& Co Towle Acquires 49,000 Shares of Aegean Marine Petroleum Network Inc. (ANW) Stock

Aegean Marine Petroleum Network Inc. (NYSE:ANW) major shareholder & Co Towle purchased 49,000 shares of the business’s stock in a transaction on Tuesday, January 16th. The shares were bought at an average price of $4.66 per share, with a total value of $228,340.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

& Co Towle also recently made the following trade(s):

  • On Friday, December 21st, & Co Towle sold 100 shares of Aegean Marine Petroleum Network stock. The shares were sold at an average price of $4.08, for a total value of $408.00.

Aegean Marine Petroleum Network Inc. (ANW) traded up $0.05 during mid-day trading on Thursday, reaching $4.65. The company’s stock had a trading volume of 127,155 shares, compared to its average volume of 233,883. The firm has a market cap of $188.98, a P/E ratio of 11.92 and a beta of 2.09. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.56 and a quick ratio of 1.19. Aegean Marine Petroleum Network Inc. has a fifty-two week low of $3.20 and a fifty-two week 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 analysts’ consensus estimates of $0.10 by ($0.20). Aegean Marine Petroleum Network had a return on equity of 4.26% and a net margin of 0.28%. The business had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.31 billion. During the same quarter in the previous year, the firm earned $0.36 EPS. Aegean Marine Petroleum Network’s quarterly revenue was up 17.9% on a year-over-year basis. equities research analysts expect that Aegean Marine Petroleum Network Inc. will post 0.01 earnings per share for the current year.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Highbridge Capital Management LLC boosted its stake in shares of Aegean Marine Petroleum Network by 506.7% in the 3rd quarter. Highbridge Capital Management LLC now owns 75,074 shares of the oil and gas company’s stock worth $371,000 after buying an additional 62,700 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec purchased a new position in shares of Aegean Marine Petroleum Network in the 3rd quarter worth approximately $440,000. Senvest Management LLC boosted its stake in shares of Aegean Marine Petroleum Network by 3.0% in the 3rd quarter. Senvest Management LLC now owns 5,445,894 shares of the oil and gas company’s stock worth $26,957,000 after buying an additional 161,000 shares during the last quarter. BB&T Securities LLC boosted its stake in shares of Aegean Marine Petroleum Network by 17.5% in the 3rd quarter. BB&T Securities LLC now owns 223,061 shares of the oil and gas company’s stock worth $1,104,000 after buying an additional 33,154 shares during the last quarter. Finally, Granite Investment Partners LLC purchased a new position in shares of Aegean Marine Petroleum Network in the 3rd quarter worth approximately $871,000. Hedge funds and other institutional investors own 62.31% of the company’s stock.

A number of research firms have issued reports on ANW. ValuEngine downgraded Aegean Marine Petroleum Network from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. Jefferies Group began coverage on Aegean Marine Petroleum Network in a research note on Monday, December 18th. They set a “buy” rating and a $7.00 price target for the company. Zacks Investment Research downgraded Aegean Marine Petroleum Network from a “hold” rating to a “sell” rating in a research note on Friday, November 10th. Finally, Stifel Nicolaus cut their price target on Aegean Marine Petroleum Network from $9.00 to $8.00 and set a “buy” rating for the company in a research note on Wednesday, November 8th. One 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 stock has an average rating of “Hold” and a consensus target price of $7.00.

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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.

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