Peter C Georgiopoulos recently revealed that they own a 13.8% stake in Aegean Marine Petroleum Network Inc. (NYSE:ANW) in a Form 13D/A disclosure that was filed with the Securities and Exchange Commission (SEC) on Wednesday, September 21st. The investor owns 5,420,250 shares of the stock valued at $52,305,413. The filing is available through EDGAR at this hyperlink.

Peter C Georgiopoulos provided the following explanation of their ownership:

.
There are no material changes from the Schedule 13D/A that was filed on December 19, 2011.

Other hedge funds have also recently made changes to their positions in the company. BlackRock Fund Advisors raised its position in Aegean Marine Petroleum Network by 1.7% in the second quarter. BlackRock Fund Advisors now owns 22,260 shares of the company’s stock valued at $122,000 after buying an additional 372 shares during the period. State Street Corp raised its position in Aegean Marine Petroleum Network by 17.3% in the second quarter. State Street Corp now owns 20,408 shares of the company’s stock valued at $112,000 after buying an additional 3,008 shares during the period. Royal Bank of Canada raised its position in Aegean Marine Petroleum Network by 6.3% in the first quarter. Royal Bank of Canada now owns 61,897 shares of the company’s stock valued at $468,000 after buying an additional 3,661 shares during the period. FMR LLC raised its position in Aegean Marine Petroleum Network by 0.5% in the second quarter. FMR LLC now owns 1,417,361 shares of the company’s stock valued at $7,796,000 after buying an additional 7,300 shares during the period. Finally, BB&T Securities LLC raised its position in Aegean Marine Petroleum Network by 26.5% in the first quarter. BB&T Securities LLC now owns 54,203 shares of the company’s stock valued at $410,000 after buying an additional 11,350 shares during the period. Hedge funds and other institutional investors own 53.67% of the company’s stock.

Aegean Marine Petroleum Network Inc. (NYSE:ANW) opened at 9.65 on Wednesday. The company has a 50-day moving average price of $9.20 and a 200-day moving average price of $7.45. Aegean Marine Petroleum Network Inc. has a one year low of $5.00 and a one year high of $11.41. The company has a market capitalization of $489.21 million, a price-to-earnings ratio of 11.49 and a beta of 2.60.

Aegean Marine Petroleum Network (NYSE:ANW) last issued its quarterly earnings results on Wednesday, August 10th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.09. The company had revenue of $987.60 million for the quarter, compared to the consensus estimate of $870.85 million. Aegean Marine Petroleum Network had a return on equity of 8.36% and a net margin of 1.11%. The firm’s revenue was down 18.2% compared to the same quarter last year. During the same period last year, the business posted $0.15 earnings per share. Equities research analysts anticipate that Aegean Marine Petroleum Network Inc. will post $1.24 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 9th. Stockholders of record on Wednesday, August 24th were given a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 0.83%. The ex-dividend date was Monday, August 22nd. Aegean Marine Petroleum Network’s dividend payout ratio is currently 9.41%.

Several equities analysts have recently commented on ANW shares. Zacks Investment Research raised Aegean Marine Petroleum Network from a “hold” rating to a “strong-buy” rating and set a $10.00 target price for the company in a report on Monday, August 15th. Jefferies Group reaffirmed a “buy” rating on shares of Aegean Marine Petroleum Network in a report on Monday, August 29th.

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.

5 Day Chart for NYSE:ANW

Want to see what other hedge funds are holding ANW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Aegean Marine Petroleum Network Inc. (NYSE:ANW).

Receive News & Ratings for Aegean Marine Petroleum Network Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aegean Marine Petroleum Network Inc. and related companies with MarketBeat.com's FREE daily email newsletter.