California State Teachers Retirement System Has $4.82 Million Stake in World Fuel Services Corporation (INT)

California State Teachers Retirement System lowered its stake in shares of World Fuel Services Corporation (NYSE:INT) by 11.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 125,332 shares of the oil and gas company’s stock after selling 16,082 shares during the quarter. California State Teachers Retirement System owned 0.18% of World Fuel Services Corporation worth $4,819,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in INT. BlackRock Inc. increased its position in shares of World Fuel Services Corporation by 5,327.4% during the 1st quarter. BlackRock Inc. now owns 5,998,492 shares of the oil and gas company’s stock valued at $217,445,000 after purchasing an additional 5,887,970 shares during the last quarter. Janus Henderson Group PLC bought a new position in shares of World Fuel Services Corporation during the 2nd quarter valued at approximately $101,136,000. AJO LP bought a new position in shares of World Fuel Services Corporation during the 2nd quarter valued at approximately $54,483,000. Dimensional Fund Advisors LP increased its position in shares of World Fuel Services Corporation by 49.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,589,087 shares of the oil and gas company’s stock valued at $99,550,000 after purchasing an additional 859,392 shares during the last quarter. Finally, Artisan Partners Limited Partnership increased its position in shares of World Fuel Services Corporation by 13.2% during the 2nd quarter. Artisan Partners Limited Partnership now owns 3,052,815 shares of the oil and gas company’s stock valued at $117,381,000 after purchasing an additional 355,049 shares during the last quarter. 89.37% of the stock is currently owned by hedge funds and other institutional investors.

World Fuel Services Corporation (NYSE:INT) last posted its earnings results on Thursday, October 26th. The oil and gas company reported $0.60 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.60. The company had revenue of $8.54 billion during the quarter, compared to analysts’ expectations of $8.19 billion. World Fuel Services Corporation had a return on equity of 5.54% and a net margin of 0.08%. The firm’s quarterly revenue was up 15.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.82 earnings per share.

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 6th. Shareholders of record on Monday, October 16th will be paid a dividend of $0.06 per share. The ex-dividend date is Friday, October 13th. This represents a $0.24 annualized dividend and a yield of 0.86%. World Fuel Services Corporation’s dividend payout ratio (DPR) is 68.57%.

World Fuel Services Corporation announced that its board has initiated a stock repurchase program on Wednesday, October 4th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the oil and gas company to buy shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

In other World Fuel Services Corporation news, SVP Carlos M. Velazquez sold 6,850 shares of the firm’s stock in a transaction on Friday, August 11th. The stock was sold at an average price of $33.74, for a total transaction of $231,119.00. Following the completion of the sale, the senior vice president now owns 16,946 shares of the company’s stock, valued at $571,758.04. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Robert Alexander Lake sold 1,500 shares of the firm’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $35.00, for a total value of $52,500.00. Following the sale, the executive vice president now directly owns 42,302 shares of the company’s stock, valued at approximately $1,480,570. The disclosure for this sale can be found here. 2.30% of the stock is owned by company insiders.

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A number of equities analysts recently issued reports on the company. BidaskClub cut World Fuel Services Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Bank of America Corporation cut World Fuel Services Corporation from a “neutral” rating to an “underperform” rating and dropped their price objective for the company from $41.00 to $36.00 in a report on Tuesday, September 26th. Finally, Zacks Investment Research cut World Fuel Services Corporation from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Two analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $42.00.

World Fuel Services Corporation Profile

World Fuel Services Corporation is engaged in providing aviation, marine and land energy, logistics and technology solutions to customers and suppliers around the world. The Company operates through three segments: Aviation, Marine and Land. In its Aviation segment, the Company offers fuel and related products and services.

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

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