New York State Teachers Retirement System reduced its stake in World Fuel Services Corp (NYSE:INT) by 7.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 125,780 shares of the oil and gas company’s stock after selling 9,700 shares during the period. New York State Teachers Retirement System owned about 0.19% of World Fuel Services worth $2,567,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the business. Millennium Management LLC boosted its holdings in shares of World Fuel Services by 333.3% in the 4th quarter. Millennium Management LLC now owns 122,264 shares of the oil and gas company’s stock valued at $3,441,000 after purchasing an additional 94,044 shares during the last quarter. Rhumbline Advisers boosted its holdings in shares of World Fuel Services by 23.1% in the 1st quarter. Rhumbline Advisers now owns 150,466 shares of the oil and gas company’s stock valued at $3,694,000 after purchasing an additional 28,269 shares during the last quarter. SG Americas Securities LLC boosted its holdings in shares of World Fuel Services by 195.8% in the 1st quarter. SG Americas Securities LLC now owns 147,845 shares of the oil and gas company’s stock valued at $3,630,000 after purchasing an additional 97,864 shares during the last quarter. Mackay Shields LLC acquired a new position in shares of World Fuel Services in the 1st quarter valued at $3,788,000. Finally, Meeder Asset Management Inc. boosted its holdings in shares of World Fuel Services by 191.9% in the 1st quarter. Meeder Asset Management Inc. now owns 33,984 shares of the oil and gas company’s stock valued at $834,000 after purchasing an additional 22,343 shares during the last quarter. 95.15% of the stock is currently owned by institutional investors and hedge funds.

NYSE:INT opened at $25.80 on Friday. The company has a current ratio of 1.35, a quick ratio of 1.17 and a debt-to-equity ratio of 0.41. The firm has a market cap of $1.80 billion, a P/E ratio of 13.87, a price-to-earnings-growth ratio of 2.64 and a beta of 1.17. World Fuel Services Corp has a twelve month low of $19.78 and a twelve month high of $37.01.

World Fuel Services (NYSE:INT) last posted its earnings results on Thursday, July 26th. The oil and gas company reported $0.47 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.02. The business had revenue of $10.15 billion for the quarter, compared to analyst estimates of $9.49 billion. World Fuel Services had a negative net margin of 0.47% and a positive return on equity of 6.90%. The business’s quarterly revenue was up 25.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.50 EPS. sell-side analysts forecast that World Fuel Services Corp will post 2 EPS for the current year.

Several equities analysts recently weighed in on INT shares. ValuEngine lowered shares of World Fuel Services from a “hold” rating to a “sell” rating in a report on Wednesday, May 2nd. Zacks Investment Research upgraded shares of World Fuel Services from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 1st. Finally, Bank of America reduced their target price on shares of World Fuel Services from $25.00 to $24.00 and set an “underperform” rating on the stock in a report on Friday, July 27th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $31.67.

In other World Fuel Services news, Director Jorge L. Benitez bought 5,000 shares of World Fuel Services stock in a transaction that occurred on Wednesday, May 23rd. The shares were acquired at an average price of $21.58 per share, for a total transaction of $107,900.00. Following the acquisition, the director now owns 50,072 shares of the company’s stock, valued at approximately $1,080,553.76. The acquisition was disclosed in a filing with the SEC, which is available at this link. Insiders own 2.20% of the company’s stock.

About World Fuel Services

World Fuel Services Corporation engages in the distribution of fuel, and related products and services in the aviation, marine, and land transportation industries worldwide. Its Aviation segment offers fuel management; price risk management; ground handling; dispatch; and international trip planning services, such as flight plans, weather reports, and overflight permits.

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Institutional Ownership by Quarter for World Fuel Services (NYSE:INT)

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