Ameriprise Financial Inc. grew its holdings in Aegean Marine Petroleum Network Inc. (NYSE:ANW) by 7.8% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,876,743 shares of the oil and gas company’s stock after buying an additional 208,551 shares during the period. Ameriprise Financial Inc. owned 7.08% of Aegean Marine Petroleum Network worth $14,239,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Verition Fund Management LLC acquired a new stake in Aegean Marine Petroleum Network during the second quarter worth about $163,000. Virtu KCG Holdings LLC increased its position in Aegean Marine Petroleum Network by 107.7% during the second quarter. Virtu KCG Holdings LLC now owns 30,364 shares of the oil and gas company’s stock worth $178,000 after purchasing an additional 15,746 shares during the last quarter. Northern Trust Corp increased its position in Aegean Marine Petroleum Network by 107.8% during the second quarter. Northern Trust Corp now owns 31,785 shares of the oil and gas company’s stock worth $187,000 after purchasing an additional 16,489 shares during the last quarter. State Street Corp increased its position in Aegean Marine Petroleum Network by 9.1% during the second quarter. State Street Corp now owns 39,837 shares of the oil and gas company’s stock worth $233,000 after purchasing an additional 3,324 shares during the last quarter. Finally, MML Investors Services LLC increased its position in Aegean Marine Petroleum Network by 68.8% during the second quarter. MML Investors Services LLC now owns 41,857 shares of the oil and gas company’s stock worth $245,000 after purchasing an additional 17,065 shares during the last quarter. Institutional investors and hedge funds own 62.48% of the company’s stock.

Aegean Marine Petroleum Network Inc. (NYSE ANW) opened at $4.05 on Friday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.19 and a current ratio of 1.56. The firm has a market cap of $168.66, a PE ratio of 6.80 and a beta of 2.08. Aegean Marine Petroleum Network Inc. has a 12 month low of $3.20 and a 12 month high of $13.00.

Aegean Marine Petroleum Network (NYSE:ANW) last announced its earnings results on Wednesday, November 15th. The oil and gas company reported ($0.10) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.20). The company had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.31 billion. Aegean Marine Petroleum Network had a return on equity of 4.26% and a net margin of 0.28%. The company’s quarterly revenue was up 17.9% compared to the same quarter last year. During the same period last year, the business earned $0.36 EPS. equities analysts forecast that Aegean Marine Petroleum Network Inc. will post 0.01 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 13th. Shareholders of record on Wednesday, November 29th were paid a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 1.98%. The ex-dividend date of this dividend was Tuesday, November 28th. Aegean Marine Petroleum Network’s dividend payout ratio (DPR) is presently 21.05%.

Several equities research analysts recently issued reports on the stock. ValuEngine upgraded shares of Aegean Marine Petroleum Network from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Zacks Investment Research cut shares of Aegean Marine Petroleum Network from a “hold” rating to a “sell” rating in a research report on Wednesday, October 4th. Stifel Nicolaus reaffirmed a “buy” rating on shares of Aegean Marine Petroleum Network in a research note on Tuesday, October 24th. Finally, Jefferies Group reaffirmed a “buy” rating and set a $7.00 target price on shares of Aegean Marine Petroleum Network in a research note on Friday, November 17th. 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 currently has a consensus rating of “Buy” and an average target price of $7.00.

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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.

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

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