Aegean Marine Petroleum Network Inc. (ANW) Shares Bought by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership lifted its stake in shares of Aegean Marine Petroleum Network Inc. (NYSE:ANW) by 24.8% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 644,233 shares of the oil and gas company’s stock after buying an additional 127,852 shares during the period. Arrowstreet Capital Limited Partnership owned about 1.59% of Aegean Marine Petroleum Network worth $3,769,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. Karp Capital Management Corp acquired a new stake in Aegean Marine Petroleum Network in the first quarter valued at $152,000. Virtu KCG Holdings LLC increased its holdings in Aegean Marine Petroleum Network by 107.7% in the second quarter. Virtu KCG Holdings LLC now owns 30,364 shares of the oil and gas company’s stock valued at $178,000 after purchasing an additional 15,746 shares during the period. Northern Trust Corp increased its holdings in Aegean Marine Petroleum Network by 107.8% in the second quarter. Northern Trust Corp now owns 31,785 shares of the oil and gas company’s stock valued at $187,000 after purchasing an additional 16,489 shares during the period. Marshall Wace North America L.P. acquired a new stake in Aegean Marine Petroleum Network in the first quarter valued at $418,000. Finally, MARSHALL WACE ASIA Ltd acquired a new stake in Aegean Marine Petroleum Network in the first quarter valued at $418,000. Institutional investors own 70.57% of the company’s stock.

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 $4.00 and a one year high of $13.10. The firm’s 50-day moving average price is $4.70 and its 200-day moving average price is $6.77. The firm has a market capitalization of $186.91 million, a P/E ratio of 6.67 and a beta of 2.25.

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 (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.10. Aegean Marine Petroleum Network had a net margin of 0.56% and a return on equity of 7.97%. The firm had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter in the previous year, the company earned $0.32 earnings per share. The company’s revenue for the quarter was up 45.9% compared to the same quarter last year. On average, equities analysts forecast that Aegean Marine Petroleum Network Inc. will post $0.46 earnings per share for the current year.

A number of analysts recently weighed in on ANW shares. Zacks Investment Research downgraded Aegean Marine Petroleum Network from a “hold” rating to a “sell” rating in a report on Wednesday, October 4th. Jefferies Group LLC restated a “buy” rating and issued a $8.00 price objective on shares of Aegean Marine Petroleum Network in a report on Friday, August 11th. Stifel Nicolaus restated 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 Aegean Marine Petroleum Network from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Finally, Clarkson Capital upgraded 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. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $7.67.

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Aegean Marine Petroleum Network 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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