Services’s dividend payout ratio is 17.20%.

Several research firms recently commented on INT. TheStreet lowered shares of World Fuel Services from a “b” rating to a “c+” rating in a research report on Thursday, February 25th. Stifel Nicolaus reiterated a “hold” rating and issued a $32.00 price objective on shares of World Fuel Services in a research report on Thursday, March 4th. Bank of America upgraded shares of World Fuel Services from an “underperform” rating to a “buy” rating and set a $40.00 price objective on the stock in a research report on Tuesday, January 19th. Finally, Zacks Investment Research lowered shares of World Fuel Services from a “hold” rating to a “strong sell” rating in a research report on Tuesday, March 23rd.

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 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.

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

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