World Fuel Services Co. (NYSE:INT – Get Rating) saw a large decline in short interest in the month of August. As of August 31st, there was short interest totalling 1,760,000 shares, a decline of 13.3% from the August 15th total of 2,030,000 shares. Based on an average daily trading volume, of 498,100 shares, the days-to-cover ratio is presently 3.5 days. Approximately 2.9% of the company's shares are short sold.
World Fuel Services Trading Down 1.8 %
Shares of World Fuel Services stock traded down $0.48 during trading on Tuesday, hitting $25.84. 651,451 shares of the company were exchanged, compared to its average volume of 508,726. The firm has a market capitalization of $1.60 billion, a P/E ratio of 18.94, a price-to-earnings-growth ratio of 2.48 and a beta of 1.30. World Fuel Services has a 1-year low of $19.29 and a 1-year high of $35.10. The firm's fifty day moving average price is $25.36 and its 200 day moving average price is $25.01. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.16 and a quick ratio of 0.98.
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World Fuel Services (NYSE:INT – Get Rating) last posted its earnings results on Thursday, July 28th. The oil and gas company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.12. World Fuel Services had a return on equity of 4.82% and a net margin of 0.18%. During the same quarter last year, the company posted $0.39 earnings per share. As a group, sell-side analysts expect that World Fuel Services will post 2.03 earnings per share for the current fiscal year.
World Fuel Services Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 7th. Investors of record on Friday, September 23rd will be given a $0.14 dividend. The ex-dividend date of this dividend is Thursday, September 22nd. This is a positive change from World Fuel Services's previous quarterly dividend of $0.12. This represents a $0.56 annualized dividend and a dividend yield of 2.17%. World Fuel Services's payout ratio is currently 34.53%.
Hedge Funds Weigh In On World Fuel Services
Several institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. grew its position in shares of World Fuel Services by 1.4% in the 1st quarter. BlackRock Inc. now owns 10,726,736 shares of the oil and gas company's stock valued at $290,052,000 after purchasing an additional 146,156 shares during the period. Vanguard Group Inc. boosted its position in World Fuel Services by 3.6% during the 1st quarter. Vanguard Group Inc. now owns 6,986,709 shares of the oil and gas company's stock worth $188,921,000 after acquiring an additional 243,764 shares during the last quarter. State Street Corp boosted its position in World Fuel Services by 15.6% during the 2nd quarter. State Street Corp now owns 3,988,560 shares of the oil and gas company's stock worth $82,002,000 after acquiring an additional 538,300 shares during the last quarter. River Road Asset Management LLC boosted its position in World Fuel Services by 0.8% during the 1st quarter. River Road Asset Management LLC now owns 2,447,414 shares of the oil and gas company's stock worth $66,178,000 after acquiring an additional 18,711 shares during the last quarter. Finally, Boston Partners boosted its position in World Fuel Services by 1.6% during the 1st quarter. Boston Partners now owns 1,998,568 shares of the oil and gas company's stock worth $53,680,000 after acquiring an additional 32,038 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.
About World Fuel Services
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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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