Engineers Gate Manager LP Cuts Position in World Fuel Services Corporation (INT)

Engineers Gate Manager LP reduced its stake in shares of World Fuel Services Corporation (NYSE:INT) by 22.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 60,980 shares of the oil and gas company’s stock after selling 17,664 shares during the period. Engineers Gate Manager LP owned 0.09% of World Fuel Services Corporation worth $2,345,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. BlackRock Inc. raised its position in shares of World Fuel Services Corporation by 5,327.4% during the 1st quarter. BlackRock Inc. now owns 5,998,492 shares of the oil and gas company’s stock worth $217,445,000 after purchasing an additional 5,887,970 shares during the last quarter. Vanguard Group Inc. raised its position in shares of World Fuel Services Corporation by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 5,809,270 shares of the oil and gas company’s stock worth $210,586,000 after purchasing an additional 57,993 shares during the last quarter. Artisan Partners Limited Partnership acquired a new position in shares of World Fuel Services Corporation during the 1st quarter worth approximately $97,794,000. State Street Corp raised its position in shares of World Fuel Services Corporation by 5.3% during the 1st quarter. State Street Corp now owns 2,512,356 shares of the oil and gas company’s stock worth $91,080,000 after purchasing an additional 125,600 shares during the last quarter. Finally, Boston Partners raised its position in shares of World Fuel Services Corporation by 7.1% during the 2nd quarter. Boston Partners now owns 2,509,380 shares of the oil and gas company’s stock worth $96,485,000 after purchasing an additional 165,775 shares during the last quarter. Hedge funds and other institutional investors own 89.67% of the company’s stock.

World Fuel Services Corporation (NYSE INT) opened at 34.61 on Friday. The company’s 50 day moving average price is $34.65 and its 200 day moving average price is $36.23. The firm has a market capitalization of $2.37 billion, a P/E ratio of 22.67 and a beta of 0.94. World Fuel Services Corporation has a 12 month low of $32.28 and a 12 month high of $47.49.

World Fuel Services Corporation (NYSE:INT) last posted 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 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 company had revenue of $8.09 billion during the quarter, compared to analyst estimates of $8.41 billion. During the same quarter in the prior year, the business earned $0.63 earnings per share. The business’s revenue for the quarter was up 21.9% on a year-over-year basis. Analysts anticipate that World Fuel Services Corporation will post $2.28 EPS for the current year.

In other news, EVP Robert Alexander Lake sold 1,500 shares of the business’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $35.00, for a total value 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 sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Carlos M. Velazquez sold 6,850 shares of the business’s stock in a transaction on Friday, August 11th. The stock was 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 approximately $571,758.04. The disclosure for this sale can be found here. Insiders own 2.30% of the company’s stock.

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INT has been the subject of several research reports. Zacks Investment Research downgraded World Fuel Services Corporation from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. BidaskClub upgraded World Fuel Services Corporation from a “sell” rating to a “hold” rating in a research report on Saturday, August 26th.

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

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