HGK Asset Management Inc. Lowers Stake in World Fuel Services Corporation (INT)

HGK Asset Management Inc. cut its position in shares of World Fuel Services Corporation (NYSE:INT) by 3.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,354 shares of the oil and gas company’s stock after selling 510 shares during the period. HGK Asset Management Inc.’s holdings in World Fuel Services Corporation were worth $552,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Victory Capital Management Inc. bought a new stake in shares of World Fuel Services Corporation during the first quarter valued at approximately $117,000. Nomura Asset Management Co. Ltd. increased its position in shares of World Fuel Services Corporation by 17.0% during the first quarter. Nomura Asset Management Co. Ltd. now owns 3,640 shares of the oil and gas company’s stock valued at $132,000 after purchasing an additional 530 shares during the period. US Bancorp DE increased its position in shares of World Fuel Services Corporation by 38.8% during the first quarter. US Bancorp DE now owns 4,448 shares of the oil and gas company’s stock valued at $161,000 after purchasing an additional 1,243 shares during the period. Weaver C. Barksdale & Associates Inc. increased its position in shares of World Fuel Services Corporation by 15.3% during the second quarter. Weaver C. Barksdale & Associates Inc. now owns 4,413 shares of the oil and gas company’s stock valued at $170,000 after purchasing an additional 586 shares during the period. Finally, Salem Investment Counselors Inc. bought a new stake in shares of World Fuel Services Corporation during the first quarter valued at approximately $180,000. Institutional investors and hedge funds own 89.67% of the company’s stock.

World Fuel Services Corporation (INT) traded up 0.68% during mid-day trading on Tuesday, hitting $35.68. The stock had a trading volume of 17,476 shares. The firm has a market capitalization of $2.44 billion, a price-to-earnings ratio of 23.37 and a beta of 0.94. The stock’s 50 day moving average price is $34.52 and its 200 day moving average price is $36.21. World Fuel Services Corporation has a one year low of $32.28 and a one year high of $47.49.

World Fuel Services Corporation (NYSE:INT) last posted its quarterly earnings data on Thursday, July 27th. The oil and gas company reported $0.50 EPS for the quarter, missing the Zacks’ 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 company had revenue of $8.09 billion for the quarter, compared to the consensus estimate of $8.41 billion. During the same quarter last year, the business earned $0.63 EPS. World Fuel Services Corporation’s revenue was up 21.9% on a year-over-year basis. Analysts forecast that World Fuel Services Corporation will post $2.28 EPS for the current year.

INT has been the topic of a number of research reports. BidaskClub upgraded World Fuel Services Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, July 6th. Zacks Investment Research upgraded World Fuel Services Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, June 6th.

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

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World Fuel Services Corporation 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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