World Fuel Services Corporation (NYSE:INT) was downgraded by BidaskClub from a “hold” rating to a “sell” rating in a research note issued to investors on Thursday.

INT has been the topic of a number of other research reports. Zacks Investment Research downgraded shares of World Fuel Services Corporation from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. TheStreet downgraded shares of World Fuel Services Corporation from a “b” rating to a “c” rating in a research report on Friday, May 5th.

Shares of World Fuel Services Corporation (NYSE:INT) traded up 0.61% during midday trading on Thursday, hitting $32.91. 242,319 shares of the stock traded hands. The firm has a 50-day moving average price of $36.45 and a 200-day moving average price of $37.19. World Fuel Services Corporation has a 52 week low of $32.28 and a 52 week high of $47.49. The stock has a market capitalization of $2.25 billion, a P/E ratio of 21.55 and a beta of 0.93.

World Fuel Services Corporation (NYSE:INT) last released its earnings results on Thursday, July 27th. The oil and gas company reported $0.50 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.56 by $0.06. World Fuel Services Corporation had a net margin of 0.34% and a return on equity of 5.60%. The company had revenue of $8.09 billion for the quarter, compared to analyst estimates of $8.41 billion. During the same quarter in the previous year, the firm earned $0.63 EPS. The firm’s revenue was up 21.9% on a year-over-year basis. On average, equities analysts predict that World Fuel Services Corporation will post $2.28 earnings per share for the current fiscal year.

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In related news, EVP Robert Alexander Lake sold 1,500 shares of the business’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $35.00, for a total transaction of $52,500.00. Following the transaction, the executive vice president now owns 42,302 shares in the company, valued at approximately $1,480,570. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Carlos M. Velazquez sold 6,850 shares of the business’s stock in a transaction on Friday, August 11th. The shares were sold at an average price of $33.74, for a total transaction of $231,119.00. Following the transaction, the senior vice president now owns 16,946 shares in the company, valued at approximately $571,758.04. The disclosure for this sale can be found here. 2.30% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of Montreal Can raised its stake in shares of World Fuel Services Corporation by 12.6% in the first quarter. Bank of Montreal Can now owns 109,767 shares of the oil and gas company’s stock worth $3,979,000 after buying an additional 12,274 shares during the period. JPMorgan Chase & Co. raised its stake in shares of World Fuel Services Corporation by 3.3% in the first quarter. JPMorgan Chase & Co. now owns 448,030 shares of the oil and gas company’s stock worth $16,242,000 after buying an additional 14,303 shares during the period. Credit Agricole S A raised its stake in shares of World Fuel Services Corporation by 199.4% in the first quarter. Credit Agricole S A now owns 9,164 shares of the oil and gas company’s stock worth $332,000 after buying an additional 6,103 shares during the period. Trexquant Investment LP acquired a new stake in shares of World Fuel Services Corporation during the first quarter worth approximately $807,000. Finally, TLP Group LLC acquired a new stake in shares of World Fuel Services Corporation during the first quarter worth approximately $329,000. Institutional investors own 91.80% of the company’s stock.

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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