World Fuel Services Corp (INT) Position Boosted by Dupont Capital Management Corp
Dupont Capital Management Corp increased its position in World Fuel Services Corp (NYSE:INT) by 2.2% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 50,084 shares of the oil and gas company’s stock after acquiring an additional 1,100 shares during the period. Dupont Capital Management Corp’s holdings in World Fuel Services were worth $1,447,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. grew its position in World Fuel Services by 13.6% in the third quarter. JPMorgan Chase & Co. now owns 133,626 shares of the oil and gas company’s stock valued at $3,699,000 after acquiring an additional 15,946 shares during the period. Jane Street Group LLC bought a new stake in shares of World Fuel Services during the third quarter worth $497,000. Legal & General Group Plc grew its holdings in shares of World Fuel Services by 0.4% during the third quarter. Legal & General Group Plc now owns 167,152 shares of the oil and gas company’s stock worth $4,627,000 after purchasing an additional 597 shares during the last quarter. Meeder Asset Management Inc. grew its holdings in shares of World Fuel Services by 10.2% during the fourth quarter. Meeder Asset Management Inc. now owns 29,088 shares of the oil and gas company’s stock worth $625,000 after purchasing an additional 2,690 shares during the last quarter. Finally, Alpha Windward LLC bought a new stake in shares of World Fuel Services during the fourth quarter worth $370,000. Institutional investors own 90.95% of the company’s stock.
Shares of INT stock opened at $30.50 on Tuesday. The company has a current ratio of 1.36, a quick ratio of 1.15 and a debt-to-equity ratio of 0.35. The firm has a market cap of $2.06 billion, a PE ratio of 13.55, a price-to-earnings-growth ratio of 2.62 and a beta of 1.09. World Fuel Services Corp has a 52 week low of $19.78 and a 52 week high of $33.17.
The firm also recently announced a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 22nd were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.79%. The ex-dividend date of this dividend was Thursday, March 21st. World Fuel Services’s payout ratio is presently 11.37%.
Several brokerages have recently commented on INT. Zacks Investment Research upgraded World Fuel Services from a “hold” rating to a “buy” rating and set a $34.00 target price on the stock in a report on Wednesday, May 1st. Seaport Global Securities restated a “neutral” rating on shares of World Fuel Services in a report on Friday, February 22nd. Finally, ValuEngine upgraded World Fuel Services from a “sell” rating to a “hold” rating in a report on Monday, February 4th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $32.67.
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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 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, military fleets, the U.S.
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