Aegean Marine Petroleum Network Inc. (NYSE:ANW) shot up 4.1% during trading on Monday . The company traded as high as $9.95 and last traded at $9.82, with a volume of 268,347 shares changing hands. The stock had previously closed at $9.43.

A number of research firms have commented on ANW. Jefferies Group reissued a “buy” rating on shares of Aegean Marine Petroleum Network in a report on Monday, August 29th. Zacks Investment Research upgraded Aegean Marine Petroleum Network from a “hold” rating to a “strong-buy” rating and set a $10.00 price target for the company in a research report on Monday, August 15th.

The firm’s 50-day moving average price is $8.75 and its 200 day moving average price is $7.37. The stock has a market capitalization of $498.33 million, a price-to-earnings ratio of 11.70 and a beta of 2.60.

Aegean Marine Petroleum Network (NYSE:ANW) last issued its quarterly earnings data on Wednesday, August 10th. The company reported $0.32 EPS for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.09. The firm earned $987.60 million during the quarter, compared to the consensus estimate of $870.85 million. Aegean Marine Petroleum Network had a return on equity of 8.36% and a net margin of 1.11%. The firm’s revenue was down 18.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.15 EPS. On average, equities analysts forecast that Aegean Marine Petroleum Network Inc. will post $1.24 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 9th. Investors of record on Wednesday, August 24th were paid a dividend of $0.02 per share. The ex-dividend date was Monday, August 22nd. This represents a $0.08 dividend on an annualized basis and a yield of 0.81%. Aegean Marine Petroleum Network’s payout ratio is currently 9.41%.

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Towle & Co. increased its position in shares of Aegean Marine Petroleum Network by 22.8% in the second quarter. Towle & Co. now owns 2,172,838 shares of the company’s stock worth $11,951,000 after buying an additional 403,020 shares during the last quarter. BlackRock Inc. bought a new position in shares of Aegean Marine Petroleum Network during the second quarter worth approximately $2,195,000. Global X Management Co. LLC increased its position in shares of Aegean Marine Petroleum Network by 47.5% in the second quarter. Global X Management Co. LLC now owns 764,533 shares of the company’s stock worth $4,205,000 after buying an additional 246,054 shares during the last quarter. Shah Capital Management bought a new position in shares of Aegean Marine Petroleum Network during the second quarter worth approximately $1,330,000. Finally, Schneider Capital Management Corp increased its position in shares of Aegean Marine Petroleum Network by 15.7% in the second quarter. Schneider Capital Management Corp now owns 1,708,680 shares of the company’s stock worth $9,398,000 after buying an additional 232,188 shares during the last quarter. Hedge funds and other institutional investors own 53.86% of the company’s stock.

About Aegean Marine Petroleum Network

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.

5 Day Chart for NYSE:ANW

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