Two Sigma Investments LP cut its stake in Aegean Marine Petroleum Network Inc. (NYSE:ANW) by 44.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,244 shares of the oil and gas company’s stock after selling 23,998 shares during the period. Two Sigma Investments LP’s holdings in Aegean Marine Petroleum Network were worth $130,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in ANW. Northern Trust Corp boosted 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 acquiring an additional 16,489 shares during the last quarter. State Street Corp boosted its holdings in Aegean Marine Petroleum Network by 9.1% in the second quarter. State Street Corp now owns 39,837 shares of the oil and gas company’s stock valued at $233,000 after acquiring an additional 3,324 shares during the last quarter. Macquarie Group Ltd. bought a new stake in Aegean Marine Petroleum Network in the third quarter valued at approximately $109,000. Shah Capital Management boosted its holdings in Aegean Marine Petroleum Network by 81.5% in the fourth quarter. Shah Capital Management now owns 865,000 shares of the oil and gas company’s stock valued at $3,719,000 after acquiring an additional 388,290 shares during the last quarter. Finally, Global X Management Co. LLC boosted its holdings in Aegean Marine Petroleum Network by 2.2% in the fourth quarter. Global X Management Co. LLC now owns 659,251 shares of the oil and gas company’s stock valued at $2,835,000 after acquiring an additional 14,371 shares during the last quarter. Institutional investors and hedge funds own 54.76% of the company’s stock.
In other Aegean Marine Petroleum Network news, major shareholder Justin Moore purchased 84,411 shares of the business’s stock in a transaction on Tuesday, February 6th. The shares were purchased at an average cost of $4.68 per share, for a total transaction of $395,043.48. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders have acquired a total of 146,431 shares of company stock worth $689,338 over the last 90 days.
Aegean Marine Petroleum Network stock opened at $2.90 on Friday. Aegean Marine Petroleum Network Inc. has a 52-week low of $1.75 and a 52-week high of $12.00. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.56 and a quick ratio of 1.19.
Aegean Marine Petroleum Network (NYSE:ANW) last posted its quarterly earnings results on Wednesday, March 7th. The oil and gas company reported ($0.48) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.42). The business had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.42 billion. Aegean Marine Petroleum Network had a negative return on equity of 1.72% and a negative net margin of 0.52%. sell-side analysts expect that Aegean Marine Petroleum Network Inc. will post 0.47 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 4th. Shareholders of record on Wednesday, March 21st were issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date was Tuesday, March 20th. Aegean Marine Petroleum Network’s payout ratio is -7.55%.
Several analysts recently commented on the company. TheStreet cut Aegean Marine Petroleum Network from a “c-” rating to a “d” rating in a report on Thursday, March 8th. ValuEngine cut Aegean Marine Petroleum Network from a “sell” rating to a “strong sell” rating in a report on Friday, March 9th. Zacks Investment Research upgraded Aegean Marine Petroleum Network from a “sell” rating to a “hold” rating in a report on Tuesday, March 6th. Finally, Stifel Nicolaus cut Aegean Marine Petroleum Network from a “buy” rating to a “hold” rating and set a $3.00 price target on the stock. in a report on Friday, February 23rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $5.33.
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Aegean Marine Petroleum Network Company Profile
Aegean Marine Petroleum Network Inc, together with its subsidiaries, operates as a marine fuel logistics company that markets and supplies refined marine fuel and lubricants to vessels in port, at sea, and on rivers worldwide. The company offers fueling services to ocean-going and a range of coastal vessels, including oil tankers, container ships, drybulk carriers, cruise ships, reefers, LNG/LPG carriers, car carriers, and ferries, as well as to marine fuel traders, brokers, and other end-users of marine fuel and lubricants.
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