Justin Moore Acquires 84,411 Shares of Aegean Marine Petroleum Network Inc. (NYSE:ANW) Stock

Aegean Marine Petroleum Network Inc. (NYSE:ANW) major shareholder Justin Moore bought 84,411 shares of the stock in a transaction dated Tuesday, February 6th. The stock was bought at an average price of $4.68 per share, for a total transaction of $395,043.48. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Justin Moore also recently made the following trade(s):

  • On Tuesday, January 30th, Justin Moore bought 30,925 shares of Aegean Marine Petroleum Network stock. The stock was bought at an average price of $4.69 per share, for a total transaction of $145,038.25.
  • On Friday, January 26th, Justin Moore bought 25,000 shares of Aegean Marine Petroleum Network stock. The stock was bought at an average price of $4.80 per share, for a total transaction of $120,000.00.
  • On Wednesday, January 24th, Justin Moore bought 6,095 shares of Aegean Marine Petroleum Network stock. The stock was bought at an average price of $4.80 per share, for a total transaction of $29,256.00.

Shares of Aegean Marine Petroleum Network Inc. (NYSE ANW) traded up $0.05 during trading on Thursday, hitting $4.50. The company’s stock had a trading volume of 35,086 shares, compared to its average volume of 238,252. Aegean Marine Petroleum Network Inc. has a fifty-two week low of $3.20 and a fifty-two week high of $13.00. The firm has a market capitalization of $182.88, a PE ratio of 11.84 and a beta of 1.90. The company has a quick ratio of 1.19, a current ratio of 1.56 and a debt-to-equity ratio of 0.71.

Aegean Marine Petroleum Network (NYSE:ANW) last announced its earnings results on Wednesday, November 15th. The oil and gas company reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.20). Aegean Marine Petroleum Network had a net margin of 0.28% and a return on equity of 4.26%. The firm 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 company earned $0.36 EPS. Aegean Marine Petroleum Network’s revenue was up 17.9% compared to the same quarter last year. equities analysts forecast that Aegean Marine Petroleum Network Inc. will post 0.01 EPS for the current fiscal year.

Several large investors have recently bought and sold shares of the stock. State Street Corp increased its holdings in shares of Aegean Marine Petroleum Network by 9.1% in the second quarter. State Street Corp now owns 39,837 shares of the oil and gas company’s stock valued at $233,000 after purchasing an additional 3,324 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of 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 during the last quarter. Global X Management Co. LLC increased its holdings in shares of Aegean Marine Petroleum Network by 2.2% in the fourth quarter. Global X Management Co. LLC now owns 659,251 shares of the oil and gas company’s stock valued at $2,835,000 after purchasing an additional 14,371 shares during the last quarter. Virtu KCG Holdings LLC increased its holdings in shares of 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 during the last quarter. Finally, Northern Trust Corp increased its holdings in shares of 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 during the last quarter. 61.18% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages have issued reports on ANW. Jefferies Group began coverage on Aegean Marine Petroleum Network in a research report on Monday, December 18th. They set a “buy” rating and a $7.00 price target on the stock. ValuEngine upgraded Aegean Marine Petroleum Network from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Stifel Nicolaus reduced their target price 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 cut 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 assigned a hold rating and three have given a buy rating to the company’s stock. Aegean Marine Petroleum Network presently has a consensus rating of “Hold” and an average price target of $7.00.

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Aegean Marine Petroleum Network Company Profile

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.

Insider Buying and Selling by Quarter for Aegean Marine Petroleum Network (NYSE:ANW)

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