Aegean Marine Petroleum Network Inc. (ANW) Stake Lifted by American Century Companies Inc.

American Century Companies Inc. grew its holdings in Aegean Marine Petroleum Network Inc. (NYSE:ANW) by 2.3% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 533,385 shares of the oil and gas company’s stock after acquiring an additional 11,824 shares during the quarter. American Century Companies Inc. owned about 1.31% of Aegean Marine Petroleum Network worth $2,640,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in ANW. Bank of New York Mellon Corp increased its holdings in shares of Aegean Marine Petroleum Network by 4.7% in the 1st quarter. Bank of New York Mellon Corp now owns 80,427 shares of the oil and gas company’s stock valued at $969,000 after acquiring an additional 3,617 shares during the last quarter. Hodges Capital Management Inc. boosted its position in shares of Aegean Marine Petroleum Network by 12.3% in the 2nd quarter. Hodges Capital Management Inc. now owns 496,330 shares of the oil and gas company’s stock valued at $2,904,000 after purchasing an additional 54,253 shares during the period. Global X Management Co. LLC boosted its position in shares of Aegean Marine Petroleum Network by 36.6% in the 2nd quarter. Global X Management Co. LLC now owns 710,826 shares of the oil and gas company’s stock valued at $4,158,000 after purchasing an additional 190,471 shares during the period. BB&T Securities LLC boosted its position in shares of Aegean Marine Petroleum Network by 76.8% in the 2nd quarter. BB&T Securities LLC now owns 189,907 shares of the oil and gas company’s stock valued at $1,110,000 after purchasing an additional 82,500 shares during the period. Finally, Marshall Wace North America L.P. boosted its position in shares of Aegean Marine Petroleum Network by 103.0% in the 2nd quarter. Marshall Wace North America L.P. now owns 70,755 shares of the oil and gas company’s stock valued at $425,000 after purchasing an additional 35,893 shares during the period. Institutional investors and hedge funds own 68.03% of the company’s stock.

Shares of Aegean Marine Petroleum Network Inc. (ANW) opened at $3.90 on Monday. The stock has a market capitalization of $158.50, a PE ratio of 6.39 and a beta of 2.17. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.56 and a quick ratio of 1.19. Aegean Marine Petroleum Network Inc. has a 1 year low of $3.20 and a 1 year high of $13.10.

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. research analysts anticipate that Aegean Marine Petroleum Network Inc. will post 0.01 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 13th. Shareholders of record on Wednesday, November 29th will be given a dividend of $0.02 per share. The ex-dividend date is Tuesday, November 28th. This represents a $0.08 dividend on an annualized basis and a yield of 2.05%. Aegean Marine Petroleum Network’s payout ratio is 21.05%.

A number of brokerages recently issued reports on ANW. Zacks Investment Research raised Aegean Marine Petroleum Network from a “sell” rating to a “hold” rating in a research report on Wednesday, August 16th. Jefferies Group LLC reissued a “buy” rating and issued a $8.00 target price on shares of Aegean Marine Petroleum Network in a research report on Friday, August 11th. Stifel Nicolaus decreased their target price on Aegean Marine Petroleum Network from $9.00 to $8.00 and set a “buy” rating for the company in a research report on Wednesday, November 8th. ValuEngine raised Aegean Marine Petroleum Network from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Finally, Clarkson Capital raised Aegean Marine Petroleum Network from a “neutral” rating to a “buy” rating and set a $6.00 target price for the company in a research report on Friday, August 11th. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average 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.

Institutional Ownership by Quarter for Aegean Marine Petroleum Network (NYSE:ANW)

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