Aegean Marine Petroleum Network Inc. (ANW) Shares Sold by GSA Capital Partners LLP

GSA Capital Partners LLP lowered its holdings in Aegean Marine Petroleum Network Inc. (NYSE:ANW) by 62.2% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 88,434 shares of the oil and gas company’s stock after selling 145,811 shares during the period. GSA Capital Partners LLP owned approximately 0.22% of Aegean Marine Petroleum Network worth $438,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Marshall Wace North America L.P. lifted its position in shares of Aegean Marine Petroleum Network by 103.0% during the 2nd quarter. Marshall Wace North America L.P. now owns 70,755 shares of the oil and gas company’s stock worth $425,000 after buying an additional 35,893 shares during the last quarter. LSV Asset Management raised its position in Aegean Marine Petroleum Network by 15.5% in the 2nd quarter. LSV Asset Management now owns 687,749 shares of the oil and gas company’s stock valued at $4,023,000 after purchasing an additional 92,155 shares during the last quarter. Franklin Resources Inc. raised its position in Aegean Marine Petroleum Network by 77.8% in the 2nd quarter. Franklin Resources Inc. now owns 930,000 shares of the oil and gas company’s stock valued at $5,441,000 after purchasing an additional 407,000 shares during the last quarter. Wells Fargo & Company MN raised its position in Aegean Marine Petroleum Network by 47.8% in the 2nd quarter. Wells Fargo & Company MN now owns 113,712 shares of the oil and gas company’s stock valued at $665,000 after purchasing an additional 36,762 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its position in Aegean Marine Petroleum Network by 65.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 2,668,192 shares of the oil and gas company’s stock valued at $15,609,000 after purchasing an additional 1,058,187 shares during the last quarter. Hedge funds and other institutional investors own 62.31% of the company’s stock.

Several research firms recently commented on ANW. ValuEngine downgraded shares of Aegean Marine Petroleum Network from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. Stifel Nicolaus dropped their price objective on shares of Aegean Marine Petroleum Network from $9.00 to $8.00 and set a “buy” rating on the stock in a research note on Wednesday, November 8th. Jefferies Group assumed coverage on shares of Aegean Marine Petroleum Network in a research note on Monday, December 18th. They issued a “buy” rating and a $7.00 price objective on the stock. Finally, Zacks Investment Research cut shares of Aegean Marine Petroleum Network from a “hold” rating to a “sell” rating in a research note on Wednesday, October 4th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $7.00.

In other news, major shareholder August Roth bought 50,000 shares of Aegean Marine Petroleum Network stock in a transaction on Thursday, January 4th. The shares were bought at an average cost of $4.58 per share, for a total transaction of $229,000.00. The transaction was disclosed in a filing with the SEC, which is available at this link.

Aegean Marine Petroleum Network Inc. (ANW) opened at $4.65 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. Aegean Marine Petroleum Network Inc. has a 12 month low of $3.20 and a 12 month high of $13.00. The firm has a market cap of $184.91, a price-to-earnings ratio of 11.92 and a beta of 2.09.

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

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 13th. Investors of record on Wednesday, November 29th were paid a $0.02 dividend. The ex-dividend date was Tuesday, November 28th. This represents a $0.08 dividend on an annualized basis and a yield of 1.72%. Aegean Marine Petroleum Network’s payout ratio is 20.51%.

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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.

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

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