World Asset Management Inc boosted its stake in shares of World Fuel Services Corporation (NYSE:INT) by 2.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,927 shares of the oil and gas company’s stock after buying an additional 134 shares during the period. World Asset Management Inc’s holdings in World Fuel Services Corporation were worth $266,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. Balasa Dinverno & Foltz LLC raised its position in shares of World Fuel Services Corporation by 34.5% in the second quarter. Balasa Dinverno & Foltz LLC now owns 18,070 shares of the oil and gas company’s stock valued at $695,000 after buying an additional 4,633 shares during the period. Hartford Investment Management Co. raised its position in shares of World Fuel Services Corporation by 3.9% in the second quarter. Hartford Investment Management Co. now owns 56,118 shares of the oil and gas company’s stock valued at $2,158,000 after buying an additional 2,119 shares during the period. ING Groep NV purchased a new position in shares of World Fuel Services Corporation during the second quarter valued at about $323,000. Parametrica Management Ltd raised its position in shares of World Fuel Services Corporation by 79.3% in the second quarter. Parametrica Management Ltd now owns 10,014 shares of the oil and gas company’s stock valued at $385,000 after buying an additional 4,430 shares during the period. Finally, Oakbrook Investments LLC purchased a new position in shares of World Fuel Services Corporation during the second quarter valued at about $223,000. 91.80% of the stock is owned by institutional investors.

World Fuel Services Corporation (NYSE INT) opened at 32.71 on Friday. World Fuel Services Corporation has a one year low of $32.28 and a one year high of $47.49. The stock has a 50 day moving average of $36.60 and a 200 day moving average of $37.28. The firm has a market cap of $2.24 billion, a price-to-earnings ratio of 21.42 and a beta of 0.93.

World Fuel Services Corporation (NYSE:INT) last posted its quarterly earnings data 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 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 analyst estimates of $8.41 billion. During the same quarter last year, the company earned $0.63 earnings per share. The company’s quarterly revenue was up 21.9% compared to the same quarter last year. Equities research analysts predict that World Fuel Services Corporation will post $2.28 EPS for the current fiscal year.

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Several brokerages have recently issued reports on INT. BidaskClub lowered shares of World Fuel Services Corporation from a “hold” rating to a “sell” rating in a report on Thursday. Zacks Investment Research lowered shares of World Fuel Services Corporation from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Finally, TheStreet lowered shares of World Fuel Services Corporation from a “b” rating to a “c” rating in a report on Friday, May 5th.

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

Institutional Ownership by Quarter for World Fuel Services Corporation (NYSE:INT)

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