Mitsubishi UFJ Trust & Banking Corp cut its stake in World Fuel Services Co. (NYSE:INT – Get Rating) by 0.5% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 89,525 shares of the oil and gas company's stock after selling 480 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.14% of World Fuel Services worth $2,421,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Exchange Traded Concepts LLC acquired a new stake in shares of World Fuel Services in the first quarter worth approximately $35,000. CIBC Asset Management Inc boosted its position in shares of World Fuel Services by 6.6% in the fourth quarter. CIBC Asset Management Inc now owns 7,970 shares of the oil and gas company's stock worth $211,000 after acquiring an additional 495 shares during the last quarter. Investors Research Corp boosted its position in shares of World Fuel Services by 17.0% in the first quarter. Investors Research Corp now owns 8,250 shares of the oil and gas company's stock worth $223,000 after acquiring an additional 1,200 shares during the last quarter. Meritage Portfolio Management acquired a new stake in shares of World Fuel Services in the first quarter worth approximately $230,000. Finally, Profund Advisors LLC purchased a new position in World Fuel Services in the first quarter valued at approximately $236,000. 90.39% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus upgraded shares of World Fuel Services from a "hold" rating to a "buy" rating and set a $35.00 price target on the stock in a report on Wednesday, May 18th.

World Fuel Services Trading Up 0.4 %

World Fuel Services (NYSE:INT – Get Rating) last posted its quarterly earnings results on Thursday, July 28th. The oil and gas company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.29 by $0.12. World Fuel Services had a net margin of 0.18% and a return on equity of 4.82%. During the same period last year, the business earned $0.39 EPS. On average, sell-side analysts predict that World Fuel Services Co. will post 2.03 EPS for the current year.

About World Fuel Services

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World Fuel Services Corporation engages in the distribution of fuel and related products and services in the aviation, marine and land transportation industries worldwide. Its Aviation segment supplies fuel and related products and 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, the U.S., foreign governments, intergovernmental organizations, and military customers.

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