Insider Selling: World Fuel Services Corp. Director Unloads 50,000 Shares of Stock (INT)
World Fuel Services Corp. (NYSE:INT) Director Paul H. Stebbins sold 50,000 shares of the stock in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $49.42, for a total value of $2,471,000.00. Following the sale, the director now directly owns 33,322 shares of the company’s stock, valued at approximately $1,646,773. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
World Fuel Services Corp. (NYSE:INT) traded down 0.08% on Thursday, hitting $48.86. 119,330 shares of the company’s stock traded hands. World Fuel Services Corp. has a 52 week low of $34.57 and a 52 week high of $49.80. The stock’s 50-day moving average is $47.2 and its 200-day moving average is $44.88. The company has a market cap of $3.517 billion and a price-to-earnings ratio of 17.10.
World Fuel Services Corp. (NYSE:INT) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.71 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.67 by $0.04. The company had revenue of $10.55 billion for the quarter, compared to the consensus estimate of $10.46 billion. Analysts expect that World Fuel Services Corp. will post $3.07 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, July 11th. Investors of record on Friday, June 20th will be paid a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a dividend yield of 0.31%. The ex-dividend date is Wednesday, June 18th.
World Fuel Services Corporation is a global fuel logistics company. Its aviation segment offers fuel and related services to commercial airlines, second and third-tier airlines, cargo carriers, carriers, airports, fixed-based operators, corporate fleets, fractional operators, private aircraft, military fleets and to the United States and foreign governments.
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