Dynamic Technology Lab Private Ltd purchased a new stake in shares of Aegean Marine Petroleum Network Inc. (NYSE:ANW) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 23,383 shares of the oil and gas company’s stock, valued at approximately $115,000. Dynamic Technology Lab Private Ltd owned 0.06% of Aegean Marine Petroleum Network at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in ANW. Macquarie Group Ltd. bought a new stake in Aegean Marine Petroleum Network during the third quarter valued at about $109,000. Ameriprise Financial Inc. boosted its position in Aegean Marine Petroleum Network by 7.8% during the third quarter. Ameriprise Financial Inc. now owns 2,876,743 shares of the oil and gas company’s stock valued at $14,239,000 after purchasing an additional 208,551 shares in the last quarter. American Century Companies Inc. boosted its position in Aegean Marine Petroleum Network by 2.3% during the third quarter. American Century Companies Inc. now owns 533,385 shares of the oil and gas company’s stock valued at $2,640,000 after purchasing an additional 11,824 shares in the last quarter. Foundry Partners LLC boosted its position in Aegean Marine Petroleum Network by 5.3% during the third quarter. Foundry Partners LLC now owns 651,234 shares of the oil and gas company’s stock valued at $3,224,000 after purchasing an additional 33,033 shares in the last quarter. Finally, Verition Fund Management LLC bought a new stake in Aegean Marine Petroleum Network during the second quarter valued at about $163,000. Hedge funds and other institutional investors own 62.48% of the company’s stock.

Shares of Aegean Marine Petroleum Network Inc. (ANW) opened at $4.15 on Friday. The company has a quick ratio of 1.19, a current ratio of 1.56 and a debt-to-equity ratio of 0.71. The firm has a market capitalization of $168.66, a PE ratio of 6.80 and a beta of 2.08. Aegean Marine Petroleum Network Inc. has a twelve month low of $3.20 and a twelve month high of $13.10.

Aegean Marine Petroleum Network (NYSE:ANW) last issued its quarterly earnings results on Wednesday, November 15th. The oil and gas company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.20). The business had revenue of $1.34 billion during 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%. Aegean Marine Petroleum Network’s revenue was up 17.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.36 EPS. sell-side analysts forecast that Aegean Marine Petroleum Network Inc. will post 0.01 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 13th. Shareholders of record on Wednesday, November 29th will be issued a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 1.93%. The ex-dividend date is Tuesday, November 28th. Aegean Marine Petroleum Network’s dividend payout ratio is presently 21.05%.

A number of brokerages recently weighed in on ANW. ValuEngine raised Aegean Marine Petroleum Network from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Jefferies Group reaffirmed a “buy” rating and set a $7.00 price objective on shares of Aegean Marine Petroleum Network in a research report on Friday, November 17th. Zacks Investment Research downgraded Aegean Marine Petroleum Network from a “hold” rating to a “sell” rating in a research report on Friday, November 10th. Finally, Stifel Nicolaus lowered their price target on Aegean Marine Petroleum Network from $9.00 to $8.00 and set a “buy” rating for the company in a report on Wednesday, November 8th. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $7.00.

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Aegean Marine Petroleum Network 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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