1492 Capital Management LLC bought a new stake in Penn Virginia Co. (NASDAQ:PVAC) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 12,286 shares of the company’s stock, valued at approximately $357,000. 1492 Capital Management LLC owned approximately 0.08% of Penn Virginia at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Tyers Asset Management LLC acquired a new position in shares of Penn Virginia in the 2nd quarter valued at $31,000. Riverhead Capital Management LLC acquired a new position in shares of Penn Virginia in the 2nd quarter valued at $34,000. Elkfork Partners LLC acquired a new position in shares of Penn Virginia in the 2nd quarter valued at $43,000. Meadow Creek Investment Management LLC acquired a new position in shares of Penn Virginia in the 2nd quarter valued at $54,000. Finally, Glen Harbor Capital Management LLC acquired a new position in shares of Penn Virginia in the 2nd quarter valued at $66,000. Institutional investors and hedge funds own 98.22% of the company’s stock.

Several research analysts have recently issued reports on the stock. Zacks Investment Research cut shares of Penn Virginia from a “hold” rating to a “sell” rating in a report on Tuesday, October 8th. BidaskClub upgraded shares of Penn Virginia from a “strong sell” rating to a “sell” rating in a report on Wednesday, November 6th. Northland Securities restated a “buy” rating and issued a $54.00 target price on shares of Penn Virginia in a report on Friday. Finally, ValuEngine cut shares of Penn Virginia from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $60.50.

Shares of NASDAQ:PVAC opened at $28.03 on Monday. The stock has a market cap of $417.26 million, a P/E ratio of 3.05 and a beta of 1.37. The firm has a fifty day moving average price of $27.41 and a 200 day moving average price of $31.60. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.64 and a quick ratio of 0.64. Penn Virginia Co. has a 1-year low of $23.00 and a 1-year high of $66.83.

Penn Virginia (NASDAQ:PVAC) last issued its quarterly earnings results on Thursday, November 7th. The company reported $1.97 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.89 by $0.08. The firm had revenue of $119.30 million during the quarter, compared to analysts’ expectations of $121.18 million. Penn Virginia had a net margin of 47.90% and a return on equity of 37.14%. Sell-side analysts expect that Penn Virginia Co. will post 8.06 EPS for the current fiscal year.

In related news, CFO Steven A. Hartman sold 18,586 shares of the stock in a transaction on Friday, September 13th. The shares were sold at an average price of $32.98, for a total transaction of $612,966.28. Also, CFO Steven A. Hartman sold 12,925 shares of the stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $32.58, for a total transaction of $421,096.50. The disclosure for this sale can be found here. 0.36% of the stock is owned by corporate insiders.

Penn Virginia Profile

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. It primarily operates wells in the Eagle Ford Shale field in South Texas. As of December 31, 2018, it had total proved reserves of approximately 123 million barrels of oil equivalent; and 460 gross productive wells, as well as owned approximately 98,200 gross acres of leasehold and royalty interests.

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Institutional Ownership by Quarter for Penn Virginia (NASDAQ:PVAC)

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