Goldman Sachs Group Inc. lowered its position in Aegean Marine Petroleum Network Inc. (NYSE:ANW) by 34.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 77,760 shares of the oil and gas company’s stock after selling 40,383 shares during the period. Goldman Sachs Group Inc.’s holdings in Aegean Marine Petroleum Network were worth $937,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the company. Karp Capital Management Corp acquired a new stake in Aegean Marine Petroleum Network during the first quarter worth about $152,000. Brandes Investment Partners LP boosted 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. ClariVest Asset Management LLC boosted 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. Koch Industries Inc. bought a new position in Aegean Marine Petroleum Network during the first quarter worth $267,000. Finally, MARSHALL WACE ASIA Ltd bought a new position in Aegean Marine Petroleum Network during the first quarter worth $418,000. 74.92% of the stock is owned by hedge funds and other institutional investors.

Aegean Marine Petroleum Network Inc. (NYSE:ANW) traded down 1.456% during trading on Monday, reaching $5.075. The company’s stock had a trading volume of 131,005 shares. The firm has a market capitalization of $206.21 million, a price-to-earnings ratio of 7.355 and a beta of 2.25. Aegean Marine Petroleum Network Inc. has a 52-week low of $4.20 and a 52-week high of $13.10. The stock’s 50-day moving average is $5.23 and its 200 day moving average is $8.78.

Aegean Marine Petroleum Network (NYSE:ANW) last posted its quarterly earnings results on Thursday, August 10th. The oil and gas company reported $0.21 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.10. Aegean Marine Petroleum Network had a return on equity of 8.03% and a net margin of 0.56%. The company had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same period last year, the business earned $0.32 EPS. The business’s quarterly revenue was up 45.9% on a year-over-year basis. On average, analysts predict that Aegean Marine Petroleum Network Inc. will post $0.32 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 7th. Investors of record on Thursday, August 24th will be paid a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date is Tuesday, August 22nd. Aegean Marine Petroleum Network’s payout ratio is 11.43%.

COPYRIGHT VIOLATION NOTICE: “Aegean Marine Petroleum Network Inc. (NYSE:ANW) Shares Sold by Goldman Sachs Group Inc.” was first published by Watch List News and is owned by of Watch List News. If you are reading this piece of content on another publication, it was illegally copied and reposted in violation of U.S. and international copyright & trademark laws. The legal version of this piece of content can be accessed at https://www.watchlistnews.com/aegean-marine-petroleum-network-inc-nyseanw-shares-sold-by-goldman-sachs-group-inc/1487466.html.

A number of equities analysts have weighed in on ANW shares. Stifel Nicolaus restated a “buy” rating and issued a $9.00 price target on shares of Aegean Marine Petroleum Network in a report on Friday, July 21st. Zacks Investment Research cut Aegean Marine Petroleum Network from a “buy” rating to a “hold” rating in a report on Tuesday, May 9th. ValuEngine upgraded Aegean Marine Petroleum Network from a “hold” rating to a “buy” rating in a report on Friday, June 9th. TheStreet cut Aegean Marine Petroleum Network from a “b-” rating to a “c” rating in a report on Thursday, May 25th. Finally, Clarkson Capital cut Aegean Marine Petroleum Network from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $16.00 to $8.00 in a report on Wednesday, May 24th. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $8.75.

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.

Want to see what other hedge funds are holding ANW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Aegean Marine Petroleum Network Inc. (NYSE:ANW).

Institutional Ownership by Quarter for Aegean Marine Petroleum Network (NYSE:ANW)

Receive News & Ratings for Aegean Marine Petroleum Network Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aegean Marine Petroleum Network Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.