Hillsdale Investment Management Inc. lessened its stake in shares of World Fuel Services Corp (NYSE:INT) by 6.5% in the second quarter, according to its most recent filing with the SEC. The fund owned 95,700 shares of the oil and gas company’s stock after selling 6,700 shares during the period. Hillsdale Investment Management Inc. owned about 0.15% of World Fuel Services worth $3,441,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Financial Gravity Wealth Inc. lifted its holdings in shares of World Fuel Services by 269.0% in the second quarter. Financial Gravity Wealth Inc. now owns 1,871 shares of the oil and gas company’s stock valued at $67,000 after purchasing an additional 1,364 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of World Fuel Services in the first quarter valued at $209,000. Campbell & CO Investment Adviser LLC purchased a new stake in shares of World Fuel Services in the first quarter valued at $216,000. Envestnet Asset Management Inc. purchased a new stake in shares of World Fuel Services in the second quarter valued at $218,000. Finally, Investors Research Corp purchased a new stake in shares of World Fuel Services in the first quarter valued at $233,000. Institutional investors own 94.79% of the company’s stock.

Shares of NYSE:INT traded up $1.37 during midday trading on Friday, hitting $37.60. 340,800 shares of the stock were exchanged, compared to its average volume of 555,579. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.16 and a current ratio of 1.35. World Fuel Services Corp has a 52-week low of $19.81 and a 52-week high of $39.92. The business’s fifty day simple moving average is $36.85 and its two-hundred day simple moving average is $31.52. The company has a market capitalization of $2.42 billion, a PE ratio of 17.82, a P/E/G ratio of 3.17 and a beta of 1.17.

World Fuel Services (NYSE:INT) last announced its quarterly earnings data on Thursday, July 25th. The oil and gas company reported $0.58 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.04. World Fuel Services had a return on equity of 8.76% and a net margin of 0.38%. The business had revenue of $9.46 billion during the quarter, compared to analyst estimates of $9.77 billion. During the same period last year, the company earned $0.47 earnings per share. World Fuel Services’s quarterly revenue was down 6.8% compared to the same quarter last year. As a group, equities analysts anticipate that World Fuel Services Corp will post 2.34 EPS for the current year.

A number of analysts have recently issued reports on the company. TheStreet upgraded World Fuel Services from a “c+” rating to a “b-” rating in a report on Tuesday, July 16th. Stifel Nicolaus increased their target price on World Fuel Services from $40.00 to $43.00 and gave the company a “buy” rating in a report on Friday, July 26th. Zacks Investment Research upgraded World Fuel Services from a “hold” rating to a “strong-buy” rating and set a $42.00 price objective for the company in a report on Wednesday, July 3rd. Finally, ValuEngine lowered World Fuel Services from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. One equities research analyst has rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $41.67.

In related news, EVP Robert Alexander Lake sold 1,500 shares of the stock in a transaction on Friday, June 7th. The stock was sold at an average price of $32.91, for a total transaction of $49,365.00. Following the completion of the sale, the executive vice president now directly owns 59,122 shares in the company, valued at $1,945,705.02. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Over the last quarter, insiders have sold 9,000 shares of company stock valued at $332,415. 2.40% of the stock is owned by corporate insiders.

World Fuel Services Profile

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 supplies fuel, and related products and services to commercial airlines, second and third tier airlines, cargo carriers, regional and low-cost carriers, airports, fixed based operators, corporate fleets, fractional operators, private aircraft, military fleets, the U.S.

See Also: Fundamental Analysis

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

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