Aegean Marine Petroleum Network Inc. (ANW) Major Shareholder August Roth Acquires 50,000 Shares

Aegean Marine Petroleum Network Inc. (NYSE:ANW) major shareholder August Roth acquired 50,000 shares of the company’s stock in a transaction that occurred on Thursday, January 4th. The stock was acquired at an average cost of $4.58 per share, for a total transaction of $229,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Shares of Aegean Marine Petroleum Network Inc. (NYSE ANW) opened at $4.60 on Wednesday. Aegean Marine Petroleum Network Inc. has a one year low of $3.20 and a one year high of $13.00. The company has a market cap of $186.95, a P/E ratio of 11.79 and a beta of 2.09. The company has a current ratio of 1.56, a quick ratio of 1.19 and a debt-to-equity ratio of 0.71.

Aegean Marine Petroleum Network (NYSE:ANW) last released its earnings results on Wednesday, November 15th. The oil and gas company reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.20). Aegean Marine Petroleum Network had a return on equity of 4.26% and a net margin of 0.28%. The firm had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter in the previous year, the business posted $0.36 EPS. Aegean Marine Petroleum Network’s revenue was up 17.9% on a year-over-year basis. equities analysts forecast that Aegean Marine Petroleum Network Inc. will post 0.01 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 13th. Shareholders of record on Wednesday, November 29th were paid a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date of this dividend was Tuesday, November 28th. Aegean Marine Petroleum Network’s payout ratio is 20.51%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. State Street Corp raised its stake in Aegean Marine Petroleum Network by 9.1% during the 2nd quarter. State Street Corp now owns 39,837 shares of the oil and gas company’s stock worth $233,000 after acquiring an additional 3,324 shares during the period. American Century Companies Inc. raised its stake in Aegean Marine Petroleum Network by 2.3% during the 3rd quarter. American Century Companies Inc. now owns 533,385 shares of the oil and gas company’s stock worth $2,640,000 after acquiring an additional 11,824 shares during the period. Virtu KCG Holdings LLC raised its stake in Aegean Marine Petroleum Network by 107.7% during the 2nd quarter. Virtu KCG Holdings LLC now owns 30,364 shares of the oil and gas company’s stock worth $178,000 after acquiring an additional 15,746 shares during the period. Northern Trust Corp raised its stake in Aegean Marine Petroleum Network by 107.8% during the 2nd quarter. Northern Trust Corp now owns 31,785 shares of the oil and gas company’s stock worth $187,000 after acquiring an additional 16,489 shares during the period. Finally, MML Investors Services LLC raised its stake in Aegean Marine Petroleum Network by 68.8% during the 2nd quarter. MML Investors Services LLC now owns 41,857 shares of the oil and gas company’s stock worth $245,000 after acquiring an additional 17,065 shares during the period. Institutional investors own 62.31% of the company’s stock.

A number of equities analysts recently issued reports on the stock. ValuEngine downgraded shares of Aegean Marine Petroleum Network from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. Jefferies Group assumed coverage on shares of Aegean Marine Petroleum Network in a report on Monday, December 18th. They issued a “buy” rating and a $7.00 price objective on the stock. Zacks Investment Research downgraded shares of Aegean Marine Petroleum Network from a “hold” rating to a “sell” rating in a report on Friday, November 10th. Finally, Stifel Nicolaus dropped their price objective on shares of Aegean Marine Petroleum Network from $9.00 to $8.00 and set a “buy” rating on the stock in a report on Wednesday, November 8th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $7.00.

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Aegean Marine Petroleum Network Company Profile

Aegean Marine Petroleum Network Inc is an international marine fuel logistics company. The Company markets and physically supplies refined marine fuel and lubricants to vessels in port, at sea and on rivers. As a physical supplier, the Company procures marine fuel from refineries, oil producers and other sources, and resells and delivers these fuels from its bunkering vessels to a range of end users.

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