Aegean Marine Petroleum Network Inc. (NYSE:ANW) – Stock analysts at Jefferies Group boosted their FY2016 earnings per share (EPS) estimates for shares of Aegean Marine Petroleum Network in a note issued to investors on Thursday. Jefferies Group analyst D. Mavrinac now anticipates that the firm will post earnings per share of $1.34 for the year, up from their prior estimate of $1.26. Jefferies Group has a “Buy” rating on the stock.

Separately, Zacks Investment Research upgraded Aegean Marine Petroleum Network from a “sell” rating to a “hold” rating in a research note on Tuesday, July 26th.

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

Shares of Aegean Marine Petroleum Network (NYSE:ANW) opened at 10.70 on Monday. The stock has a market cap of $513.16 million, a PE ratio of 11.41 and a beta of 2.88. Aegean Marine Petroleum Network has a 52-week low of $5.00 and a 52-week high of $11.41. The company’s 50-day moving average price is $9.27 and its 200-day moving average price is $8.06.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Foundry Partners LLC boosted its position in Aegean Marine Petroleum Network by 16.4% in the second quarter. Foundry Partners LLC now owns 332,825 shares of the company’s stock valued at $1,831,000 after buying an additional 46,840 shares during the last quarter. Shah Capital Management acquired a new position in Aegean Marine Petroleum Network during the second quarter valued at about $1,330,000. Acadian Asset Management LLC boosted its position in 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 valued at $6,682,000 after buying an additional 205,559 shares during the last quarter. Smith Asset Management Group LP boosted its position in 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 valued at $160,000 after buying an additional 11,900 shares during the last quarter. Finally, Towle & Co. boosted its position in Aegean Marine Petroleum Network by 22.8% in the second quarter. Towle & Co. now owns 2,172,838 shares of the company’s stock valued at $11,951,000 after buying an additional 403,020 shares during the last quarter. 65.93% of the stock is owned by institutional investors.

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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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