Aegean Marine Petroleum Network Inc. (NYSE:ANW) announced its quarterly earnings results on Thursday. The oil and gas company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.10, Morningstar.com reports. The company had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.29 billion. Aegean Marine Petroleum Network had a return on equity of 9.20% and a net margin of 0.86%. Aegean Marine Petroleum Network’s revenue was up 45.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.32 EPS.

Shares of Aegean Marine Petroleum Network (NYSE:ANW) opened at 4.25 on Friday. Aegean Marine Petroleum Network has a 52 week low of $4.20 and a 52 week high of $13.10. The company has a market capitalization of $167.64 million, a PE ratio of 4.58 and a beta of 2.25. The stock has a 50 day moving average price of $5.23 and a 200-day moving average price of $8.82.

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 7th. Stockholders of record on Thursday, August 24th will be paid a $0.02 dividend. The ex-dividend date of this dividend is Tuesday, August 22nd. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.88%. Aegean Marine Petroleum Network’s dividend payout ratio (DPR) is presently 8.60%.

Several institutional investors have recently bought and sold shares of ANW. ClariVest Asset Management LLC raised its position in Aegean Marine Petroleum Network by 5.4% in the first quarter. ClariVest Asset Management LLC now owns 16,454 shares of the oil and gas company’s stock worth $198,000 after buying an additional 840 shares in the last quarter. Brandes Investment Partners LP raised its position in Aegean Marine Petroleum Network by 11.8% in the first quarter. Brandes Investment Partners LP now owns 13,339 shares of the oil and gas company’s stock worth $161,000 after buying an additional 1,407 shares in the last quarter. Bank of New York Mellon Corp raised its position in Aegean Marine Petroleum Network by 4.7% in the first quarter. Bank of New York Mellon Corp now owns 80,427 shares of the oil and gas company’s stock worth $969,000 after buying an additional 3,617 shares in the last quarter. Karp Capital Management Corp bought a new position in Aegean Marine Petroleum Network during the first quarter worth approximately $152,000. Finally, Balter Liquid Alternatives LLC raised its position in Aegean Marine Petroleum Network by 13.3% in the first quarter. Balter Liquid Alternatives LLC now owns 118,336 shares of the oil and gas company’s stock worth $1,426,000 after buying an additional 13,906 shares in the last quarter. 76.53% of the stock is currently owned by institutional investors.

A number of analysts have recently commented on the company. Clarkson Capital raised Aegean Marine Petroleum Network from a “neutral” rating to a “buy” rating in a research note on Friday. Stifel Nicolaus reaffirmed a “buy” rating and issued a $9.00 price target on shares of Aegean Marine Petroleum Network in a research note on Friday, July 21st. ValuEngine raised Aegean Marine Petroleum Network from a “hold” rating to a “buy” rating in a research note on Friday, June 9th. TheStreet cut Aegean Marine Petroleum Network from a “b-” rating to a “c” rating in a research note on Thursday, May 25th. Finally, Zacks Investment Research cut Aegean Marine Petroleum Network from a “hold” rating to a “strong sell” rating in a research note on Friday, May 26th. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. Aegean Marine Petroleum Network presently has an average rating of “Buy” and a consensus price target of $9.67.

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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.

Earnings History for Aegean Marine Petroleum Network (NYSE:ANW)

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