Penn Virginia Corporation (PVAC) Insider Harry Quarls Purchases 5,000 Shares of Stock
Penn Virginia Corporation (NASDAQ:PVAC) insider Harry Quarls purchased 5,000 shares of the stock in a transaction dated Monday, November 13th. The stock was acquired at an average price of $38.72 per share, for a total transaction of $193,600.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Harry Quarls also recently made the following trade(s):
- On Thursday, August 17th, Harry Quarls bought 5,000 shares of Penn Virginia Corporation stock. The shares were purchased at an average price of $38.73 per share, for a total transaction of $193,650.00.
Shares of Penn Virginia Corporation (NASDAQ:PVAC) opened at $38.70 on Tuesday. Penn Virginia Corporation has a 1 year low of $15.00 and a 1 year high of $61.97. The stock has a market cap of $580.97 and a P/E ratio of 15.93. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.85 and a current ratio of 0.85.
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A number of analysts recently issued reports on the stock. Northland Securities restated a “buy” rating and set a $63.00 target price on shares of Penn Virginia Corporation in a research report on Friday. Zacks Investment Research lowered shares of Penn Virginia Corporation from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 7th. Finally, Capital One Financial Corporation upgraded shares of Penn Virginia Corporation from an “equal weight” rating to an “overweight” rating in a research report on Monday, July 31st. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Penn Virginia Corporation currently has a consensus rating of “Buy” and an average target price of $52.00.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Franklin Resources Inc. raised its stake in Penn Virginia Corporation by 126.3% during the second quarter. Franklin Resources Inc. now owns 585,251 shares of the company’s stock worth $21,508,000 after purchasing an additional 326,598 shares during the period. Vanguard Group Inc. raised its stake in Penn Virginia Corporation by 1,626.0% during the second quarter. Vanguard Group Inc. now owns 273,605 shares of the company’s stock worth $10,055,000 after purchasing an additional 257,753 shares during the period. State Street Corp purchased a new position in Penn Virginia Corporation during the second quarter worth approximately $8,130,000. Mangrove Partners raised its stake in Penn Virginia Corporation by 16.2% during the second quarter. Mangrove Partners now owns 1,410,777 shares of the company’s stock worth $51,846,000 after purchasing an additional 196,390 shares during the period. Finally, Northern Trust Corp raised its stake in Penn Virginia Corporation by 3,117.6% during the second quarter. Northern Trust Corp now owns 142,283 shares of the company’s stock worth $5,229,000 after purchasing an additional 137,861 shares during the period. Hedge funds and other institutional investors own 64.38% of the company’s stock.
About Penn Virginia Corporation
Penn Virginia Corporation, an independent oil and gas company, engages in the onshore exploration, development, and production of crude oil, natural gas liquids, and natural gas in the United States. The company primarily operates wells in the Eagle Ford Shale field in South Texas. It also has operations in the Granite Wash in Oklahoma.
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