Aegean Marine Petroleum Network Inc. (NYSE:ANW) has earned an average rating of “Buy” from the six ratings firms that are currently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $7.67.

A number of equities analysts have weighed in on ANW shares. Clarkson Capital upgraded shares of Aegean Marine Petroleum Network from a “neutral” rating to a “buy” rating and set a $6.00 price target for the company in a research report on Friday, August 11th. Stifel Nicolaus reiterated a “buy” rating and issued a $9.00 price target on shares of Aegean Marine Petroleum Network in a research report on Friday, July 21st. Zacks Investment Research lowered shares of Aegean Marine Petroleum Network from a “hold” rating to a “strong sell” rating in a research report on Friday, May 26th. ValuEngine lowered shares of Aegean Marine Petroleum Network from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $8.00 price target on shares of Aegean Marine Petroleum Network in a research report on Friday, August 11th.

Several large investors have recently modified their holdings of the stock. Senvest Management LLC boosted its position in shares of Aegean Marine Petroleum Network by 19.5% during the second quarter. Senvest Management LLC now owns 5,284,894 shares of the oil and gas company’s stock worth $30,917,000 after acquiring an additional 862,860 shares during the last quarter. Ameriprise Financial Inc. boosted its position in shares of Aegean Marine Petroleum Network by 65.7% during the second quarter. Ameriprise Financial Inc. now owns 2,668,192 shares of the oil and gas company’s stock worth $15,609,000 after acquiring an additional 1,058,187 shares during the last quarter. Schneider Capital Management Corp boosted its position in shares of Aegean Marine Petroleum Network by 4.1% during the second quarter. Schneider Capital Management Corp now owns 1,959,528 shares of the oil and gas company’s stock worth $11,463,000 after acquiring an additional 77,800 shares during the last quarter. Raging Capital Management LLC boosted its position in shares of Aegean Marine Petroleum Network by 78.8% during the first quarter. Raging Capital Management LLC now owns 1,173,590 shares of the oil and gas company’s stock worth $14,142,000 after acquiring an additional 517,399 shares during the last quarter. Finally, Franklin Resources Inc. boosted its position in shares of Aegean Marine Petroleum Network by 77.8% during the second quarter. Franklin Resources Inc. now owns 930,000 shares of the oil and gas company’s stock worth $5,441,000 after acquiring an additional 407,000 shares during the last quarter. Hedge funds and other institutional investors own 70.57% of the company’s stock.

Shares of Aegean Marine Petroleum Network (NYSE ANW) opened at 4.80 on Wednesday. The stock has a market capitalization of $195.04 million, a PE ratio of 6.96 and a beta of 2.21. Aegean Marine Petroleum Network has a 1-year low of $4.20 and a 1-year high of $13.10. The firm has a 50-day moving average of $4.86 and a 200 day moving average of $7.90.

Aegean Marine Petroleum Network (NYSE:ANW) last posted its quarterly earnings results on Thursday, August 10th. The oil and gas company reported $0.21 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.10. The business had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.29 billion. Aegean Marine Petroleum Network had a net margin of 0.56% and a return on equity of 7.97%. The company’s revenue was up 45.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.32 earnings per share. Analysts predict that Aegean Marine Petroleum Network will post $0.46 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, September 7th. Investors of record on Thursday, August 24th were given a dividend of $0.02 per share. The ex-dividend date was Tuesday, August 22nd. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.67%. Aegean Marine Petroleum Network’s dividend payout ratio is 11.43%.

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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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