New York State Common Retirement Fund decreased its holdings in shares of World Fuel Services Co. (NYSE:INT – Get Rating) by 8.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 97,926 shares of the oil and gas company's stock after selling 9,431 shares during the quarter. New York State Common Retirement Fund owned about 0.16% of World Fuel Services worth $2,676,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in INT. Whittier Trust Co. acquired a new stake in shares of World Fuel Services in the 3rd quarter valued at about $26,000. Lazard Asset Management LLC raised its stake in shares of 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 worth $63,000 after buying an additional 2,212 shares in the last quarter. Captrust Financial Advisors increased its stake in World Fuel Services by 18.3% in the 2nd quarter. Captrust Financial Advisors now owns 2,708 shares of the oil and gas company's stock valued at $56,000 after purchasing an additional 419 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in World Fuel Services by 125.6% in 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 in the last quarter. Finally, Quantbot Technologies LP acquired a new stake in World Fuel Services during the 3rd quarter valued at $139,000. Institutional investors and hedge funds own 90.79% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on INT. StockNews.com initiated coverage on World Fuel Services in a report on Thursday, March 16th. They issued a "hold" rating on the stock. TheStreet downgraded World Fuel Services from a "b" rating to a "c+" rating in a research note on Thursday, March 23rd.

World Fuel Services Stock Performance

Shares of INT stock opened at $24.08 on Thursday. The stock's fifty day simple moving average is $26.01 and its 200-day simple moving average is $26.92. The company has a current ratio of 1.14, a quick ratio of 0.97 and a debt-to-equity ratio of 0.42. World Fuel Services Co. has a 1-year low of $19.29 and a 1-year high of $30.65. The company has a market capitalization of $1.49 billion, a price-to-earnings ratio of 13.30, a P/E/G ratio of 2.36 and a beta of 1.27.

World Fuel Services (NYSE:INT – Get Rating) last announced its quarterly earnings results on Thursday, February 23rd. The oil and gas company reported $0.54 earnings per share for the quarter, topping analysts' consensus estimates of $0.48 by $0.06. World Fuel Services had a return on equity of 6.56% and a net margin of 0.19%. The company had revenue of $13.88 billion during the quarter, compared to analysts' expectations of $14.56 billion. During the same quarter in the previous year, the firm earned $0.28 earnings per share. On average, sell-side analysts predict that World Fuel Services Co. will post 2.16 earnings per share for the current fiscal year.

World Fuel Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 21st. Investors of record on Thursday, April 6th were paid a dividend of $0.14 per share. The ex-dividend date of this dividend was Wednesday, April 5th. This represents a $0.56 annualized dividend and a yield of 2.33%. World Fuel Services's dividend payout ratio is 30.94%.

World Fuel Services Profile

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World Fuel Services Corp. engages in the distribution of fuel and related products and services in the aviation, marine, and land transportation industries. It operates through the following segments: Aviation, Land, and Marine. The Aviation segment supply fuel and service solutions to commercial airlines, second and third-tier airlines, cargo carriers, regional and low-cost carriers, airports, fixed based operators, corporate fleets, fractional operators, and private aircraft.

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