Texas Permanent School Fund reduced its position in World Fuel Services Corporation (NYSE:INT) by 0.4% during the second quarter, Holdings Channel reports. The institutional investor owned 50,423 shares of the oil and gas company’s stock after selling 209 shares during the period. Texas Permanent School Fund’s holdings in World Fuel Services Corporation were worth $1,939,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Victory Capital Management Inc. bought a new stake in shares of World Fuel Services Corporation during the first quarter worth approximately $117,000. Nomura Asset Management Co. Ltd. boosted its stake in shares of 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 worth $132,000 after buying an additional 530 shares in the last quarter. US Bancorp DE boosted its stake 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 worth $161,000 after buying an additional 1,243 shares in the last quarter. Weaver C. Barksdale & Associates Inc. boosted its stake in shares of 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 worth $170,000 after buying an additional 586 shares in the last quarter. Finally, Salem Investment Counselors Inc. bought a new stake in shares of World Fuel Services Corporation during the first quarter worth approximately $180,000. 91.24% of the stock is currently owned by hedge funds and other institutional investors.

World Fuel Services Corporation (NYSE:INT) opened at 33.64 on Friday. World Fuel Services Corporation has a 52-week low of $32.28 and a 52-week high of $47.49. The company has a 50-day moving average price of $37.04 and a 200 day moving average price of $37.60. The company has a market capitalization of $2.30 billion, a PE ratio of 22.03 and a beta of 0.93.

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 return on equity of 5.60% and a net margin of 0.34%. The firm had revenue of $8.09 billion during the quarter, compared to analysts’ expectations of $8.41 billion. During the same period in the prior year, the firm posted $0.63 earnings per share. World Fuel Services Corporation’s revenue for the quarter was up 21.9% compared to the same quarter last year. Equities research analysts anticipate that World Fuel Services Corporation will post $2.28 earnings per share for the current year.

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A number of brokerages have recently commented on INT. BidaskClub cut World Fuel Services Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, August 3rd. Zacks Investment Research raised World Fuel Services Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, June 27th. Finally, TheStreet cut World Fuel Services Corporation from a “b” rating to a “c” rating in a research report on Friday, May 5th.

In related news, Director Ken Bakshi sold 3,049 shares of the business’s stock in a transaction on Tuesday, May 16th. The shares were 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 $1,359,374.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Robert Alexander Lake sold 1,500 shares of the business’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $35.00, for a total transaction of $52,500.00. Following the transaction, the executive vice president now owns 42,302 shares of the company’s stock, valued at $1,480,570. The disclosure for this sale can be found here. Insiders own 2.30% of the company’s stock.

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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