Jane Street Group LLC purchased a new stake in shares of Penn Virginia Co. (NASDAQ:PVAC) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 3,177 shares of the company’s stock, valued at approximately $270,000.

A number of other hedge funds have also made changes to their positions in PVAC. Wells Fargo & Company MN increased its stake in Penn Virginia by 156.5% during the 1st quarter. Wells Fargo & Company MN now owns 53,850 shares of the company’s stock valued at $1,886,000 after purchasing an additional 32,854 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in Penn Virginia by 3.3% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 67,237 shares of the company’s stock worth $2,356,000 after acquiring an additional 2,145 shares during the last quarter. BlackRock Inc. boosted its holdings in Penn Virginia by 22.8% during the 1st quarter. BlackRock Inc. now owns 928,772 shares of the company’s stock worth $32,545,000 after acquiring an additional 172,288 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Penn Virginia by 4.8% during the 1st quarter. JPMorgan Chase & Co. now owns 221,393 shares of the company’s stock worth $7,757,000 after acquiring an additional 10,217 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Penn Virginia by 81.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 338,041 shares of the company’s stock worth $11,845,000 after acquiring an additional 151,350 shares during the last quarter. Institutional investors and hedge funds own 97.80% of the company’s stock.

PVAC opened at $75.84 on Friday. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 1.89. The firm has a market cap of $1.12 billion, a price-to-earnings ratio of 26.41 and a beta of 1.42. Penn Virginia Co. has a 1 year low of $32.49 and a 1 year high of $96.13.

Penn Virginia (NASDAQ:PVAC) last posted its quarterly earnings data on Wednesday, August 8th. The company reported $2.46 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.44 by $0.02. The firm had revenue of $111.58 million for the quarter, compared to the consensus estimate of $105.90 million. Penn Virginia had a negative net margin of 3.23% and a positive return on equity of 36.88%. On average, analysts expect that Penn Virginia Co. will post 10.37 EPS for the current fiscal year.

A number of equities analysts have issued reports on PVAC shares. LADENBURG THALM/SH SH lifted their price objective on shares of Penn Virginia from $100.00 to $110.00 and gave the stock a “buy” rating in a report on Friday, July 6th. Zacks Investment Research downgraded shares of Penn Virginia from a “buy” rating to a “hold” rating in a report on Saturday, June 30th. BidaskClub raised shares of Penn Virginia from a “hold” rating to a “buy” rating in a report on Saturday, September 1st. Finally, SunTrust Banks lifted their price objective on shares of Penn Virginia from $100.00 to $108.00 and gave the stock a “buy” rating in a report on Friday, June 22nd. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Penn Virginia has a consensus rating of “Buy” and an average price target of $94.75.

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. The company also has operations in the Granite Wash in Oklahoma.

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

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