World Fuel Services Corporation (INT) Shares Sold by Pacad Investment Ltd.

Pacad Investment Ltd. trimmed its holdings in World Fuel Services Corporation (NYSE:INT) by 59.4% in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 5,400 shares of the oil and gas company’s stock after selling 7,900 shares during the quarter. Pacad Investment Ltd.’s holdings in World Fuel Services Corporation were worth $208,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. World Asset Management Inc increased its holdings in World Fuel Services Corporation by 0.4% in the 1st 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 in the last quarter. Teacher Retirement System of Texas increased its holdings in World Fuel Services Corporation by 0.9% in the 2nd quarter. Teacher Retirement System of Texas now owns 5,645 shares of the oil and gas company’s stock worth $217,000 after buying an additional 49 shares in the last quarter. State Treasurer State of Michigan increased its holdings in World Fuel Services Corporation by 0.4% in the 2nd 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 in the last quarter. Mason Street Advisors LLC increased its holdings in World Fuel Services Corporation by 0.5% in the 1st 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 in the last quarter. Finally, Northwest Investment Counselors LLC increased its holdings in World Fuel Services Corporation by 1.0% in the 2nd 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 in the last quarter. Institutional investors own 89.67% of the company’s stock.

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INT has been the subject of several research analyst reports. Zacks Investment Research upgraded World Fuel Services Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, June 6th. BidaskClub upgraded World Fuel Services Corporation from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 27th.

Shares of World Fuel Services Corporation (INT) opened at 35.86 on Wednesday. The firm’s 50 day moving average price is $34.55 and its 200-day moving average price is $36.20. The company has a market capitalization of $2.46 billion, a P/E ratio of 23.48 and a beta of 0.94. World Fuel Services Corporation has a 1-year low of $32.28 and a 1-year high of $47.49.

World Fuel Services Corporation (NYSE:INT) last announced its quarterly earnings data 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 firm had revenue of $8.09 billion during the quarter, compared to analysts’ expectations of $8.41 billion. During the same quarter in the previous year, the business earned $0.63 earnings per share. The company’s revenue for the quarter was up 21.9% compared to the same quarter last year. Analysts expect that World Fuel Services Corporation will post $2.28 EPS for the current year.

In related news, SVP Carlos M. Velazquez sold 6,850 shares of the firm’s stock in a transaction dated Friday, August 11th. The stock was sold at an average price of $33.74, for a total transaction of $231,119.00. Following the sale, the senior vice president now directly owns 16,946 shares of the company’s stock, valued at $571,758.04. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Robert Alexander Lake sold 1,500 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $35.00, for a total value of $52,500.00. Following the sale, the executive vice president now directly owns 42,302 shares in the company, valued at $1,480,570. The disclosure for this sale can be found here. 2.30% of the stock is owned by company 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.

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

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