Aegean Marine Petroleum Network (ANW) Shares Down 10.3%

Aegean Marine Petroleum Network Inc. (NYSE:ANW) traded down 10.3% during mid-day trading on Monday . The company traded as low as $2.45 and last traded at $2.60. 518,280 shares traded hands during trading, a decline of 4% from the average session volume of 537,763 shares. The stock had previously closed at $2.90.

A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Aegean Marine Petroleum Network from a “hold” rating to a “sell” rating in a research report on Tuesday. ValuEngine downgraded shares of Aegean Marine Petroleum Network from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. TheStreet downgraded shares of Aegean Marine Petroleum Network from a “c-” rating to a “d” rating in a research report on Thursday, March 8th. Finally, Stifel Nicolaus downgraded shares of Aegean Marine Petroleum Network from a “buy” rating to a “hold” rating and set a $3.00 price objective for the company. in a research report on Friday, February 23rd. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $5.33.

The firm has a market capitalization of $105.67, a price-to-earnings ratio of -4.91 and a beta of 2.31. The company has a current ratio of 1.56, a quick ratio of 1.19 and a debt-to-equity ratio of 0.71.

Aegean Marine Petroleum Network (NYSE:ANW) last issued its earnings results on Wednesday, March 7th. The oil and gas company reported ($0.48) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.42). The firm had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.42 billion. Aegean Marine Petroleum Network had a negative return on equity of 1.72% and a negative net margin of 0.52%. equities analysts predict that Aegean Marine Petroleum Network Inc. will post 0.47 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 4th. Investors of record on Wednesday, March 21st were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 1.54%. The ex-dividend date of this dividend was Tuesday, March 20th. Aegean Marine Petroleum Network’s dividend payout ratio is currently -7.55%.

In other news, major shareholder Justin Moore bought 84,411 shares of the company’s stock in a transaction that occurred on Tuesday, February 6th. The stock was bought at an average price of $4.68 per share, with a total value of $395,043.48. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders purchased a total of 140,336 shares of company stock valued at $660,082 in the last ninety days.

A number of institutional investors have recently modified their holdings of ANW. Northern Trust Corp boosted its holdings 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 worth $187,000 after buying an additional 16,489 shares during the period. State Street Corp lifted its stake in Aegean Marine Petroleum Network by 9.1% in the 2nd quarter. State Street Corp now owns 39,837 shares of the oil and gas company’s stock worth $233,000 after purchasing an additional 3,324 shares in the last quarter. Macquarie Group Ltd. lifted its stake in Aegean Marine Petroleum Network by 175.1% in the 4th quarter. Macquarie Group Ltd. now owns 60,753 shares of the oil and gas company’s stock worth $261,000 after purchasing an additional 38,671 shares in the last quarter. Global X Management Co. LLC lifted its stake in Aegean Marine Petroleum Network by 2.2% in the 4th quarter. Global X Management Co. LLC now owns 659,251 shares of the oil and gas company’s stock worth $2,835,000 after purchasing an additional 14,371 shares in the last quarter. Finally, Shah Capital Management lifted its stake in Aegean Marine Petroleum Network by 81.5% in the 4th quarter. Shah Capital Management now owns 865,000 shares of the oil and gas company’s stock worth $3,719,000 after purchasing an additional 388,290 shares in the last quarter. 54.76% of the stock is owned by institutional investors.

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Aegean Marine Petroleum Network Company Profile

Aegean Marine Petroleum Network Inc, together with its subsidiaries, operates as a marine fuel logistics company that markets and supplies refined marine fuel and lubricants to vessels in port, at sea, and on rivers worldwide. The company offers fueling services to ocean-going and a range of coastal vessels, including oil tankers, container ships, drybulk carriers, cruise ships, reefers, LNG/LPG carriers, car carriers, and ferries, as well as to marine fuel traders, brokers, and other end-users of marine fuel and lubricants.

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