Citadel Advisors LLC Invests $448,000 in Penn Virginia Co. (PVAC)
Citadel Advisors LLC purchased a new stake in shares of Penn Virginia Co. (NASDAQ:PVAC) during the 4th quarter, HoldingsChannel.com reports. The fund purchased 11,463 shares of the company’s stock, valued at approximately $448,000.
Several other institutional investors have also recently made changes to their positions in the company. SG Americas Securities LLC purchased a new position in shares of Penn Virginia during the third quarter valued at $181,000. Wells Fargo & Company MN increased its stake in shares of Penn Virginia by 30.2% during the fourth quarter. Wells Fargo & Company MN now owns 20,996 shares of the company’s stock valued at $821,000 after buying an additional 4,871 shares during the period. Voya Investment Management LLC purchased a new position in shares of Penn Virginia during the second quarter valued at $252,000. Nationwide Fund Advisors purchased a new position in shares of Penn Virginia during the second quarter valued at $297,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of Penn Virginia during the third quarter valued at $381,000. Hedge funds and other institutional investors own 89.42% of the company’s stock.
Penn Virginia Co. (NASDAQ:PVAC) opened at $36.85 on Friday. Penn Virginia Co. has a 52 week low of $31.00 and a 52 week high of $50.00. The company has a quick ratio of 0.85, a current ratio of 0.70 and a debt-to-equity ratio of 1.20. The stock has a market capitalization of $542.89, a PE ratio of 16.90 and a beta of 1.56.
Several equities analysts have issued reports on the company. Zacks Investment Research lowered Penn Virginia from a “strong-buy” rating to a “hold” rating in a research note on Friday. BidaskClub lowered Penn Virginia from a “sell” rating to a “strong sell” rating in a research note on Friday, February 16th. SunTrust Banks set a $55.00 target price on Penn Virginia and gave the company a “buy” rating in a research note on Wednesday, January 24th. Finally, Northland Securities set a $63.00 target price on Penn Virginia and gave the company a “buy” rating in a research note on Wednesday, January 3rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $54.75.
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About Penn Virginia
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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