World Fuel Services Corporation (INT) Shares Bought by Northern Trust Corp

Northern Trust Corp increased its stake in World Fuel Services Corporation (NYSE:INT) by 22.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,107,042 shares of the oil and gas company’s stock after buying an additional 201,779 shares during the period. Northern Trust Corp owned about 1.62% of World Fuel Services Corporation worth $42,566,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Artisan Partners Limited Partnership increased its stake in shares of World Fuel Services Corporation by 13.2% in the second quarter. Artisan Partners Limited Partnership now owns 3,052,815 shares of the oil and gas company’s stock worth $117,381,000 after buying an additional 355,049 shares during the last quarter. Prudential Financial Inc. increased its stake in shares of World Fuel Services Corporation by 13.7% in the second quarter. Prudential Financial Inc. now owns 685,909 shares of the oil and gas company’s stock worth $26,374,000 after buying an additional 82,740 shares during the last quarter. Sei Investments Co. increased its stake in shares of World Fuel Services Corporation by 151.3% in the second quarter. Sei Investments Co. now owns 26,834 shares of the oil and gas company’s stock worth $1,032,000 after buying an additional 16,156 shares during the last quarter. JPMorgan Chase & Co. increased its stake 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 during the last quarter. Finally, Legal & General Group Plc increased its stake in shares of World Fuel Services Corporation by 3.6% in the second quarter. Legal & General Group Plc now owns 172,060 shares of the oil and gas company’s stock worth $6,615,000 after buying an additional 6,044 shares during the last quarter. Institutional investors and hedge funds own 89.66% of the company’s stock.

A number of brokerages recently issued reports on INT. BidaskClub lowered shares of World Fuel Services Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Bank of America Corporation lowered shares of World Fuel Services Corporation from a “neutral” rating to an “underperform” rating and dropped their price target for the stock from $41.00 to $36.00 in a research note on Tuesday, September 26th. Finally, Zacks Investment Research lowered shares of World Fuel Services Corporation from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $42.00.

In other news, SVP Carlos M. Velazquez sold 6,850 shares of the stock in a transaction that occurred 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Robert Alexander Lake sold 1,500 shares of the stock in a transaction that occurred 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 disclosure for this sale can be found here. 2.30% of the stock is currently owned by corporate insiders.

TRADEMARK VIOLATION NOTICE: This article was originally reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this article on another publication, it was illegally copied and reposted in violation of U.S. & international trademark & copyright law. The correct version of this article can be accessed at https://ledgergazette.com/2017/10/11/world-fuel-services-corporation-int-shares-bought-by-northern-trust-corp.html.

Shares of World Fuel Services Corporation (INT) opened at 35.64 on Wednesday. World Fuel Services Corporation has a 52 week low of $32.28 and a 52 week high of $47.49. The company has a 50 day moving average of $35.07 and a 200-day moving average of $36.09. The company has a market cap of $2.44 billion, a price-to-earnings ratio of 23.34 and a beta of 0.95.

World Fuel Services Corporation (NYSE:INT) last posted its quarterly earnings data on Thursday, July 27th. The oil and gas company reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.06). World Fuel Services Corporation had a net margin of 0.34% and a return on equity of 5.60%. The business had revenue of $8.09 billion during the quarter, compared to the consensus estimate of $8.41 billion. During the same period in the prior year, the company posted $0.63 earnings per share. The firm’s revenue was up 21.9% compared to the same quarter last year. On average, equities research analysts expect that World Fuel Services Corporation will post $2.26 earnings per share for the current fiscal year.

World Fuel Services Corporation announced that its board has authorized a stock repurchase plan on

Other large investors also recently modified their holdings of the company. Artisan Partners Limited Partnership increased its stake in shares of World Fuel Services Corporation by 13.2% in the second quarter. Artisan Partners Limited Partnership now owns 3,052,815 shares of the oil and gas company’s stock worth $117,381,000 after buying an additional 355,049 shares during the last quarter. Prudential Financial Inc. increased its stake in shares of World Fuel Services Corporation by 13.7% in the second quarter. Prudential Financial Inc. now owns 685,909 shares of the oil and gas company’s stock worth $26,374,000 after buying an additional 82,740 shares during the last quarter. Sei Investments Co. increased its stake in shares of World Fuel Services Corporation by 151.3% in the second quarter. Sei Investments Co. now owns 26,834 shares of the oil and gas company’s stock worth $1,032,000 after buying an additional 16,156 shares during the last quarter. JPMorgan Chase & Co. increased its stake 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 during the last quarter. Finally, Legal & General Group Plc increased its stake in shares of World Fuel Services Corporation by 3.6% in the second quarter. Legal & General Group Plc now owns 172,060 shares of the oil and gas company’s stock worth $6,615,000 after buying an additional 6,044 shares during the last quarter. Institutional investors and hedge funds own 89.66% of the company’s stock.

A number of brokerages recently issued reports on INT. BidaskClub lowered shares of World Fuel Services Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Bank of America Corporation lowered shares of World Fuel Services Corporation from a “neutral” rating to an “underperform” rating and dropped their price target for the stock from $41.00 to $36.00 in a research note on Tuesday, September 26th. Finally, Zacks Investment Research lowered shares of World Fuel Services Corporation from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $42.00.

In other news, SVP Carlos M. Velazquez sold 6,850 shares of the stock in a transaction that occurred 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Robert Alexander Lake sold 1,500 shares of the stock in a transaction that occurred 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 disclosure for this sale can be found here. 2.30% of the stock is currently owned by corporate insiders.

TRADEMARK VIOLATION NOTICE: This article was originally reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this article on another publication, it was illegally copied and reposted in violation of U.S. & international trademark & copyright law. The correct version of this article can be accessed at https://ledgergazette.com/2017/10/11/world-fuel-services-corporation-int-shares-bought-by-northern-trust-corp.html.

Shares of World Fuel Services Corporation (INT) opened at 35.64 on Wednesday. World Fuel Services Corporation has a 52 week low of $32.28 and a 52 week high of $47.49. The company has a 50 day moving average of $35.07 and a 200-day moving average of $36.09. The company has a market cap of $2.44 billion, a price-to-earnings ratio of 23.34 and a beta of 0.95.

World Fuel Services Corporation (NYSE:INT) last posted its quarterly earnings data on Thursday, July 27th. The oil and gas company reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.06). World Fuel Services Corporation had a net margin of 0.34% and a return on equity of 5.60%. The business had revenue of $8.09 billion during the quarter, compared to the consensus estimate of $8.41 billion. During the same period in the prior year, the company posted $0.63 earnings per share. The firm’s revenue was up 21.9% compared to the same quarter last year. On average, equities research analysts expect that World Fuel Services Corporation will post $2.26 earnings per share for the current fiscal year.

World Fuel Services Corporation announced that its board has authorized a stock repurchase plan on Wednesday, October 4th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the oil and gas company to repurchase shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 6th. Stockholders of record on Monday, October 16th will be given a $0.06 dividend. The ex-dividend date is Friday, October 13th. This represents a $0.24 annualized dividend and a dividend yield of 0.67%. World Fuel Services Corporation’s dividend payout ratio is 15.69%.

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.

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

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