Global X Management Co. LLC reduced its position in Aegean Marine Petroleum Network Inc. (NYSE:ANW) by 25.1% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 572,726 shares of the company’s stock after selling 191,807 shares during the period. Global X Management Co. LLC’s holdings in Aegean Marine Petroleum Network were worth $5,727,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently modified their holdings of ANW. BB&T Securities LLC boosted its position in shares of Aegean Marine Petroleum Network by 186.9% in the second quarter. BB&T Securities LLC now owns 155,523 shares of the company’s stock worth $855,000 after buying an additional 101,320 shares during the last quarter. Nomura Holdings Inc. purchased a new position in shares of Aegean Marine Petroleum Network during the second quarter worth about $144,000. Systematic Financial Management LP boosted its position in shares of Aegean Marine Petroleum Network by 72.1% in the second quarter. Systematic Financial Management LP now owns 266,345 shares of the company’s stock worth $1,464,000 after buying an additional 111,560 shares during the last quarter. Towle & Co. boosted its position in shares of Aegean Marine Petroleum Network by 22.8% in the second quarter. Towle & Co. now owns 2,172,838 shares of the company’s stock worth $11,951,000 after buying an additional 403,020 shares during the last quarter. Finally, Schneider Capital Management Corp boosted its position in shares of Aegean Marine Petroleum Network by 15.7% in the second quarter. Schneider Capital Management Corp now owns 1,708,680 shares of the company’s stock worth $9,398,000 after buying an additional 232,188 shares during the last quarter. 71.84% of the stock is owned by institutional investors and hedge funds.

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

Shares of Aegean Marine Petroleum Network Inc. (NYSE:ANW) traded up 4.65% during midday trading on Wednesday, hitting $11.25. The stock had a trading volume of 387,730 shares. The firm’s 50-day moving average price is $9.34 and its 200-day moving average price is $8.14. The stock has a market cap of $443.28 million, a price-to-earnings ratio of 12.16 and a beta of 2.88. Aegean Marine Petroleum Network Inc. has a 1-year low of $5.00 and a 1-year high of $11.41.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 14th. Investors of record on Wednesday, November 30th will be issued a dividend of $0.02 per share. The ex-dividend date of this dividend is Monday, November 28th. This represents a $0.08 dividend on an annualized basis and a yield of 0.71%. Aegean Marine Petroleum Network’s dividend payout ratio is presently 8.60%.

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A number of equities analysts have issued reports on ANW shares. Zacks Investment Research cut Aegean Marine Petroleum Network from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 18th. Jefferies Group reaffirmed a “buy” rating on shares of Aegean Marine Petroleum Network in a report on Monday, August 29th.

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.

5 Day Chart for NYSE:ANW

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