Aegean Marine Petroleum Network Inc. (ANW) Major Shareholder & Co Towle Acquires 49,000 Shares

Aegean Marine Petroleum Network Inc. (NYSE:ANW) major shareholder & Co Towle acquired 49,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 16th. The stock was bought at an average cost of $4.66 per share, with a total value of $228,340.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

& Co Towle also recently made the following trade(s):

  • On Friday, December 21st, & Co Towle sold 100 shares of Aegean Marine Petroleum Network stock. The shares were sold at an average price of $4.08, for a total transaction of $408.00.

Aegean Marine Petroleum Network Inc. (NYSE:ANW) opened at $4.80 on Friday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.56 and a quick ratio of 1.19. Aegean Marine Petroleum Network Inc. has a 12-month low of $3.20 and a 12-month high of $13.00. The stock has a market cap of $195.07, a P/E ratio of 7.87 and a beta of 2.09.

Aegean Marine Petroleum Network (NYSE:ANW) last announced its quarterly earnings results on Wednesday, November 15th. The oil and gas company reported ($0.10) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.20). Aegean Marine Petroleum Network had a net margin of 0.28% and a return on equity of 4.26%. The business had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same quarter last year, the company posted $0.36 earnings per share. The company’s revenue was up 17.9% compared to the same quarter last year. equities research analysts predict that Aegean Marine Petroleum Network Inc. will post 0.01 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently made changes to their positions in ANW. Franklin Resources Inc. increased its position in Aegean Marine Petroleum Network by 77.8% in the 2nd quarter. Franklin Resources Inc. now owns 930,000 shares of the oil and gas company’s stock valued at $5,441,000 after acquiring an additional 407,000 shares during the period. Wells Fargo & Company MN increased its position in Aegean Marine Petroleum Network by 47.8% in the 2nd quarter. Wells Fargo & Company MN now owns 113,712 shares of the oil and gas company’s stock valued at $665,000 after acquiring an additional 36,762 shares during the period. Ameriprise Financial Inc. increased its position in Aegean Marine Petroleum Network by 65.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 2,668,192 shares of the oil and gas company’s stock valued at $15,609,000 after acquiring an additional 1,058,187 shares during the period. Northern Trust Corp increased its position in Aegean Marine Petroleum Network by 107.8% in the 2nd quarter. Northern Trust Corp now owns 31,785 shares of the oil and gas company’s stock valued at $187,000 after acquiring an additional 16,489 shares during the period. Finally, MML Investors Services LLC increased its position in Aegean Marine Petroleum Network by 68.8% in the 2nd quarter. MML Investors Services LLC now owns 41,857 shares of the oil and gas company’s stock valued at $245,000 after acquiring an additional 17,065 shares during the period. Hedge funds and other institutional investors own 62.31% of the company’s stock.

ANW has been the subject of several research reports. Stifel Nicolaus dropped their price objective on shares of Aegean Marine Petroleum Network from $9.00 to $8.00 and set a “buy” rating for the company in a research note on Wednesday, November 8th. Zacks Investment Research downgraded shares of Aegean Marine Petroleum Network from a “hold” rating to a “sell” rating in a research note on Wednesday, October 4th. Jefferies Group started coverage on shares of Aegean Marine Petroleum Network in a research note on Monday, December 18th. They issued a “buy” rating and a $7.00 price objective for the company. Finally, ValuEngine cut shares of Aegean Marine Petroleum Network from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $7.00.

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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.

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