Los Angeles Capital Management LLC Sells 835 Shares of World Fuel Services Co. (NYSE:INT)

Los Angeles Capital Management LLC cut its holdings in World Fuel Services Co. (NYSE:INTGet Rating) by 4.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 20,217 shares of the oil and gas company’s stock after selling 835 shares during the period. Los Angeles Capital Management LLC’s holdings in World Fuel Services were worth $414,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Exchange Traded Concepts LLC bought a new stake in shares of World Fuel Services in the 1st quarter worth about $35,000. Lazard Asset Management LLC grew its holdings in World Fuel Services by 1,515.1% during the 1st quarter. Lazard Asset Management LLC now owns 2,358 shares of the oil and gas company’s stock valued at $63,000 after purchasing an additional 2,212 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in World Fuel Services by 125.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 5,155 shares of the oil and gas company’s stock valued at $140,000 after purchasing an additional 2,870 shares during the last quarter. Profund Advisors LLC bought a new position in World Fuel Services during the 1st quarter valued at about $236,000. Finally, Mutual of America Capital Management LLC grew its holdings in World Fuel Services by 5.5% during the 1st quarter. Mutual of America Capital Management LLC now owns 9,102 shares of the oil and gas company’s stock valued at $246,000 after purchasing an additional 472 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on INT. StockNews.com upgraded shares of World Fuel Services from a “hold” rating to a “buy” rating in a report on Wednesday. TheStreet upgraded shares of World Fuel Services from a “c+” rating to a “b-” rating in a report on Wednesday.

World Fuel Services Price Performance

Shares of INT stock opened at $27.72 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.11 and a quick ratio of 0.95. The company has a market capitalization of $1.72 billion, a P/E ratio of 16.02, a P/E/G ratio of 2.78 and a beta of 1.29. The company’s 50-day simple moving average is $25.54 and its two-hundred day simple moving average is $24.70. World Fuel Services Co. has a one year low of $19.29 and a one year high of $29.28.

World Fuel Services Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 7th. Shareholders of record on Friday, September 23rd were paid a $0.14 dividend. This is an increase from World Fuel Services’s previous quarterly dividend of $0.12. This represents a $0.56 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date of this dividend was Thursday, September 22nd. World Fuel Services’s dividend payout ratio is currently 32.37%.

World Fuel Services Company Profile

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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., foreign governments, intergovernmental organizations, and military customers.

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

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