ProShare Advisors LLC decreased its holdings in shares of World Fuel Services Co. (NYSE:INT – Get Rating) by 10.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,909 shares of the oil and gas company's stock after selling 1,710 shares during the period. ProShare Advisors LLC's holdings in World Fuel Services were worth $377,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Maryland State Retirement & Pension System grew its holdings in shares of World Fuel Services by 1.6% during the 1st quarter. Maryland State Retirement & Pension System now owns 25,552 shares of the oil and gas company's stock worth $691,000 after acquiring an additional 402 shares during the period. Nisa Investment Advisors LLC grew its holdings in shares of World Fuel Services by 0.7% during the 1st quarter. Nisa Investment Advisors LLC now owns 69,600 shares of the oil and gas company's stock worth $1,882,000 after acquiring an additional 460 shares during the period. Mutual of America Capital Management LLC grew its holdings in shares of 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 worth $246,000 after acquiring an additional 472 shares during the period. CIBC Asset Management Inc grew its holdings in shares of World Fuel Services by 6.6% during the 4th quarter. CIBC Asset Management Inc now owns 7,970 shares of the oil and gas company's stock worth $211,000 after acquiring an additional 495 shares during the period. Finally, New York State Teachers Retirement System grew its holdings in shares of World Fuel Services by 1.0% during the 1st quarter. New York State Teachers Retirement System now owns 116,607 shares of the oil and gas company's stock worth $3,153,000 after acquiring an additional 1,173 shares during the period. Institutional investors own 90.39% of the company's stock.
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Separately, Stifel Nicolaus upgraded World Fuel Services from a "hold" rating to a "buy" rating and set a $35.00 target price on the stock in a report on Wednesday, May 18th.
World Fuel Services Stock Performance
World Fuel Services stock opened at $24.44 on Monday. The company has a quick ratio of 0.98, a current ratio of 1.16 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $1.51 billion, a P/E ratio of 17.58, a PEG ratio of 2.67 and a beta of 1.30. The stock's 50 day moving average is $24.41 and its 200 day moving average is $25.29. World Fuel Services Co. has a twelve month low of $19.29 and a twelve month high of $35.10.World Fuel Services (NYSE:INT – Get Rating) last released its quarterly earnings results on Thursday, July 28th. The oil and gas company reported $0.41 earnings per share for the quarter, beating 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 in the previous year, the business posted $0.39 EPS. On average, equities research analysts predict that World Fuel Services Co. will post 2.03 earnings per share for the current fiscal year.
World Fuel Services 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.
Further Reading
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