BRYN MAWR TRUST Co Lowers Position in World Fuel Services Corp (INT)

BRYN MAWR TRUST Co decreased its holdings in shares of World Fuel Services Corp (NYSE:INT) by 9.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 22,872 shares of the oil and gas company’s stock after selling 2,401 shares during the period. BRYN MAWR TRUST Co’s holdings in World Fuel Services were worth $489,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in INT. PNC Financial Services Group Inc. lifted its position in shares of World Fuel Services by 67.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,170 shares of the oil and gas company’s stock worth $25,000 after purchasing an additional 470 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its position in shares of World Fuel Services by 2,041.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 578,070 shares of the oil and gas company’s stock worth $27,000 after purchasing an additional 551,070 shares in the last quarter. Eukles Asset Management purchased a new stake in shares of World Fuel Services in the fourth quarter worth approximately $100,000. NumerixS Investment Technologies Inc purchased a new stake in shares of World Fuel Services in the fourth quarter worth approximately $125,000. Finally, Quantamental Technologies LLC purchased a new stake in shares of World Fuel Services in the fourth quarter worth approximately $191,000. Hedge funds and other institutional investors own 92.78% of the company’s stock.

INT stock traded down $0.72 during midday trading on Monday, hitting $30.96. 255,223 shares of the company traded hands, compared to its average volume of 436,181. World Fuel Services Corp has a twelve month low of $19.78 and a twelve month high of $33.17. The company has a quick ratio of 1.18, a current ratio of 1.35 and a debt-to-equity ratio of 0.36. The company has a market cap of $2.10 billion, a PE ratio of 14.67, a price-to-earnings-growth ratio of 2.73 and a beta of 1.07.

World Fuel Services (NYSE:INT) last announced its quarterly earnings results on Thursday, February 21st. The oil and gas company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.45 by $0.05. World Fuel Services had a return on equity of 7.98% and a net margin of 0.32%. The company had revenue of $9.99 billion for the quarter, compared to the consensus estimate of $10.40 billion. During the same quarter last year, the company posted $0.25 earnings per share. The company’s revenue for the quarter was up 12.6% compared to the same quarter last year. As a group, equities analysts expect that World Fuel Services Corp will post 2.31 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 22nd were issued a dividend of $0.06 per share. The ex-dividend date was Thursday, March 21st. This represents a $0.24 annualized dividend and a yield of 0.78%. World Fuel Services’s dividend payout ratio (DPR) is presently 11.37%.

A number of equities analysts recently commented on INT shares. Zacks Investment Research upgraded World Fuel Services from a “hold” rating to a “buy” rating and set a $23.00 price objective on the stock in a report on Wednesday, December 26th. ValuEngine upgraded World Fuel Services from a “sell” rating to a “hold” rating in a report on Monday, February 4th. Finally, Seaport Global Securities restated a “neutral” rating on shares of World Fuel Services in a report on Friday, February 22nd. One research 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. The stock currently has an average rating of “Hold” and a consensus price target of $31.67.

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About World Fuel Services

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.

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

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