World Fuel Services Corp (INT) : American National Bank reduced its stake in World Fuel Services Corp by 3.8% during the most recent quarter end. The investment management company now holds a total of 60,711 shares of World Fuel Services Corp which is valued at $2,781,171 after selling 2,401 shares in World Fuel Services Corp , the firm said in a disclosure report filed with the SEC on Oct 17, 2016.World Fuel Services Corp makes up approximately 0.94% of American National Bank’s portfolio.
Other Hedge Funds, Including , Crestpoint Capital Management reduced its stake in INT by selling 600 shares or 6.06% in the most recent quarter. The Hedge Fund company now holds 9,300 shares of INT which is valued at $426,033. World Fuel Services Corp makes up approx 0.22% of Crestpoint Capital Management’s portfolio.Nisa Investment Advisors reduced its stake in INT by selling 5,000 shares or 4.43% in the most recent quarter. The Hedge Fund company now holds 107,970 shares of INT which is valued at $5,008,728. World Fuel Services Corp makes up approx 0.07% of Nisa Investment Advisors’s portfolio. Chicago Trust Co Na added INT to its portfolio by purchasing 4,742 company shares during the most recent quarter which is valued at $219,981. World Fuel Services Corp makes up approx 0.10% of Chicago Trust Co Na’s portfolio.Oregon Public Employees Retirement Fund reduced its stake in INT by selling 30,085 shares or 55.02% in the most recent quarter. The Hedge Fund company now holds 24,595 shares of INT which is valued at $1,149,324. World Fuel Services Corp makes up approx 0.02% of Oregon Public Employees Retirement Fund’s portfolio.Cutler Group Lp reduced its stake in INT by selling 39 shares or 6.58% in the most recent quarter. The Hedge Fund company now holds 554 shares of INT which is valued at $25,888.
World Fuel Services Corp opened for trading at $45.83 and hit $46.01 on the upside on Friday, eventually ending the session at $45.81, with a gain of 0.26% or 0.12 points. The heightened volatility saw the trading volume jump to 2,01,210 shares. Company has a market cap of $3,227 M.
On the company’s financial health, World Fuel Services Corp reported $0.63 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $0.56. The company had revenue of $6633.00 million for the quarter, compared to analysts expectations of $6352.99 million. The company’s revenue was down -21.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.53 EPS.
Many Wall Street Analysts have commented on World Fuel Services Corp. World Fuel Services Corp was Initiated by Stifel to “Hold” on Aug 24, 2016.
World Fuel Services Corporation is a fuel logistics transaction management and payment processing company. The Company is engaged in the distribution of fuel and related products and services in the aviation marine and land transportation industries. It operates in three segments: aviation marine and land. The aviation segment offers fuel and related services to commercial airlines second and third-tier airlines cargo carriers regional and low cost carriers airports fixed-based operators corporate fleets fractional operators private aircraft military fleets and to the United States and foreign Governments. The marine segment offers fuel lubricants and related products and services to a base of marine customers including international container and tanker fleets commercial cruise lines yachts and time-charter operators the United States and foreign Governments. The land segment offers fuel lubricants and related products and services to petroleum distributors.