Justin Moore Purchases 84,411 Shares of Aegean Marine Petroleum Network Inc. (ANW) Stock

Aegean Marine Petroleum Network Inc. (NYSE:ANW) major shareholder Justin Moore purchased 84,411 shares of the firm’s stock in a transaction that occurred on Tuesday, February 6th. The shares were bought at an average price of $4.68 per share, with a total value of $395,043.48. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Justin Moore also recently made the following trade(s):

  • On Tuesday, January 30th, Justin Moore purchased 30,925 shares of Aegean Marine Petroleum Network stock. The shares were bought at an average price of $4.69 per share, with a total value of $145,038.25.
  • On Friday, January 26th, Justin Moore purchased 25,000 shares of Aegean Marine Petroleum Network stock. The shares were bought at an average price of $4.80 per share, with a total value of $120,000.00.
  • On Wednesday, January 24th, Justin Moore purchased 6,095 shares of Aegean Marine Petroleum Network stock. The shares were bought at an average price of $4.80 per share, with a total value of $29,256.00.

Aegean Marine Petroleum Network Inc. (ANW) traded up $0.15 during midday trading on Wednesday, reaching $4.70. 327,146 shares of the company’s stock were exchanged, compared to its average volume of 272,712. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.56 and a quick ratio of 1.19. The firm has a market capitalization of $191.01, a PE ratio of 12.05 and a beta of 1.90. Aegean Marine Petroleum Network Inc. has a 1 year low of $3.20 and a 1 year high of $13.00.

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

ANW has been the subject of several research reports. Jefferies Group initiated coverage on shares of Aegean Marine Petroleum Network in a report on Monday, December 18th. They set a “buy” rating and a $7.00 price target for the company. ValuEngine upgraded shares of Aegean Marine Petroleum Network from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Stifel Nicolaus decreased their price target on shares of Aegean Marine Petroleum Network from $9.00 to $8.00 and set a “buy” rating for the company in a report on Wednesday, November 8th. Finally, Zacks Investment Research upgraded shares of Aegean Marine Petroleum Network from a “sell” rating to a “hold” rating in a research note on Wednesday, October 11th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $7.00.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Macquarie Group Ltd. acquired a new stake in Aegean Marine Petroleum Network in the third quarter valued at approximately $109,000. Dynamic Technology Lab Private Ltd acquired a new stake in Aegean Marine Petroleum Network in the third quarter valued at approximately $115,000. Verition Fund Management LLC acquired a new stake in Aegean Marine Petroleum Network in the second quarter valued at approximately $163,000. Virtu KCG Holdings LLC lifted its stake in Aegean Marine Petroleum Network by 107.7% in the second quarter. Virtu KCG Holdings LLC now owns 30,364 shares of the oil and gas company’s stock valued at $178,000 after acquiring an additional 15,746 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in Aegean Marine Petroleum Network by 107.8% in the second quarter. Northern Trust Corp now owns 31,785 shares of the oil and gas company’s stock valued at $187,000 after acquiring an additional 16,489 shares during the last quarter. Hedge funds and other institutional investors own 62.96% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Aegean Marine Petroleum Network (NYSE:ANW)

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