Dean Capital Management Invests $3.93 Million in World Fuel Services Corporation (INT) Stock

Dean Capital Management bought a new stake in World Fuel Services Corporation (NYSE:INT) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 102,310 shares of the oil and gas company’s stock, valued at approximately $3,934,000. World Fuel Services Corporation accounts for 1.9% of Dean Capital Management’s investment portfolio, making the stock its 18th biggest position. Dean Capital Management owned 0.15% of World Fuel Services Corporation as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Acrospire Investment Management LLC raised its holdings in shares of World Fuel Services Corporation by 130.8% in the 2nd quarter. Acrospire Investment Management LLC now owns 3,000 shares of the oil and gas company’s stock valued at $115,000 after buying an additional 1,700 shares during the period. Victory Capital Management Inc. purchased a new stake in shares of World Fuel Services Corporation in the 1st quarter valued at $117,000. Nomura Asset Management Co. Ltd. raised its holdings in shares of World Fuel Services Corporation by 17.0% in the 1st quarter. Nomura Asset Management Co. Ltd. now owns 3,640 shares of the oil and gas company’s stock valued at $132,000 after buying an additional 530 shares during the period. US Bancorp DE raised its holdings in shares of World Fuel Services Corporation by 38.8% in the 1st quarter. US Bancorp DE now owns 4,448 shares of the oil and gas company’s stock valued at $161,000 after buying an additional 1,243 shares during the period. Finally, Weaver C. Barksdale & Associates Inc. raised its holdings in shares of World Fuel Services Corporation by 15.3% in the 2nd quarter. Weaver C. Barksdale & Associates Inc. now owns 4,413 shares of the oil and gas company’s stock valued at $170,000 after buying an additional 586 shares during the period. Institutional investors own 89.66% of the company’s stock.

World Fuel Services Corporation (NYSE INT) traded down 1.11% during midday trading on Thursday, hitting $35.52. The company had a trading volume of 70,327 shares. The stock has a 50 day moving average of $35.14 and a 200 day moving average of $36.09. World Fuel Services Corporation has a 52-week low of $32.28 and a 52-week high of $47.49. The firm has a market cap of $2.43 billion, a price-to-earnings ratio of 23.26 and a beta of 0.95.

World Fuel Services Corporation (NYSE:INT) last issued its earnings results on Thursday, July 27th. The oil and gas company reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.06). The firm had revenue of $8.09 billion during the quarter, compared to analysts’ expectations of $8.41 billion. World Fuel Services Corporation had a return on equity of 5.60% and a net margin of 0.34%. The company’s quarterly revenue was up 21.9% compared to the same quarter last year. During the same period last year, the business posted $0.63 earnings per share. On average, analysts anticipate that World Fuel Services Corporation will post $2.26 EPS for the current year.

World Fuel Services Corporation declared that its board has approved a stock repurchase plan on Wednesday, October 4th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the oil and gas company to repurchase shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

The company also recently announced a quarterly dividend, which will be paid on Monday, November 6th. Investors of record on Monday, October 16th will be given a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.67%. The ex-dividend date is Friday, October 13th. World Fuel Services Corporation’s dividend payout ratio (DPR) is currently 15.69%.

In related news, SVP Carlos M. Velazquez sold 6,850 shares of the stock in a transaction on Friday, August 11th. The stock was sold at an average price of $33.74, for a total value of $231,119.00. Following the transaction, the senior vice president now directly owns 16,946 shares of the company’s stock, valued at approximately $571,758.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Robert Alexander Lake sold 1,500 shares of the 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 completion of the transaction, the executive vice president now directly owns 42,302 shares in the company, valued at $1,480,570. The disclosure for this sale can be found here. Company insiders own 2.30% of the company’s stock.

Several equities research analysts recently issued reports on INT shares. Bank of America Corporation downgraded World Fuel Services Corporation from a “neutral” rating to an “underperform” rating and cut their price objective for the company from $41.00 to $36.00 in a report on Tuesday, September 26th. BidaskClub upgraded World Fuel Services Corporation from a “sell” rating to a “hold” rating in a report on Thursday, July 6th. Finally, Zacks Investment Research downgraded World Fuel Services Corporation from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $42.00.

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About World Fuel Services Corporation

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.

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

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