Penn Virginia Corporation (PVAC) Insider Harry Quarls Acquires 5,000 Shares of Stock
Penn Virginia Corporation (NASDAQ:PVAC) insider Harry Quarls acquired 5,000 shares of the business’s stock in a transaction dated Thursday, November 30th. The shares were bought at an average price of $34.64 per share, for a total transaction of $173,200.00. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Harry Quarls also recently made the following trade(s):
- On Monday, November 13th, Harry Quarls acquired 5,000 shares of Penn Virginia stock. The shares were bought at an average price of $38.72 per share, for a total transaction of $193,600.00.
Penn Virginia Corporation (NASDAQ:PVAC) traded up $0.07 on Friday, hitting $34.38. 230,924 shares of the stock traded hands, compared to its average volume of 113,767. Penn Virginia Corporation has a 12-month low of $31.00 and a 12-month high of $61.97. 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 capitalization of $514.80 and a P/E ratio of 14.12.
Institutional investors and hedge funds have recently bought and sold shares of the company. Strs Ohio acquired a new position in Penn Virginia in the 2nd quarter worth approximately $183,000. Schwab Charles Investment Management Inc. increased its holdings in Penn Virginia by 212.5% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 35,166 shares of the company’s stock worth $1,293,000 after buying an additional 23,914 shares during the period. Rhumbline Advisers acquired a new position in Penn Virginia in the 2nd quarter worth approximately $525,000. Bank of New York Mellon Corp acquired a new position in Penn Virginia in the 2nd quarter worth approximately $1,590,000. Finally, Legal & General Group Plc acquired a new position in Penn Virginia in the 2nd quarter worth approximately $104,000. Hedge funds and other institutional investors own 66.18% of the company’s stock.
Several equities analysts have recently issued reports on the stock. SunTrust Banks assumed coverage on shares of Penn Virginia in a report on Wednesday. They set a “buy” rating and a $50.00 price objective on the stock. Zacks Investment Research downgraded shares of Penn Virginia from a “hold” rating to a “sell” rating in a report on Wednesday, November 22nd. Finally, Northland Securities restated a “buy” rating and set a $63.00 price objective on shares of Penn Virginia in a report on Friday, November 10th. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $51.50.
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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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