Shares of Aegean Marine Petroleum Network Inc. (NYSE:ANW) rose 4.6% during trading on Thursday . The stock traded as high as $5.47 and last traded at $5.45, with a volume of 977,788 shares. The stock had previously closed at $5.21.

ANW has been the subject of several research analyst reports. Zacks Investment Research raised Aegean Marine Petroleum Network from a “sell” rating to a “buy” rating and set a $8.25 price objective for the company in a report on Wednesday, May 18th. Jefferies Group reaffirmed a “buy” rating and issued a $14.00 price objective (down previously from $15.00) on shares of Aegean Marine Petroleum Network in a report on Thursday, May 26th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $15.31.

The stock’s 50 day moving average is $6.08 and its 200-day moving average is $7.00. The company has a market capitalization of $295.21 million and a price-to-earnings ratio of 8.23.

Aegean Marine Petroleum Network (NYSE:ANW) last announced its earnings results on Tuesday, May 24th. The company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by $0.01. During the same quarter in the previous year, the firm posted $0.25 EPS. The business earned $752.93 million during the quarter. Aegean Marine Petroleum Network’s revenue was down 25.8% compared to the same quarter last year. On average, equities research analysts expect that Aegean Marine Petroleum Network Inc. will post $0.98 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 21st. Shareholders of record on Tuesday, June 7th were given a dividend of $0.02 per share. The ex-dividend date was Friday, June 3rd. This represents a $0.08 annualized dividend and a yield of 1.36%.

A hedge fund recently bought a new stake in Aegean Marine Petroleum Network stock. Sabal Capital Management LLC bought a new position in Aegean Marine Petroleum Network Inc. (NYSE:ANW) during the fourth quarter, Holdings Channel reports. The firm bought 506,308 shares of the company’s stock, valued at approximately $4,233,000. Aegean Marine Petroleum Network accounts for 7.0% of Sabal Capital Management LLC’s investment portfolio, making the stock its 7th largest position. Sabal Capital Management LLC owned about 1.02% of Aegean Marine Petroleum Network at the end of the most recent reporting period.

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 the fuels from its bunkering vessels to a range of end users.

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