World Fuel Services Corporation (NYSE:INT) was downgraded by equities research analysts at BidaskClub from a “buy” rating to a “hold” rating in a research note issued on Tuesday, July 25th.
Other equities research analysts have also issued research reports about the company. TheStreet lowered World Fuel Services Corporation from a “b” rating to a “c” rating in a research note on Friday, May 5th. Zacks Investment Research raised World Fuel Services Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, June 27th.
Shares of World Fuel Services Corporation (INT) opened at 33.79 on Tuesday. The firm has a market cap of $2.31 billion, a PE ratio of 22.13 and a beta of 0.93. The stock has a 50 day moving average price of $36.96 and a 200 day moving average price of $37.42. World Fuel Services Corporation has a 52 week low of $32.28 and a 52 week high of $47.49.
World Fuel Services Corporation (NYSE:INT) last issued its quarterly earnings results on Thursday, July 27th. The oil and gas company reported $0.50 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by $0.06. World Fuel Services Corporation had a return on equity of 5.60% and a net margin of 0.34%. The firm had revenue of $8.09 billion for the quarter, compared to the consensus estimate of $8.41 billion. During the same period last year, the firm earned $0.63 EPS. The company’s revenue for the quarter was up 21.9% on a year-over-year basis. Equities analysts expect that World Fuel Services Corporation will post $2.28 earnings per share for the current year.
In other World Fuel Services Corporation news, EVP Robert Alexander Lake sold 1,500 shares of the company’s 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 completion of the transaction, the executive vice president now owns 42,302 shares of the company’s stock, valued at approximately $1,480,570. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Carlos M. Velazquez sold 6,850 shares of the company’s stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 16,946 shares of the company’s stock, valued at approximately $571,758.04. The disclosure for this sale can be found here. Insiders own 2.30% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in INT. Acrospire Investment Management LLC raised its position in 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 worth $115,000 after buying an additional 1,700 shares during the last quarter. Victory Capital Management Inc. acquired a new position in World Fuel Services Corporation during the first quarter worth approximately $117,000. Nomura Asset Management Co. Ltd. raised its position in 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 worth $132,000 after buying an additional 530 shares during the last quarter. Weaver C. Barksdale & Associates Inc. raised its position in World Fuel Services Corporation by 18.1% in the first quarter. Weaver C. Barksdale & Associates Inc. now owns 3,827 shares of the oil and gas company’s stock worth $139,000 after buying an additional 586 shares during the last quarter. Finally, US Bancorp DE raised its position in 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 worth $161,000 after buying an additional 1,243 shares during the last quarter. 91.80% of the stock is owned by institutional investors and hedge funds.
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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