Alliancebernstein L.P. lifted its stake in shares of World Fuel Services Corporation (NYSE:INT) by 65.9% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 78,210 shares of the oil and gas company’s stock after purchasing an additional 31,060 shares during the period. Alliancebernstein L.P. owned approximately 0.11% of World Fuel Services Corporation worth $3,007,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in INT. US Bancorp DE raised its position in shares of World Fuel Services Corporation by 38.8% during the first quarter. US Bancorp DE now owns 4,448 shares of the oil and gas company’s stock worth $161,000 after purchasing an additional 1,243 shares during the period. Sei Investments Co. raised its position in shares of World Fuel Services Corporation by 36.6% during the first quarter. Sei Investments Co. now owns 10,678 shares of the oil and gas company’s stock worth $387,000 after purchasing an additional 2,862 shares during the period. JPMorgan Chase & Co. raised its position in shares of World Fuel Services Corporation by 3.3% during the first quarter. JPMorgan Chase & Co. now owns 448,030 shares of the oil and gas company’s stock worth $16,242,000 after purchasing an additional 14,303 shares during the period. Clinton Group Inc. acquired a new stake in shares of World Fuel Services Corporation during the first quarter worth $252,000. Finally, Victory Capital Management Inc. acquired a new stake in shares of World Fuel Services Corporation during the first quarter worth $117,000. 89.66% of the stock is currently owned by institutional investors.

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World Fuel Services Corporation (NYSE:INT) opened at 35.64 on Wednesday. The stock has a market cap of $2.44 billion, a P/E ratio of 23.34 and a beta of 0.95. World Fuel Services Corporation has a 52 week low of $32.28 and a 52 week high of $47.49. The firm has a 50-day moving average price of $35.07 and a 200-day moving average price of $36.09.

World Fuel Services Corporation (NYSE:INT) last released 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 Thomson Reuters’ 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 analyst estimates of $8.41 billion. During the same period in the prior year, the business earned $0.63 EPS. The business’s revenue for the quarter was up 21.9% compared to the same quarter last year. On average, equities research analysts predict that World Fuel Services Corporation will post $2.26 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, November 6th. Shareholders of record on Monday, October 16th will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.67%. The ex-dividend date is Friday, October 13th. World Fuel Services Corporation’s dividend payout ratio is 15.69%.

World Fuel Services Corporation declared that its Board of Directors has authorized a stock buyback plan on Wednesday, October 4th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the oil and gas company to buy shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

In other 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 value of $231,119.00. Following the completion of the transaction, the senior vice president now owns 16,946 shares in the company, valued at approximately $571,758.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available 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 shares were sold at an average price of $35.00, for a total value of $52,500.00. Following the completion of the transaction, the executive vice president now owns 42,302 shares of the company’s stock, valued at approximately $1,480,570. The disclosure for this sale can be found here. Company insiders own 2.30% of the company’s stock.

INT has been the topic of a number of research analyst reports. BidaskClub upgraded World Fuel Services Corporation from a “sell” rating to a “hold” rating in a report on Saturday, August 26th. Bank of America Corporation downgraded World Fuel Services Corporation from a “neutral” rating to an “underperform” rating and lowered their price target for the company from $41.00 to $36.00 in a report on Tuesday, September 26th. Finally, Zacks Investment Research downgraded World Fuel Services Corporation from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $42.00.

About World Fuel Services Corporation

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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