Northpointe Capital LLC Has $4.69 Million Position in World Fuel Services Corporation (INT)

Northpointe Capital LLC raised its position in shares of World Fuel Services Corporation (NYSE:INT) by 45.6% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 122,025 shares of the oil and gas company’s stock after buying an additional 38,190 shares during the period. Northpointe Capital LLC owned 0.18% of World Fuel Services Corporation worth $4,692,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Bank of Montreal Can boosted its position in shares of World Fuel Services Corporation by 12.6% in the first quarter. Bank of Montreal Can now owns 109,767 shares of the oil and gas company’s stock worth $3,979,000 after buying an additional 12,274 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of World Fuel Services Corporation by 3.3% in the first quarter. JPMorgan Chase & Co. now owns 448,030 shares of the oil and gas company’s stock worth $16,242,000 after buying an additional 14,303 shares in the last quarter. Credit Agricole S A boosted its position in shares of World Fuel Services Corporation by 199.4% in the first quarter. Credit Agricole S A now owns 9,164 shares of the oil and gas company’s stock worth $332,000 after buying an additional 6,103 shares in the last quarter. Trexquant Investment LP acquired a new position in shares of World Fuel Services Corporation during the first quarter worth about $807,000. Finally, TLP Group LLC acquired a new position in shares of World Fuel Services Corporation during the first quarter worth about $329,000. Hedge funds and other institutional investors own 91.80% of the company’s stock.

World Fuel Services Corporation (NYSE INT) opened at 33.36 on Wednesday. World Fuel Services Corporation has a one year low of $32.28 and a one year high of $47.49. The stock’s 50 day moving average is $36.86 and its 200-day moving average is $37.34. The firm has a market capitalization of $2.28 billion, a PE ratio of 21.85 and a beta of 0.93.

World Fuel Services Corporation (NYSE:INT) last issued 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. The business had revenue of $8.09 billion during the quarter, compared to the consensus estimate of $8.41 billion. World Fuel Services Corporation had a return on equity of 5.60% and a net margin of 0.34%. The firm’s revenue was up 21.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.63 earnings per share. On average, analysts anticipate that World Fuel Services Corporation will post $2.28 EPS for the current fiscal year.

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A number of research analysts have recently issued reports on INT shares. Zacks Investment Research cut shares of World Fuel Services Corporation from a “hold” rating to a “sell” rating in a report on Monday, July 31st. BidaskClub cut shares of World Fuel Services Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Finally, TheStreet cut shares of World Fuel Services Corporation from a “b” rating to a “c” rating in a report on Friday, May 5th.

In other World Fuel Services Corporation news, EVP Robert Alexander Lake sold 1,500 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $35.00, for a total transaction of $52,500.00. Following the completion of the sale, the executive vice president now directly owns 42,302 shares in the company, valued at approximately $1,480,570. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Carlos M. Velazquez sold 6,850 shares of the firm’s stock in a transaction dated Friday, August 11th. The shares were sold at an average price of $33.74, for a total transaction of $231,119.00. Following the sale, the senior vice president now owns 16,946 shares of the company’s stock, valued at $571,758.04. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by company insiders.

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.

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

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