Global X Management Co. LLC increased its stake in shares of Aegean Marine Petroleum Network Inc. (NYSE:ANW) by 36.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 710,826 shares of the oil and gas company’s stock after buying an additional 190,471 shares during the period. Global X Management Co. LLC’s holdings in Aegean Marine Petroleum Network were worth $4,158,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. ClariVest Asset Management LLC boosted its stake 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 valued at $198,000 after buying an additional 840 shares during the last quarter. Brandes Investment Partners LP boosted its stake 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 valued at $161,000 after buying an additional 1,407 shares during the last quarter. Bank of New York Mellon Corp boosted its stake 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 valued at $969,000 after buying an additional 3,617 shares during the last quarter. Karp Capital Management Corp acquired a new stake in Aegean Marine Petroleum Network during the first quarter valued at $152,000. Finally, Balter Liquid Alternatives LLC boosted its stake 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 valued at $1,426,000 after buying an additional 13,906 shares during the last quarter. Institutional investors and hedge funds own 76.53% of the company’s stock.

Aegean Marine Petroleum Network Inc. (NYSE ANW) opened at 5.15 on Friday. The company has a market capitalization of $203.14 million, a PE ratio of 5.56 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 has a 50 day moving average price of $5.23 and a 200-day moving average price of $8.78.

Aegean Marine Petroleum Network (NYSE:ANW) last posted 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. Aegean Marine Petroleum Network had a net margin of 0.56% and a return on equity of 8.03%. The company had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same period in the previous year, the firm posted $0.32 EPS. The firm’s revenue was up 45.9% compared to the same quarter last year. On average, equities analysts predict that Aegean Marine Petroleum Network Inc. will post $0.38 earnings per share for the current fiscal year.

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

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Several equities research analysts have weighed in on ANW shares. Jefferies Group LLC restated a “buy” rating and set a $8.00 target price on shares of Aegean Marine Petroleum Network in a research note on Friday. Clarkson Capital upgraded Aegean Marine Petroleum Network from a “neutral” rating to a “buy” rating and set a $6.00 target price for the company in a research note on Friday. Stifel Nicolaus restated a “buy” rating and set a $9.00 target price on shares of Aegean Marine Petroleum Network in a research note on Friday, July 21st. ValuEngine upgraded Aegean Marine Petroleum Network from a “hold” rating to a “buy” rating in a research note on Friday, June 9th. Finally, TheStreet cut Aegean Marine Petroleum Network from a “b-” rating to a “c” rating in a research note on Thursday, May 25th. One analyst has rated the stock with a sell rating and four have issued a buy rating to the company. Aegean Marine Petroleum Network presently has an average rating of “Buy” and an average price target of $8.75.

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

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