Riverhead Capital Management LLC increased its holdings in shares of World Fuel Services Corporation (NYSE:INT) by 7.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,722 shares of the oil and gas company’s stock after buying an additional 2,099 shares during the quarter. Riverhead Capital Management LLC’s holdings in World Fuel Services Corporation were worth $1,143,000 as of its most recent filing with the Securities and Exchange Commission.

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

World Fuel Services Corporation (NYSE INT) opened at 35.99 on Friday. The stock’s 50 day moving average price is $34.13 and its 200-day moving average price is $36.19. World Fuel Services Corporation has a one year low of $32.28 and a one year high of $47.49. The stock has a market cap of $2.46 billion, a P/E ratio of 23.57 and a beta of 0.94.

World Fuel Services Corporation (NYSE:INT) last released its quarterly earnings data on Thursday, July 27th. The oil and gas company reported $0.50 EPS 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 in the prior year, the company earned $0.63 EPS. World Fuel Services Corporation’s quarterly revenue was up 21.9% on a year-over-year basis. On average, analysts predict that World Fuel Services Corporation will post $2.28 earnings per share for the current year.

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

INT has been the topic of a number of research analyst reports. BidaskClub upgraded World Fuel Services Corporation from a “hold” rating to a “buy” rating in a report on Sunday, July 16th. Zacks Investment Research upgraded World Fuel Services Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, June 27th.

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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