Canada Pension Plan Investment Board boosted its position in World Fuel Services Corporation (NYSE:INT) by 17.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 86,000 shares of the oil and gas company’s stock after buying an additional 13,000 shares during the period. Canada Pension Plan Investment Board owned about 0.13% of World Fuel Services Corporation worth $3,307,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in INT. World Asset Management Inc raised its position in shares of World Fuel Services Corporation by 0.4% in the first quarter. World Asset Management Inc now owns 6,793 shares of the oil and gas company’s stock worth $246,000 after buying an additional 25 shares during the last quarter. State Treasurer State of Michigan raised its position in shares of World Fuel Services Corporation by 0.4% in the second quarter. State Treasurer State of Michigan now owns 28,500 shares of the oil and gas company’s stock worth $1,096,000 after buying an additional 100 shares during the last quarter. Mason Street Advisors LLC raised its position in shares of World Fuel Services Corporation by 0.5% in the first quarter. Mason Street Advisors LLC now owns 33,037 shares of the oil and gas company’s stock worth $1,198,000 after buying an additional 151 shares during the last quarter. Northwest Investment Counselors LLC raised its position in shares of World Fuel Services Corporation by 1.0% in the second quarter. Northwest Investment Counselors LLC now owns 15,615 shares of the oil and gas company’s stock worth $600,000 after buying an additional 153 shares during the last quarter. Finally, Advantus Capital Management Inc raised its position in shares of World Fuel Services Corporation by 2.2% in the first quarter. Advantus Capital Management Inc now owns 8,954 shares of the oil and gas company’s stock worth $325,000 after buying an additional 197 shares during the last quarter. Institutional investors own 91.80% of the company’s stock.
Shares of World Fuel Services Corporation (NYSE:INT) opened at 33.84 on Friday. The company has a market cap of $2.32 billion, a P/E ratio of 22.16 and a beta of 0.93. The firm has a 50-day moving average of $35.92 and a 200-day moving average of $36.86. 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 released its quarterly earnings results on Thursday, July 27th. The oil and gas company reported $0.50 EPS for the quarter, missing the 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 business had revenue of $8.09 billion during the quarter, compared to analysts’ expectations of $8.41 billion. During the same quarter last year, the company earned $0.63 EPS. The firm’s revenue for the quarter 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 year.
A number of equities analysts recently weighed in on the stock. BidaskClub upgraded shares of World Fuel Services Corporation from a “hold” rating to a “buy” rating in a report on Sunday, July 16th. TheStreet downgraded shares of World Fuel Services Corporation from a “b” rating to a “c” rating in a research report on Friday, May 5th. Finally, Zacks Investment Research raised shares of World Fuel Services Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, June 27th.
In related news, 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 completion of the sale, the senior vice president now owns 16,946 shares in the company, valued at approximately $571,758.04. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Robert Alexander Lake sold 1,500 shares of the company’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 completion of the sale, the executive vice president now owns 42,302 shares of the company’s stock, valued at approximately $1,480,570. The disclosure for this sale can be found here. 2.30% of the stock is owned by corporate insiders.
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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