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

Arrowstreet Capital Limited Partnership grew its stake in shares of Aegean Marine Petroleum Network Inc. (NYSE:ANW) by 24.8% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 644,233 shares of the oil and gas company’s stock after acquiring an additional 127,852 shares during the quarter. 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 added to or reduced their stakes in the company. Senvest Management LLC lifted its position in shares of Aegean Marine Petroleum Network by 19.5% during the 2nd quarter. Senvest Management LLC now owns 5,284,894 shares of the oil and gas company’s stock valued at $30,917,000 after acquiring an additional 862,860 shares during the period. Ameriprise Financial Inc. lifted its position in shares of Aegean Marine Petroleum Network by 65.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,668,192 shares of the oil and gas company’s stock valued at $15,609,000 after acquiring an additional 1,058,187 shares during the period. Franklin Resources Inc. lifted its position in shares of Aegean Marine Petroleum Network by 77.8% during the 2nd quarter. Franklin Resources Inc. now owns 930,000 shares of the oil and gas company’s stock valued at $5,441,000 after acquiring an additional 407,000 shares during the period. Global X Management Co. LLC lifted its position in shares of Aegean Marine Petroleum Network by 36.6% during the 2nd quarter. Global X Management Co. LLC now owns 710,826 shares of the oil and gas company’s stock valued at $4,158,000 after acquiring an additional 190,471 shares during the period. Finally, Renaissance Technologies LLC lifted its position in shares of Aegean Marine Petroleum Network by 27.5% during the 1st quarter. Renaissance Technologies LLC now owns 694,100 shares of the oil and gas company’s stock valued at $8,364,000 after acquiring an additional 149,800 shares during the period. Hedge funds and other institutional investors own 69.92% of the company’s stock.

A number of research firms have recently weighed in on ANW. Stifel Nicolaus reiterated a “buy” rating and set a $9.00 target price on shares of Aegean Marine Petroleum Network in a research report on Friday, July 21st. Zacks Investment Research upgraded Aegean Marine Petroleum Network from a “sell” rating to a “hold” rating in a research report on Wednesday, August 16th. Jefferies Group LLC restated a “buy” rating and set a $8.00 price objective on shares of Aegean Marine Petroleum Network in a research report on Friday, August 11th. ValuEngine upgraded Aegean Marine Petroleum Network from a “hold” rating to a “buy” rating in a research 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 research report on Friday, August 11th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $7.67.

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Shares of Aegean Marine Petroleum Network Inc. (NYSE ANW) traded up 0.575% during midday trading on Friday, hitting $4.375. The stock had a trading volume of 18,376 shares. The stock has a market cap of $177.77 million, a price-to-earnings ratio of 6.341 and a beta of 2.25. The firm’s 50-day moving average price is $4.62 and its 200-day moving average price is $6.38. Aegean Marine Petroleum Network Inc. has a 1-year low of $4.00 and a 1-year high of $13.10.

Aegean Marine Petroleum Network (NYSE:ANW) last released its earnings results 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. Aegean Marine Petroleum Network had a return on equity of 7.97% and a net margin of 0.56%. The company had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same quarter in the previous year, the company posted $0.32 EPS. Aegean Marine Petroleum Network’s revenue for the quarter was up 45.9% on a year-over-year basis. Analysts forecast that Aegean Marine Petroleum Network Inc. will post $0.46 earnings per share for the current year.

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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