Acadian Asset Management LLC Has $1.67 Million Position in Aegean Marine Petroleum Network Inc. (NYSE:ANW)

Acadian Asset Management LLC cut its position in shares of Aegean Marine Petroleum Network Inc. (NYSE:ANW) by 85.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 284,629 shares of the oil and gas company’s stock after selling 1,614,603 shares during the period. Acadian Asset Management LLC owned 0.72% of Aegean Marine Petroleum Network worth $1,665,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. Karp Capital Management Corp bought a new stake in Aegean Marine Petroleum Network during the first quarter worth $152,000. Brandes Investment Partners LP increased its stake in Aegean Marine Petroleum Network by 11.8% in the first quarter. Brandes Investment Partners LP now owns 13,339 shares of the oil and gas company’s stock worth $161,000 after buying an additional 1,407 shares during the last quarter. ClariVest Asset Management LLC increased its stake in Aegean Marine Petroleum Network by 5.4% in the first quarter. ClariVest Asset Management LLC now owns 16,454 shares of the oil and gas company’s stock worth $198,000 after buying an additional 840 shares during the last quarter. Koch Industries Inc. bought a new stake in Aegean Marine Petroleum Network during the first quarter worth $267,000. Finally, MARSHALL WACE ASIA Ltd bought a new stake in Aegean Marine Petroleum Network during the first quarter worth $418,000. Institutional investors own 74.92% of the company’s stock.

Shares of Aegean Marine Petroleum Network Inc. (NYSE:ANW) traded up 2.06% on Friday, reaching $4.95. 342,319 shares of the company were exchanged. The firm has a market capitalization of $201.13 million, a PE ratio of 7.17 and a beta of 2.25. The stock’s 50-day moving average is $5.15 and its 200 day moving average is $8.57. Aegean Marine Petroleum Network Inc. has a 12-month low of $4.20 and a 12-month high of $13.10.

Aegean Marine Petroleum Network (NYSE:ANW) last released its quarterly earnings data on Thursday, August 10th. The oil and gas company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.10. The firm had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.29 billion. Aegean Marine Petroleum Network had a return on equity of 7.97% and a net margin of 0.56%. The business’s quarterly revenue was up 45.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.32 earnings per share. On average, analysts forecast that Aegean Marine Petroleum Network Inc. will post $0.32 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 7th. Stockholders of record on Thursday, August 24th will be paid a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date of this dividend is Tuesday, August 22nd. Aegean Marine Petroleum Network’s dividend payout ratio (DPR) is presently 11.43%.

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A number of equities research analysts have recently weighed in on ANW shares. Jefferies Group LLC restated a “buy” rating and issued a $8.00 price target on shares of Aegean Marine Petroleum Network in a research note on Friday, August 11th. Clarkson Capital upgraded shares of Aegean Marine Petroleum Network from a “neutral” rating to a “buy” rating and set a $6.00 price objective for the company in a report on Friday, August 11th. Stifel Nicolaus reiterated a “buy” rating and issued a $9.00 price objective on shares of Aegean Marine Petroleum Network in a report on Friday, July 21st. ValuEngine upgraded shares of Aegean Marine Petroleum Network from a “hold” rating to a “buy” rating in a report on Friday, June 9th. Finally, TheStreet lowered shares of Aegean Marine Petroleum Network from a “b-” rating to a “c” rating in a report on Thursday, May 25th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $8.75.

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.

Institutional Ownership by Quarter for Aegean Marine Petroleum Network (NYSE:ANW)

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