Aegean Marine Petroleum Network Inc. (NYSE:ANW) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $4.15 and last traded at $4.05, with a volume of 1,514,310 shares trading hands. The stock had previously closed at $4.35.

A number of equities research analysts recently issued reports on the company. ValuEngine lowered Aegean Marine Petroleum Network from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Zacks Investment Research raised Aegean Marine Petroleum Network from a “sell” rating to a “hold” rating in a research report on Wednesday, August 16th. Clarkson Capital raised Aegean Marine Petroleum Network from a “neutral” rating to a “buy” rating and set a $6.00 target price on the stock in a research report on Friday, August 11th. Stifel Nicolaus reissued a “buy” rating and issued a $9.00 target price on shares of Aegean Marine Petroleum Network in a research report on Friday, July 21st. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $8.00 target price on shares of Aegean Marine Petroleum Network in a research report on Friday, August 11th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Aegean Marine Petroleum Network currently has an average rating of “Buy” and a consensus target price of $8.75.

The firm has a 50-day moving average of $4.78 and a 200-day moving average of $7.64. The company has a market cap of $164.56 million, a PE ratio of 5.87 and a beta of 2.21.

Aegean Marine Petroleum Network (NYSE:ANW) last announced its quarterly earnings results on Thursday, August 10th. The oil and gas company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.10. The business had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.29 billion. Aegean Marine Petroleum Network had a return on equity of 7.97% and a net margin of 0.56%. The company’s quarterly revenue was up 45.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.32 earnings per share. On average, equities research analysts forecast that Aegean Marine Petroleum Network Inc. will post $0.46 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 7th. Stockholders of record on Thursday, August 24th were paid a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 1.98%. The ex-dividend date of this dividend was Tuesday, August 22nd. Aegean Marine Petroleum Network’s dividend payout ratio (DPR) is presently 11.43%.

Several institutional investors have recently modified their holdings of the company. Senvest Management LLC raised its stake in shares of Aegean Marine Petroleum Network by 19.5% in the second quarter. Senvest Management LLC now owns 5,284,894 shares of the oil and gas company’s stock worth $30,917,000 after purchasing an additional 862,860 shares during the last quarter. Ameriprise Financial Inc. raised its stake in shares of Aegean Marine Petroleum Network by 65.7% in the second quarter. Ameriprise Financial Inc. now owns 2,668,192 shares of the oil and gas company’s stock worth $15,609,000 after purchasing an additional 1,058,187 shares during the last quarter. Schneider Capital Management Corp raised its stake in shares of Aegean Marine Petroleum Network by 4.1% in the second quarter. Schneider Capital Management Corp now owns 1,959,528 shares of the oil and gas company’s stock worth $11,463,000 after purchasing an additional 77,800 shares during the last quarter. Raging Capital Management LLC raised its stake in shares of Aegean Marine Petroleum Network by 78.8% in the first quarter. Raging Capital Management LLC now owns 1,173,590 shares of the oil and gas company’s stock worth $14,142,000 after purchasing an additional 517,399 shares during the last quarter. Finally, Franklin Resources Inc. raised its stake in shares of Aegean Marine Petroleum Network by 77.8% in the second quarter. Franklin Resources Inc. now owns 930,000 shares of the oil and gas company’s stock worth $5,441,000 after purchasing an additional 407,000 shares during the last quarter. 70.57% of the stock is owned by hedge funds and other institutional investors.

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Aegean Marine Petroleum Network Company 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.

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