Aegean Marine Petroleum Network Inc. (ANW) Major Shareholder & Co Towle Buys 49,000 Shares

Aegean Marine Petroleum Network Inc. (NYSE:ANW) major shareholder & Co Towle purchased 49,000 shares of the business’s stock in a transaction dated Tuesday, January 16th. The stock was purchased at an average price of $4.66 per share, for a total transaction of $228,340.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

& Co Towle also recently made the following trade(s):

  • On Friday, December 21st, & Co Towle sold 100 shares of Aegean Marine Petroleum Network stock. The stock was sold at an average price of $4.08, for a total value of $408.00.

Shares of Aegean Marine Petroleum Network Inc. (NYSE:ANW) traded up $0.08 during trading hours on Friday, hitting $4.78. 112,857 shares of the stock traded hands, compared to its average volume of 293,981. The company has a market capitalization of $194.06, a P/E ratio of 12.26 and a beta of 2.09. The company has a current ratio of 1.56, a quick ratio of 1.19 and a debt-to-equity ratio of 0.71. Aegean Marine Petroleum Network Inc. has a 52-week low of $3.20 and a 52-week high of $13.00.

Aegean Marine Petroleum Network (NYSE:ANW) last issued its quarterly earnings data on Wednesday, November 15th. The oil and gas company reported ($0.10) EPS for the quarter, missing the consensus estimate of $0.10 by ($0.20). The firm had revenue of $1.34 billion for the quarter, compared to the consensus estimate 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 was up 17.9% on a year-over-year basis. During the same period last year, the company posted $0.36 earnings per share. equities research analysts expect that Aegean Marine Petroleum Network Inc. will post 0.01 earnings per share for the current fiscal year.

A number of analysts have weighed in on the company. Zacks Investment Research upgraded Aegean Marine Petroleum Network from a “sell” rating to a “hold” rating in a report on Wednesday, October 11th. ValuEngine raised shares of Aegean Marine Petroleum Network from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Stifel Nicolaus reaffirmed a “buy” rating on shares of Aegean Marine Petroleum Network in a research note on Tuesday, October 24th. Finally, Jefferies Group reaffirmed a “buy” rating and set a $7.00 price objective on shares of Aegean Marine Petroleum Network in a research note on Friday, November 17th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $7.00.

Several large investors have recently modified their holdings of ANW. Macquarie Group Ltd. bought a new position in shares of Aegean Marine Petroleum Network during the third quarter valued at about $109,000. Dynamic Technology Lab Private Ltd bought a new position in Aegean Marine Petroleum Network during the third quarter valued at approximately $115,000. Verition Fund Management LLC bought a new position in Aegean Marine Petroleum Network during the second quarter valued at approximately $163,000. Virtu KCG Holdings LLC lifted its position in Aegean Marine Petroleum Network by 107.7% during 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 during the period. Finally, Northern Trust Corp lifted its position in Aegean Marine Petroleum Network by 107.8% during 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 during the period. 62.31% of the stock is owned by hedge funds and other 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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