Aegean Marine Petroleum Network Inc. (NYSE:ANW) was downgraded by research analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued on Friday, June 2nd.

ANW has been the subject of a number of other research reports. Zacks Investment Research lowered shares of Aegean Marine Petroleum Network from a “hold” rating to a “strong sell” rating in a report on Friday, May 26th. TheStreet lowered shares of Aegean Marine Petroleum Network from a “b-” rating to a “c” rating in a report on Thursday, May 25th. Stifel Nicolaus upgraded shares of Aegean Marine Petroleum Network from a “hold” rating to a “buy” rating and set a $9.00 price objective for the company in a report on Friday, June 2nd. They noted that the move was a valuation call. Finally, Clarkson Capital upgraded shares of Aegean Marine Petroleum Network from a “neutral” rating to a “buy” rating in a report on Friday, March 3rd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $10.75.

Shares of Aegean Marine Petroleum Network (NYSE:ANW) remained flat at $5.70 on Friday. The company’s stock had a trading volume of 730,103 shares. Aegean Marine Petroleum Network has a one year low of $4.60 and a one year high of $13.10. The firm’s 50 day moving average is $8.78 and its 200 day moving average is $10.46. The company has a market cap of $224.83 million, a price-to-earnings ratio of 6.15 and a beta of 2.34.

Aegean Marine Petroleum Network (NYSE:ANW) last issued its quarterly earnings data on Tuesday, May 23rd. The oil and gas company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by $0.33. The business had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.16 billion. Aegean Marine Petroleum Network had a net margin of 0.86% and a return on equity of 9.20%. The firm’s quarterly revenue was up 102.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.24 EPS. On average, equities research analysts predict that Aegean Marine Petroleum Network will post $0.60 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 20th. Shareholders of record on Tuesday, June 6th will be given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date of this dividend is Friday, June 2nd. Aegean Marine Petroleum Network’s dividend payout ratio is presently 8.60%.

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A number of hedge funds have recently added to or reduced their stakes in ANW. Boothbay Fund Management LLC increased its stake in Aegean Marine Petroleum Network by 5.6% in the fourth quarter. Boothbay Fund Management LLC now owns 13,937 shares of the oil and gas company’s stock worth $141,000 after buying an additional 736 shares in the last quarter. ClariVest Asset Management LLC increased 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 worth $198,000 after buying an additional 840 shares in the last quarter. Brandes Investment Partners LP increased 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 worth $161,000 after buying an additional 1,407 shares in the last quarter. State Street Corp increased its stake in Aegean Marine Petroleum Network by 11.3% in the fourth quarter. State Street Corp now owns 21,708 shares of the oil and gas company’s stock worth $220,000 after buying an additional 2,212 shares in the last quarter. Finally, Bayesian Capital Management LP increased its stake in Aegean Marine Petroleum Network by 22.9% in the fourth quarter. Bayesian Capital Management LP now owns 13,400 shares of the oil and gas company’s stock worth $136,000 after buying an additional 2,500 shares in the last quarter. 81.10% of the stock is owned by institutional investors and hedge funds.

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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