Metropolitan Life Insurance Co. NY decreased its stake in shares of World Fuel Services Corporation (NYSE:INT) by 1.0% during the first quarter, Holdings Channel reports. The fund owned 65,151 shares of the oil and gas company’s stock after selling 648 shares during the period. Metropolitan Life Insurance Co. NY’s holdings in World Fuel Services Corporation were worth $2,362,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. World Asset Management Inc boosted its position in 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 valued at $246,000 after buying an additional 25 shares during the last quarter. Mason Street Advisors LLC boosted its position in 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 valued at $1,198,000 after buying an additional 151 shares during the last quarter. Advantus Capital Management Inc boosted its position in 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 valued at $325,000 after buying an additional 197 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its position in World Fuel Services Corporation by 1.2% in the first quarter. Oregon Public Employees Retirement Fund now owns 24,895 shares of the oil and gas company’s stock valued at $902,000 after buying an additional 300 shares during the last quarter. Finally, Louisiana State Employees Retirement System boosted its position in World Fuel Services Corporation by 1.7% in the first quarter. Louisiana State Employees Retirement System now owns 17,700 shares of the oil and gas company’s stock valued at $642,000 after buying an additional 300 shares during the last quarter. 91.50% of the stock is owned by institutional investors.

World Fuel Services Corporation (NYSE INT) opened at 38.91 on Tuesday. The company’s 50-day moving average is $36.49 and its 200 day moving average is $39.33. World Fuel Services Corporation has a 1-year low of $34.64 and a 1-year high of $48.57. The stock has a market capitalization of $2.69 billion, a PE ratio of 25.63 and a beta of 0.97.

World Fuel Services Corporation (NYSE:INT) last issued its quarterly earnings results on Thursday, April 27th. The oil and gas company reported $0.45 EPS for the quarter, missing the consensus estimate of $0.52 by $0.07. The company had revenue of $8.19 billion during the quarter, compared to analysts’ expectations of $7.83 billion. World Fuel Services Corporation had a return on equity of 5.41% and a net margin of 0.35%. World Fuel Services Corporation’s revenue was up 57.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.77 EPS. Equities analysts predict that World Fuel Services Corporation will post $2.60 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, July 7th. Investors of record on Friday, June 9th were issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.62%. The ex-dividend date was Wednesday, June 7th. World Fuel Services Corporation’s payout ratio is presently 15.79%.

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Several equities analysts recently weighed in on the stock. BidaskClub raised shares of World Fuel Services Corporation from a “hold” rating to a “buy” rating in a research note on Sunday. TheStreet cut shares of World Fuel Services Corporation from a “b” rating to a “c” rating in a research note 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 note on Tuesday, June 27th.

In related news, SVP Carlos M. Velazquez sold 1,286 shares of the business’s stock in a transaction on Friday, May 12th. The shares were sold at an average price of $37.65, for a total value of $48,417.90. Following the completion of the sale, the senior vice president now owns 20,432 shares of the company’s stock, valued at approximately $769,264.80. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Myles Klein sold 13,000 shares of the business’s stock in a transaction on Thursday, May 4th. The stock was sold at an average price of $36.53, for a total transaction of $474,890.00. The disclosure for this sale can be found here. In the last three months, insiders sold 21,335 shares of company stock valued at $788,467. 2.30% of the stock is owned by 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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Institutional Ownership by Quarter for World Fuel Services Corporation (NYSE:INT)

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