World Fuel Services Corporation (NYSE:INT) was upgraded by BidaskClub from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

INT has been the subject of a number of other reports. Zacks Investment Research downgraded World Fuel Services Corporation from a “hold” rating to a “sell” rating in a report on Monday, July 31st. TheStreet downgraded World Fuel Services Corporation from a “b” rating to a “c” rating in a report on Friday, May 5th.

World Fuel Services Corporation (INT) traded up 0.50% on Thursday, reaching $34.25. 40,698 shares of the company’s stock were exchanged. The company has a 50 day moving average price of $37.16 and a 200-day moving average price of $37.71. The company has a market capitalization of $2.35 billion, a PE ratio of 22.43 and a beta of 0.93. 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 issued its quarterly earnings results on Thursday, July 27th. The oil and gas company reported $0.50 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.56 by $0.06. World Fuel Services Corporation had a net margin of 0.34% and a return on equity of 5.60%. The firm had revenue of $8.09 billion during the quarter, compared to the consensus estimate of $8.41 billion. During the same quarter last year, the firm posted $0.63 earnings per share. World Fuel Services Corporation’s revenue was up 21.9% compared to the same quarter last year. On average, equities research analysts anticipate that World Fuel Services Corporation will post $2.28 earnings per share for the current year.

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In related news, Director Ken Bakshi sold 3,049 shares of the company’s stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $38.05, for a total transaction of $116,014.45. Following the completion of the transaction, the director now directly owns 35,726 shares in the company, valued at approximately $1,359,374.30. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Carlos M. Velazquez sold 1,286 shares of the company’s stock in a transaction on Friday, May 12th. The stock was sold at an average price of $37.65, for a total value of $48,417.90. Following the transaction, the senior vice president now owns 20,432 shares of the company’s stock, valued at $769,264.80. The disclosure for this sale can be found here. 2.30% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in INT. Victory Capital Management Inc. acquired a new position in World Fuel Services Corporation during the first quarter valued at about $117,000. Nomura Asset Management Co. Ltd. boosted its position 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 last quarter. Weaver C. Barksdale & Associates Inc. boosted its position 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 last quarter. US Bancorp DE boosted its position 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 last quarter. Finally, Salem Investment Counselors Inc. acquired a new position in World Fuel Services Corporation during the first quarter valued at about $180,000. 91.24% of the stock is owned by institutional investors.

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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