BidaskClub upgraded shares of World Fuel Services Corporation (NYSE:INT) from a sell rating to a hold rating in a report released on Saturday morning.

Other analysts have also recently issued reports about the stock. TheStreet cut shares of World Fuel Services Corporation from a b rating to a c rating in a research note on Friday, May 5th. Zacks Investment Research upgraded shares of World Fuel Services Corporation from a sell rating to a hold rating in a research note on Tuesday, June 27th.

World Fuel Services Corporation (NYSE:INT) traded up 1.74% during midday trading on Friday, hitting $34.43. The stock had a trading volume of 398,723 shares. World Fuel Services Corporation has a 1-year low of $32.28 and a 1-year high of $47.49. The company has a market cap of $2.36 billion, a price-to-earnings ratio of 22.55 and a beta of 0.93. The company’s 50 day moving average is $35.82 and its 200 day moving average is $36.79.

World Fuel Services Corporation (NYSE:INT) last posted its 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 during the quarter, compared to analysts’ expectations of $8.41 billion. During the same quarter in the prior year, the company earned $0.63 earnings per share. The business’s revenue for the quarter was up 21.9% compared to the same quarter last year. On average, equities analysts anticipate that World Fuel Services Corporation will post $2.28 earnings per share for the current fiscal year.

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In other World Fuel Services Corporation 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 value of $231,119.00. Following the sale, the senior vice president now directly owns 16,946 shares in the company, 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 completion of the sale, the executive vice president now owns 42,302 shares in the company, valued at $1,480,570. The disclosure for this sale can be found here. Corporate insiders own 2.30% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the company. Acrospire Investment Management LLC boosted its stake 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 valued at $115,000 after buying an additional 1,700 shares in the last quarter. Victory Capital Management Inc. bought a new stake in World Fuel Services Corporation during the first quarter valued at $117,000. Nomura Asset Management Co. Ltd. boosted its stake 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 valued at $132,000 after buying an additional 530 shares during the period. US Bancorp DE boosted its stake 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 valued at $161,000 after buying an additional 1,243 shares during the period. Finally, Weaver C. Barksdale & Associates Inc. boosted its stake in 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 during the period. Institutional investors and hedge funds own 91.80% of the company’s stock.

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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