BB&T Securities LLC reduced its stake in World Fuel Services Corporation (NYSE:INT) by 31.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,700 shares of the oil and gas company’s stock after selling 8,422 shares during the period. BB&T Securities LLC’s holdings in World Fuel Services Corporation were worth $719,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in INT. Swiss National Bank raised its position in shares of World Fuel Services Corporation by 1.0% in the first quarter. Swiss National Bank now owns 116,100 shares of the oil and gas company’s stock valued at $4,209,000 after buying an additional 1,100 shares during the period. Comerica Bank raised its position in shares of World Fuel Services Corporation by 3.3% in the first quarter. Comerica Bank now owns 60,125 shares of the oil and gas company’s stock valued at $2,212,000 after buying an additional 1,906 shares during the period. Suntrust Banks Inc. raised its position in shares of World Fuel Services Corporation by 9.1% in the first quarter. Suntrust Banks Inc. now owns 48,779 shares of the oil and gas company’s stock valued at $1,767,000 after buying an additional 4,057 shares during the period. US Bancorp DE raised its position in shares of 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 period. Finally, Boston Partners raised its position in shares of World Fuel Services Corporation by 25.1% in the first quarter. Boston Partners now owns 2,343,605 shares of the oil and gas company’s stock valued at $84,955,000 after buying an additional 470,306 shares during the period. Institutional investors own 89.67% of the company’s stock.

Shares of World Fuel Services Corporation (NYSE:INT) opened at 34.22 on Thursday. World Fuel Services Corporation has a 52-week low of $32.28 and a 52-week high of $47.49. The stock has a market capitalization of $2.34 billion, a price-to-earnings ratio of 22.41 and a beta of 0.93. The firm’s 50-day moving average is $35.82 and its 200 day moving average is $36.79.

World Fuel Services Corporation (NYSE:INT) last announced its earnings results on Thursday, July 27th. The oil and gas company reported $0.50 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by $0.06. The company had revenue of $8.09 billion for the quarter, compared to analysts’ expectations of $8.41 billion. World Fuel Services Corporation had a return on equity of 5.60% and a net margin of 0.34%. The company’s quarterly revenue was up 21.9% compared to the same quarter last year. During the same period last year, the business earned $0.63 EPS. Equities analysts expect that World Fuel Services Corporation will post $2.28 EPS for the current year.

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INT has been the subject of several analyst reports. BidaskClub lowered shares of World Fuel Services Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. TheStreet lowered shares of World Fuel Services Corporation from a “b” rating to a “c” rating in a research report on Friday, May 5th. Finally, Zacks Investment Research upgraded shares of World Fuel Services Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, June 27th.

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

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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