Aegean Marine Petroleum Network Inc. (NYSE:ANW) – Stock analysts at Jefferies Group raised their Q4 2016 earnings per share (EPS) estimates for Aegean Marine Petroleum Network in a research report issued to clients and investors on Thursday. Jefferies Group analyst D. Mavrinac now expects that the brokerage will post earnings per share of $0.42 for the quarter, up from their previous forecast of $0.36. Jefferies Group currently has a “Buy” rating on the stock. Jefferies Group also issued estimates for Aegean Marine Petroleum Network’s FY2017 earnings at $1.80 EPS.

Separately, Zacks Investment Research raised Aegean Marine Petroleum Network from a “hold” rating to a “strong-buy” rating and set a $12.00 price target for the company in a research report on Friday.

Earnings History and Estimates for Aegean Marine Petroleum Network (NYSE:ANW)

Shares of Aegean Marine Petroleum Network (NYSE:ANW) opened at 10.70 on Friday. The stock has a market cap of $542.44 million, a P/E ratio of 12.74 and a beta of 2.88. The firm’s 50-day moving average price is $9.29 and its 200 day moving average price is $7.94. Aegean Marine Petroleum Network has a one year low of $5.00 and a one year high of $11.41.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 14th. Stockholders of record on Wednesday, November 30th will be given a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date is Monday, November 28th. Aegean Marine Petroleum Network’s dividend payout ratio is currently 8.60%.

Large investors have recently made changes to their positions in the stock. Foundry Partners LLC increased its stake in shares of Aegean Marine Petroleum Network by 16.4% in the second quarter. Foundry Partners LLC now owns 332,825 shares of the company’s stock worth $1,831,000 after buying an additional 46,840 shares in the last quarter. Shah Capital Management acquired a new stake in shares of Aegean Marine Petroleum Network during the second quarter worth approximately $1,330,000. Acadian Asset Management LLC increased its stake in shares of Aegean Marine Petroleum Network by 20.4% in the second quarter. Acadian Asset Management LLC now owns 1,215,328 shares of the company’s stock worth $6,682,000 after buying an additional 205,559 shares in the last quarter. Smith Asset Management Group LP increased its stake in shares of Aegean Marine Petroleum Network by 69.3% in the second quarter. Smith Asset Management Group LP now owns 29,080 shares of the company’s stock worth $160,000 after buying an additional 11,900 shares in the last quarter. Finally, Towle & Co. increased its stake 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 in the last quarter. 69.25% of the stock is owned by institutional investors and hedge funds.

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.

5 Day Chart for NYSE:ANW

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