Woodmont Investment Counsel LLC trimmed its position in shares of Aegean Marine Petroleum Network Inc. (NYSE:ANW) by 80.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,039 shares of the oil and gas company’s stock after selling 95,100 shares during the period. Woodmont Investment Counsel LLC owned about 0.06% of Aegean Marine Petroleum Network worth $135,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Karp Capital Management Corp bought a new position in Aegean Marine Petroleum Network during the 1st quarter valued at about $152,000. Northern Trust Corp grew its holdings in Aegean Marine Petroleum Network by 107.8% during the 2nd quarter. Northern Trust Corp now owns 31,785 shares of the oil and gas company’s stock valued at $187,000 after purchasing an additional 16,489 shares during the last quarter. ClariVest Asset Management LLC grew its holdings in Aegean Marine Petroleum Network by 5.4% during the 1st quarter. ClariVest Asset Management LLC now owns 16,454 shares of the oil and gas company’s stock valued at $198,000 after purchasing an additional 840 shares during the last quarter. Koch Industries Inc. bought a new position in Aegean Marine Petroleum Network during the 1st quarter valued at about $267,000. Finally, MARSHALL WACE ASIA Ltd bought a new position in Aegean Marine Petroleum Network during the 1st quarter valued at about $418,000. Institutional investors own 70.57% of the company’s stock.

Several equities analysts recently commented on the stock. Zacks Investment Research upgraded shares of Aegean Marine Petroleum Network from a “sell” rating to a “hold” rating in a report on Wednesday, August 16th. Jefferies Group LLC reiterated a “buy” rating and set a $8.00 price target on shares of Aegean Marine Petroleum Network in a report on Friday, August 11th. Stifel Nicolaus downgraded shares of Aegean Marine Petroleum Network from a “buy” rating to a “hold” rating and cut their price target for the company from $18.00 to $9.00 in a report on Wednesday, May 24th. Clarkson Capital upgraded shares of Aegean Marine Petroleum Network from a “neutral” rating to a “buy” rating and set a $6.00 price target on the stock in a report on Friday, August 11th. Finally, ValuEngine downgraded shares of Aegean Marine Petroleum Network from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Aegean Marine Petroleum Network presently has a consensus rating of “Buy” and a consensus price target of $8.75.

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Aegean Marine Petroleum Network Inc. (NYSE:ANW) traded up 2.47% during midday trading on Thursday, reaching $4.15. 106,333 shares of the company’s stock traded hands. The firm’s 50-day moving average is $4.78 and its 200-day moving average is $7.64. Aegean Marine Petroleum Network Inc. has a 1-year low of $4.10 and a 1-year high of $13.10. The company has a market capitalization of $168.63 million, a price-to-earnings ratio of 6.01 and a beta of 2.21.

Aegean Marine Petroleum Network (NYSE:ANW) last announced its quarterly earnings results on Thursday, August 10th. The oil and gas company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.10. Aegean Marine Petroleum Network had a net margin of 0.56% and a return on equity of 7.97%. The business had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same period last year, the business earned $0.32 earnings per share. The business’s revenue for the quarter was up 45.9% on a year-over-year basis. Analysts forecast that Aegean Marine Petroleum Network Inc. will post $0.46 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, September 7th. Shareholders of record on Thursday, August 24th were given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date was Tuesday, August 22nd. Aegean Marine Petroleum Network’s dividend payout ratio is presently 11.43%.

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.

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

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