World Fuel Services Corporation (NYSE:INT) was upgraded by research analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

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

World Fuel Services Corporation (NYSE:INT) traded up 1.74% during trading on Friday, reaching $34.43. 398,723 shares of the company’s stock were exchanged. The firm has a market capitalization of $2.36 billion, a price-to-earnings ratio of 22.55 and a beta of 0.93. World Fuel Services Corporation has a 52 week low of $32.28 and a 52 week high of $47.49. The stock has a 50-day moving average price of $35.82 and a 200 day moving average price of $36.79.

World Fuel Services Corporation (NYSE:INT) last announced its earnings results on Thursday, July 27th. The oil and gas company reported $0.50 earnings per share for the quarter, missing the Thomson Reuters’ 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 firm had revenue of $8.09 billion for the quarter, compared to the consensus estimate of $8.41 billion. During the same period in the prior year, the business earned $0.63 EPS. The company’s quarterly revenue was up 21.9% compared to the same quarter last year. Equities research analysts forecast that World Fuel Services Corporation will post $2.28 earnings per share for the current fiscal year.

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In other news, EVP Robert Alexander Lake sold 1,500 shares of the company’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $35.00, for a total transaction of $52,500.00. Following the completion of the sale, the executive vice president now directly owns 42,302 shares of the company’s stock, valued at $1,480,570. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Carlos M. Velazquez sold 6,850 shares of the company’s stock in a transaction on Friday, August 11th. The shares were sold at an average price of $33.74, for a total value of $231,119.00. Following the sale, the senior vice president now directly owns 16,946 shares of the company’s stock, valued at $571,758.04. The disclosure for this sale can be found here. Corporate insiders own 2.30% of the company’s stock.

A number of large investors have recently made changes to their positions in the company. Acrospire Investment Management LLC increased its stake in shares of World Fuel Services Corporation by 130.8% in the second 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 in the last quarter. Victory Capital Management Inc. acquired a new stake in shares of World Fuel Services Corporation during the first quarter valued at about $117,000. Nomura Asset Management Co. Ltd. increased its stake in shares of World Fuel Services Corporation by 17.0% in the first 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 in the last quarter. Weaver C. Barksdale & Associates Inc. increased its stake in shares of World Fuel Services Corporation by 15.3% in the second 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 in the last quarter. Finally, US Bancorp DE increased its stake in shares of World Fuel Services Corporation by 38.8% in the first 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 in the last quarter. 91.80% of the stock is owned by hedge funds and other institutional investors.

World Fuel Services Corporation Company Profile

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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