Wells Fargo & Company MN grew its position in Penn Virginia Corporation (NASDAQ:PVAC) by 7,591.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,537 shares of the company’s stock after buying an additional 10,400 shares during the period. Wells Fargo & Company MN owned 0.07% of Penn Virginia Corporation worth $387,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the company. Legal & General Group Plc purchased a new stake in shares of Penn Virginia Corporation in the 2nd quarter valued at approximately $104,000. JPMorgan Chase & Co. grew its stake in shares of Penn Virginia Corporation by 1.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 316,142 shares of the company’s stock valued at $11,618,000 after buying an additional 3,811 shares during the period. Strs Ohio purchased a new stake in shares of Penn Virginia Corporation in the 2nd quarter valued at approximately $183,000. Rhumbline Advisers purchased a new stake in shares of Penn Virginia Corporation in the 2nd quarter valued at approximately $525,000. Finally, Schwab Charles Investment Management Inc. grew its stake in shares of Penn Virginia Corporation by 212.5% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 35,166 shares of the company’s stock valued at $1,293,000 after buying an additional 23,914 shares during the period. 64.38% of the stock is owned by institutional investors and hedge funds.

In related news, insider Harry Quarls acquired 5,000 shares of the stock in a transaction that occurred on Monday, November 13th. The stock was purchased at an average price of $38.72 per share, with a total value of $193,600.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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Penn Virginia Corporation (NASDAQ:PVAC) opened at $37.11 on Thursday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.06. The firm has a market cap of $567.61 and a P/E ratio of 15.57. Penn Virginia Corporation has a 1 year low of $31.00 and a 1 year high of $61.97.

Several analysts have recently weighed in on PVAC shares. Capital One Financial Corporation raised shares of Penn Virginia Corporation from an “equal weight” rating to an “overweight” rating in a research note on Monday, July 31st. Zacks Investment Research raised shares of Penn Virginia Corporation from a “hold” rating to a “strong-buy” rating and set a $44.00 price target for the company in a research note on Tuesday, August 15th. Finally, Northland Securities reaffirmed a “buy” rating and set a $63.00 price objective on shares of Penn Virginia Corporation in a research report on Tuesday, September 5th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $52.00.

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

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