Aegean Marine Petroleum Network Inc. (NYSE:ANW)’s share price traded up 13.4% during mid-day trading on Friday . The stock traded as high as $4.75 and last traded at $4.65. 713,657 shares were traded during trading, an increase of 16% from the average session volume of 616,925 shares. The stock had previously closed at $4.10.

Several equities 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 upgraded Aegean Marine Petroleum Network from a “sell” rating to a “hold” rating in a research report on Wednesday, August 16th. Clarkson Capital upgraded Aegean Marine Petroleum Network from a “neutral” rating to a “buy” rating and set a $6.00 price objective on the stock in a research report on Friday, August 11th. Stifel Nicolaus reiterated a “buy” rating and issued a $9.00 price objective on shares of Aegean Marine Petroleum Network in a research report on Friday, July 21st. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $8.00 price objective on shares of Aegean Marine Petroleum Network in a research report on Friday, August 11th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Aegean Marine Petroleum Network presently has an average rating of “Buy” and a consensus target price of $8.75.

The firm has a market cap of $188.94 million, a PE ratio of 6.74 and a beta of 2.21. The firm has a 50 day moving average price of $4.78 and a 200 day moving average price of $7.64.

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

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 7th. Investors of record on Thursday, August 24th were issued a dividend of $0.02 per share. The ex-dividend date was Tuesday, August 22nd. This represents a $0.08 dividend on an annualized basis and a yield of 1.72%. Aegean Marine Petroleum Network’s dividend payout ratio (DPR) is 11.43%.

A number of institutional investors and hedge funds have recently modified their holdings of ANW. Russell Investments Group Ltd. lifted its holdings in Aegean Marine Petroleum Network by 87.4% during the 1st quarter. Russell Investments Group Ltd. now owns 106,004 shares of the oil and gas company’s stock worth $1,278,000 after purchasing an additional 49,444 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in Aegean Marine Petroleum Network by 480,837.5% during the 1st quarter. Wells Fargo & Company MN now owns 76,950 shares of the oil and gas company’s stock worth $927,000 after purchasing an additional 76,934 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Aegean Marine Petroleum Network by 4.7% during the 1st quarter. Bank of New York Mellon Corp now owns 80,427 shares of the oil and gas company’s stock worth $969,000 after purchasing an additional 3,617 shares in the last quarter. Karp Capital Management Corp purchased a new stake in Aegean Marine Petroleum Network during the 1st quarter worth about $152,000. Finally, Parametric Portfolio Associates LLC lifted its holdings in Aegean Marine Petroleum Network by 6.5% during the 1st quarter. Parametric Portfolio Associates LLC now owns 419,721 shares of the oil and gas company’s stock worth $5,058,000 after purchasing an additional 25,702 shares in the last quarter. 70.57% of the stock is currently owned by institutional investors and hedge funds.

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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.

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