World Fuel Services Corporation (NYSE:INT) was upgraded by equities researchers at BidaskClub from a “hold” rating to a “buy” rating in a research note issued to investors on Sunday.

Several other analysts also recently commented on the company. Zacks Investment Research raised World Fuel Services Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, June 27th. TheStreet downgraded World Fuel Services Corporation from a “b” rating to a “c” rating in a research note on Friday, May 5th.

World Fuel Services Corporation (INT) traded up 0.72% during mid-day trading on Friday, reaching $38.97. The company had a trading volume of 256,506 shares. The company has a market capitalization of $2.69 billion, a price-to-earnings ratio of 25.67 and a beta of 0.97. The firm’s 50 day moving average price is $36.49 and its 200-day moving average price is $39.33. World Fuel Services Corporation has a 12 month low of $34.64 and a 12 month high of $48.57.

World Fuel Services Corporation (NYSE:INT) last posted its quarterly earnings data on Thursday, April 27th. The oil and gas company reported $0.45 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.52 by $0.07. The company had revenue of $8.19 billion for the quarter, compared to analysts’ expectations of $7.83 billion. World Fuel Services Corporation had a net margin of 0.35% and a return on equity of 5.41%. The firm’s revenue was up 57.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.77 earnings per share. Equities research analysts anticipate that World Fuel Services Corporation will post $2.60 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, July 7th. Stockholders of record on Friday, June 9th were paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.62%. The ex-dividend date was Wednesday, June 7th. World Fuel Services Corporation’s dividend payout ratio (DPR) is 15.79%.

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In other news, Director Myles Klein sold 13,000 shares of the stock in a transaction that occurred on Thursday, May 4th. The stock was sold at an average price of $36.53, for a total transaction of $474,890.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Robert Alexander Lake sold 1,500 shares of the stock in a transaction that occurred on Wednesday, May 10th. The stock was sold at an average price of $37.83, for a total value of $56,745.00. Following the transaction, the executive vice president now directly owns 48,137 shares of the company’s stock, valued at $1,821,022.71. The disclosure for this sale can be found here. Over the last three months, insiders have sold 21,335 shares of company stock valued at $788,467. Company insiders own 2.30% of the company’s stock.

Several institutional investors have recently modified their holdings of INT. BlackRock Inc. increased its position in shares of World Fuel Services Corporation by 5,327.4% in the first quarter. BlackRock Inc. now owns 5,998,492 shares of the oil and gas company’s stock worth $217,445,000 after buying an additional 5,887,970 shares during the period. Vanguard Group Inc. increased its position in shares of World Fuel Services Corporation by 1.0% in the first quarter. Vanguard Group Inc. now owns 5,809,270 shares of the oil and gas company’s stock worth $210,586,000 after buying an additional 57,993 shares during the period. Artisan Partners Limited Partnership acquired a new position in shares of World Fuel Services Corporation during the first quarter worth about $97,794,000. State Street Corp increased its position in shares of World Fuel Services Corporation by 5.3% in the first quarter. State Street Corp now owns 2,512,356 shares of the oil and gas company’s stock worth $91,080,000 after buying an additional 125,600 shares during the period. Finally, Cooke & Bieler LP increased its position in shares of World Fuel Services Corporation by 2.4% in the first quarter. Cooke & Bieler LP now owns 2,459,844 shares of the oil and gas company’s stock worth $89,169,000 after buying an additional 58,528 shares during the period. 91.52% of the stock is owned by institutional investors and hedge funds.

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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