Zurcher Kantonalbank Zurich Cantonalbank trimmed its position in World Fuel Services Corporation (NYSE:INT) by 73.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,793 shares of the oil and gas company’s stock after selling 7,809 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in World Fuel Services Corporation were worth $107,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. World Asset Management Inc boosted its holdings in World Fuel Services Corporation by 0.4% in the 1st quarter. World Asset Management Inc now owns 6,793 shares of the oil and gas company’s stock valued at $246,000 after purchasing an additional 25 shares during the period. Teacher Retirement System of Texas boosted its holdings in World Fuel Services Corporation by 0.9% in the 2nd quarter. Teacher Retirement System of Texas now owns 5,645 shares of the oil and gas company’s stock valued at $217,000 after purchasing an additional 49 shares during the period. State Treasurer State of Michigan boosted its holdings in World Fuel Services Corporation by 0.4% in the 2nd quarter. State Treasurer State of Michigan now owns 28,500 shares of the oil and gas company’s stock valued at $1,096,000 after purchasing an additional 100 shares during the period. Mason Street Advisors LLC boosted its holdings in World Fuel Services Corporation by 0.5% in the 1st quarter. Mason Street Advisors LLC now owns 33,037 shares of the oil and gas company’s stock valued at $1,198,000 after purchasing an additional 151 shares during the period. Finally, Northwest Investment Counselors LLC boosted its holdings in World Fuel Services Corporation by 1.0% in the 2nd quarter. Northwest Investment Counselors LLC now owns 15,615 shares of the oil and gas company’s stock valued at $600,000 after purchasing an additional 153 shares during the period. 89.66% of the stock is owned by hedge funds and other institutional investors.

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World Fuel Services Corporation (NYSE INT) opened at 36.62 on Monday. World Fuel Services Corporation has a one year low of $32.28 and a one year high of $47.49. The firm has a 50-day moving average of $34.29 and a 200 day moving average of $36.18. The company has a market capitalization of $2.51 billion, a P/E ratio of 23.98 and a beta of 0.94.

World Fuel Services Corporation (NYSE:INT) last announced its quarterly earnings data on Thursday, July 27th. The oil and gas company reported $0.50 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.56 by ($0.06). The firm had revenue of $8.09 billion during 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 business’s revenue for the quarter was up 21.9% on a year-over-year basis. During the same period last year, the company earned $0.63 earnings per share. On average, equities analysts forecast that World Fuel Services Corporation will post $2.28 EPS for the current fiscal year.

Several brokerages have commented on INT. BidaskClub downgraded shares of World Fuel Services Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Zacks Investment Research raised shares of World Fuel Services Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, June 27th.

In other news, EVP Robert Alexander Lake sold 1,500 shares of the stock in a transaction 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 completion of the sale, the executive vice president now directly 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 is accessible through the SEC website. Also, SVP Carlos M. Velazquez sold 6,850 shares of the stock in a transaction on Friday, August 11th. The stock was 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 of the company’s stock, valued at $571,758.04. The disclosure for this sale can be found here. Corporate 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.

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

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