World Fuel Services Corporation (NYSE:INT) was the recipient of unusually large options trading activity on Thursday. Traders acquired 1,098 call options on the company. This is an increase of approximately Infinity compared to the typical volume of 0 call options.

In related news, SVP Carlos M. Velazquez sold 6,850 shares of the stock in a transaction that occurred 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 completion of the transaction, the senior vice president now owns 16,946 shares of the company’s stock, valued at approximately $571,758.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Robert Alexander Lake sold 1,500 shares of the stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 42,302 shares of the company’s stock, valued at approximately $1,480,570. The disclosure for this sale can be found here. Company insiders own 2.30% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. Acrospire Investment Management LLC lifted its position in shares of World Fuel Services Corporation by 130.8% during the 2nd quarter. Acrospire Investment Management LLC now owns 3,000 shares of the oil and gas company’s stock worth $115,000 after purchasing an additional 1,700 shares during the last quarter. Victory Capital Management Inc. purchased a new stake in shares of World Fuel Services Corporation during the 1st quarter worth $117,000. Nomura Asset Management Co. Ltd. lifted its position in shares of World Fuel Services Corporation by 17.0% during the 1st quarter. Nomura Asset Management Co. Ltd. now owns 3,640 shares of the oil and gas company’s stock worth $132,000 after purchasing an additional 530 shares during the last quarter. Weaver C. Barksdale & Associates Inc. lifted its position in shares of World Fuel Services Corporation by 15.3% during the 2nd quarter. Weaver C. Barksdale & Associates Inc. now owns 4,413 shares of the oil and gas company’s stock worth $170,000 after purchasing an additional 586 shares during the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of World Fuel Services Corporation during the 2nd quarter worth $195,000. 89.37% of the stock is owned by institutional investors and hedge funds.

Several equities analysts have commented on INT shares. BidaskClub raised shares of World Fuel Services Corporation from a “hold” rating to a “buy” rating in a research report on Sunday, July 16th. Zacks Investment Research cut shares of World Fuel Services Corporation from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. Finally, Bank of America Corporation cut shares of World Fuel Services Corporation from a “neutral” rating to an “underperform” rating and decreased their price target for the company from $41.00 to $36.00 in a research report on Tuesday, September 26th.

World Fuel Services Corporation (NYSE:INT) opened at $28.41 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.63 and a quick ratio of 1.42. World Fuel Services Corporation has a 1 year low of $27.61 and a 1 year high of $47.49. The company has a market cap of $1,921.06, a P/E ratio of 17.98, a price-to-earnings-growth ratio of 2.54 and a beta of 0.90.

World Fuel Services Corporation (NYSE:INT) last issued its quarterly earnings results on Thursday, October 26th. The oil and gas company reported $0.60 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.60. World Fuel Services Corporation had a net margin of 0.08% and a return on equity of 5.54%. The company had revenue of $8.54 billion during the quarter, compared to analysts’ expectations of $8.19 billion. During the same quarter last year, the company posted $0.82 EPS. The firm’s revenue was up 15.4% compared to the same quarter last year. equities research analysts forecast that World Fuel Services Corporation will post 2.24 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 6th. Shareholders of record on Monday, October 16th will be given a $0.06 dividend. The ex-dividend date is Friday, October 13th. This represents a $0.24 annualized dividend and a yield of 0.84%. World Fuel Services Corporation’s dividend payout ratio is presently 68.57%.

World Fuel Services Corporation announced that its board has initiated a stock buyback program on Wednesday, October 4th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the oil and gas company to repurchase shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its shares are undervalued.

ILLEGAL ACTIVITY WARNING: “World Fuel Services Corporation Sees Unusually High Options Volume (INT)” was originally posted by American Banking News and is owned by of American Banking News. If you are viewing this story on another site, it was copied illegally and republished in violation of U.S. and international trademark & copyright legislation. The correct version of this story can be read at https://www.americanbankingnews.com/2017/11/05/world-fuel-services-corporation-sees-unusually-high-options-volume-int.html.

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.

Receive News & Ratings for World Fuel Services Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for World Fuel Services Corporation and related companies with MarketBeat.com's FREE daily email newsletter.