LSV Asset Management cut its stake in shares of Aegean Marine Petroleum Network Inc. (NYSE:ANW) by 2.9% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 412,352 shares of the oil and gas company’s stock after selling 12,500 shares during the period. LSV Asset Management’s holdings in Aegean Marine Petroleum Network were worth $1,773,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the company. State Street Corp grew its position in shares of Aegean Marine Petroleum Network by 9.1% during the second quarter. State Street Corp now owns 39,837 shares of the oil and gas company’s stock worth $233,000 after buying an additional 3,324 shares in the last quarter. American Century Companies Inc. boosted its holdings in Aegean Marine Petroleum Network by 2.3% in the third quarter. American Century Companies Inc. now owns 533,385 shares of the oil and gas company’s stock valued at $2,640,000 after purchasing an additional 11,824 shares in the last quarter. Virtu KCG Holdings LLC boosted its holdings in Aegean Marine Petroleum Network by 107.7% in the second quarter. Virtu KCG Holdings LLC now owns 30,364 shares of the oil and gas company’s stock valued at $178,000 after purchasing an additional 15,746 shares in the last quarter. Northern Trust Corp boosted its holdings in Aegean Marine Petroleum Network by 107.8% in the second quarter. Northern Trust Corp now owns 31,785 shares of the oil and gas company’s stock valued at $187,000 after purchasing an additional 16,489 shares in the last quarter. Finally, Macquarie Group Ltd. acquired a new position in Aegean Marine Petroleum Network in the third quarter valued at approximately $109,000. 61.18% of the stock is owned by institutional investors and hedge funds.

Aegean Marine Petroleum Network Inc. (ANW) opened at $4.45 on Thursday. The company has a quick ratio of 1.19, a current ratio of 1.56 and a debt-to-equity ratio of 0.71. The stock has a market capitalization of $180.85, a P/E ratio of 11.41 and a beta of 1.90. Aegean Marine Petroleum Network Inc. has a fifty-two week low of $3.20 and a fifty-two week high of $13.00.

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 Zacks’ consensus estimate of $0.10 by ($0.20). The business had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.31 billion. Aegean Marine Petroleum Network had a net margin of 0.28% and a return on equity of 4.26%. The business’s revenue for the quarter was up 17.9% compared to the same quarter last year. During the same period last year, the company earned $0.36 earnings per share. equities analysts anticipate that Aegean Marine Petroleum Network Inc. will post 0.01 EPS for the current fiscal year.

In other news, major shareholder Shah Capital Opportunity Fund acquired 6,200 shares of Aegean Marine Petroleum Network stock in a transaction on Friday, December 29th. The stock was bought at an average price of $4.25 per share, for a total transaction of $26,350.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Justin Moore acquired 84,411 shares of Aegean Marine Petroleum Network stock in a transaction on Tuesday, February 6th. The stock was purchased at an average price of $4.68 per share, with a total value of $395,043.48. The disclosure for this purchase can be found here. Insiders purchased 251,631 shares of company stock valued at $1,173,028 over the last ninety days.

ANW has been the subject of a number of research analyst reports. Jefferies Group initiated coverage on Aegean Marine Petroleum Network in a report on Monday, December 18th. They issued a “buy” rating and a $7.00 price target for the company. ValuEngine raised Aegean Marine Petroleum Network from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Stifel Nicolaus lowered their price target on Aegean Marine Petroleum Network from $9.00 to $8.00 and set a “buy” rating for the company in a report on Wednesday, November 8th. Finally, Zacks Investment Research downgraded Aegean Marine Petroleum Network from a “hold” rating to a “sell” rating in a report on Friday, November 10th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price 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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Institutional Ownership by Quarter for Aegean Marine Petroleum Network (NYSE:ANW)

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