Aegean Marine Petroleum Network Inc. (ANW) Stake Lowered by Wells Fargo & Company MN

Wells Fargo & Company MN lowered its holdings in Aegean Marine Petroleum Network Inc. (NYSE:ANW) by 63.2% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 41,869 shares of the oil and gas company’s stock after selling 71,843 shares during the quarter. Wells Fargo & Company MN’s holdings in Aegean Marine Petroleum Network were worth $207,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Macquarie Group Ltd. acquired a new stake in shares of Aegean Marine Petroleum Network in the 3rd quarter valued at about $109,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Aegean Marine Petroleum Network in the 3rd quarter valued at about $115,000. Verition Fund Management LLC acquired a new stake in shares of Aegean Marine Petroleum Network in the 2nd quarter valued at about $163,000. Virtu KCG Holdings LLC boosted its position in shares of Aegean Marine Petroleum Network by 107.7% in the 2nd 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 during the period. Finally, Northern Trust Corp boosted its position in shares of 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 valued at $187,000 after purchasing an additional 16,489 shares during the period. Institutional investors and hedge funds own 62.96% of the company’s stock.

Shares of Aegean Marine Petroleum Network Inc. (NYSE ANW) opened at $4.55 on Friday. Aegean Marine Petroleum Network Inc. has a 1 year low of $3.20 and a 1 year high of $13.00. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.19 and a current ratio of 1.56. The firm has a market capitalization of $191.01, a P/E ratio of 7.70 and a beta of 1.90.

Aegean Marine Petroleum Network (NYSE:ANW) last posted its quarterly earnings data on Wednesday, November 15th. The oil and gas company reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.20). Aegean Marine Petroleum Network had a return on equity of 4.26% and a net margin of 0.28%. The company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same period in the previous year, the business posted $0.36 earnings per share. The firm’s revenue was up 17.9% compared to the same quarter last year. equities analysts predict that Aegean Marine Petroleum Network Inc. will post 0.01 earnings per share for the current fiscal year.

A number of brokerages recently issued reports on ANW. Stifel Nicolaus reissued a “buy” rating on shares of Aegean Marine Petroleum Network in a research report on Tuesday, October 24th. ValuEngine cut Aegean Marine Petroleum Network from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. Jefferies Group assumed coverage on Aegean Marine Petroleum Network in a research report on Monday, December 18th. They set a “buy” rating and a $7.00 price objective for the company. Finally, Zacks Investment Research cut Aegean Marine Petroleum Network from a “hold” rating to a “sell” rating in a research report on Friday, November 10th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $7.00.

In other Aegean Marine Petroleum Network news, major shareholder & Co Towle purchased 49,000 shares of Aegean Marine Petroleum Network stock in a transaction dated Tuesday, January 16th. The stock was acquired at an average cost of $4.66 per share, with a total value of $228,340.00. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Justin Moore purchased 84,411 shares of Aegean Marine Petroleum Network stock in a transaction dated Tuesday, February 6th. The stock was acquired at an average cost of $4.68 per share, with a total value of $395,043.48. The disclosure for this purchase can be found here. Insiders have acquired a total of 251,631 shares of company stock valued at $1,173,028 over the last ninety days.

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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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