Meeder Asset Management Inc. Purchases Shares of 11,244 World Fuel Services Corporation (NYSE:INT)

Meeder Asset Management Inc. bought a new stake in shares of World Fuel Services Corporation (NYSE:INT) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 11,244 shares of the oil and gas company’s stock, valued at approximately $432,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in INT. BlackRock Inc. boosted its position in World Fuel Services Corporation by 5,327.4% in the first quarter. BlackRock Inc. now owns 5,998,492 shares of the oil and gas company’s stock worth $217,445,000 after buying an additional 5,887,970 shares during the period. Vanguard Group Inc. boosted its position in World Fuel Services Corporation by 1.0% in the first quarter. Vanguard Group Inc. now owns 5,809,270 shares of the oil and gas company’s stock worth $210,586,000 after buying an additional 57,993 shares during the period. Artisan Partners Limited Partnership purchased a new position in World Fuel Services Corporation during the first quarter worth about $97,794,000. State Street Corp boosted its position in World Fuel Services Corporation by 5.3% in the first quarter. State Street Corp now owns 2,512,356 shares of the oil and gas company’s stock worth $91,080,000 after buying an additional 125,600 shares during the period. Finally, Cooke & Bieler LP boosted its position in World Fuel Services Corporation by 2.4% in the first quarter. Cooke & Bieler LP now owns 2,459,844 shares of the oil and gas company’s stock worth $89,169,000 after buying an additional 58,528 shares during the period. Hedge funds and other institutional investors own 91.80% of the company’s stock.

Shares of World Fuel Services Corporation (NYSE:INT) traded down 0.51% during mid-day trading on Wednesday, hitting $33.19. 239,167 shares of the company were exchanged. The company’s 50-day moving average price is $36.86 and its 200-day moving average price is $37.34. World Fuel Services Corporation has a 12-month low of $32.28 and a 12-month high of $47.49. The firm has a market capitalization of $2.27 billion, a P/E ratio of 21.74 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. The business had revenue of $8.09 billion for the quarter, compared to the consensus estimate of $8.41 billion. World Fuel Services Corporation had a net margin of 0.34% and a return on equity of 5.60%. World Fuel Services Corporation’s revenue was up 21.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.63 EPS. Equities research analysts predict that World Fuel Services Corporation will post $2.28 earnings per share for the current fiscal year.

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A number of research firms have recently issued reports on INT. BidaskClub cut shares of World Fuel Services Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, August 3rd. 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. Finally, TheStreet lowered shares of World Fuel Services Corporation from a “b” rating to a “c” rating in a report on Friday, May 5th.

In other news, SVP Carlos M. Velazquez sold 6,850 shares of the firm’s stock in a transaction on Friday, August 11th. The shares were sold at an average price of $33.74, for a total transaction of $231,119.00. Following the completion of the transaction, the senior vice president now owns 16,946 shares of the company’s stock, valued at $571,758.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Robert Alexander Lake sold 1,500 shares of the 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 sale, 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. 2.30% of the stock is currently owned by company insiders.

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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