Aegean Marine Petroleum Network (ANW) Stock Rating Lowered by ValuEngine

Aegean Marine Petroleum Network (NYSE:ANW) was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating in a research report issued on Thursday.

Shares of ANW stock traded down $0.13 during trading hours on Thursday, hitting $0.94. 956,700 shares of the company’s stock were exchanged, compared to its average volume of 1,231,142. The company has a market cap of $37.39 million, a price-to-earnings ratio of -1.77 and a beta of 3.04. Aegean Marine Petroleum Network has a fifty-two week low of $0.60 and a fifty-two week high of $5.10.

Hedge funds have recently made changes to their positions in the company. Northern Trust Corp raised its stake in shares of Aegean Marine Petroleum Network by 67.9% during the 1st quarter. Northern Trust Corp now owns 115,546 shares of the oil and gas company’s stock worth $260,000 after buying an additional 46,712 shares during the period. A.R.T. Advisors LLC raised its stake in shares of Aegean Marine Petroleum Network by 520.3% during the 1st quarter. A.R.T. Advisors LLC now owns 124,257 shares of the oil and gas company’s stock worth $279,000 after buying an additional 104,224 shares during the period. Global X Management Co LLC raised its stake in shares of Aegean Marine Petroleum Network by 27.7% during the 2nd quarter. Global X Management Co LLC now owns 960,628 shares of the oil and gas company’s stock worth $636,000 after buying an additional 208,410 shares during the period. Finally, Shah Capital Management raised its stake in shares of Aegean Marine Petroleum Network by 278.0% during the 2nd quarter. Shah Capital Management now owns 5,658,138 shares of the oil and gas company’s stock worth $3,748,000 after buying an additional 4,161,337 shares during the period. 33.83% of the stock is owned by institutional investors and hedge funds.

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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