Penn Virginia (NASDAQ:PVAC) Director Diversified Asset Manageme Kls sold 174,411 shares of the stock in a transaction that occurred on Wednesday, May 23rd. The shares were sold at an average price of $66.45, for a total value of $11,589,610.95. The transaction was disclosed in a filing with the SEC, which is available at this link.
Diversified Asset Manageme Kls also recently made the following trade(s):
- On Wednesday, May 16th, Diversified Asset Manageme Kls sold 283,726 shares of Penn Virginia stock. The shares were sold at an average price of $61.68, for a total value of $17,500,219.68.
Shares of NASDAQ PVAC traded up $0.26 during midday trading on Wednesday, reaching $65.34. 377,300 shares of the stock traded hands, compared to its average volume of 161,959. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.52 and a current ratio of 0.52. The company has a market capitalization of $992.03 million, a P/E ratio of 22.69 and a beta of 1.06. Penn Virginia has a one year low of $31.00 and a one year high of $69.53.
Penn Virginia (NASDAQ:PVAC) last issued its quarterly earnings results on Wednesday, May 9th. The company reported $1.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.42. The company had revenue of $77.21 million during the quarter, compared to the consensus estimate of $69.60 million. Penn Virginia had a return on equity of 24.78% and a net margin of 7.35%. equities analysts predict that Penn Virginia will post 8.6 EPS for the current fiscal year.
A number of research firms have recently commented on PVAC. BidaskClub upgraded Penn Virginia from a “sell” rating to a “hold” rating in a research report on Saturday, April 21st. Zacks Investment Research downgraded Penn Virginia from a “hold” rating to a “sell” rating in a research report on Tuesday, May 8th. Finally, SunTrust Banks increased their target price on Penn Virginia to $75.00 and gave the company an “average” rating in a research report on Thursday, May 10th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. Penn Virginia has a consensus rating of “Hold” and an average price target of $63.33.
Institutional investors and hedge funds have recently modified their holdings of the stock. UBS Group AG lifted its position in Penn Virginia by 77.6% in the first quarter. UBS Group AG now owns 2,854 shares of the company’s stock worth $100,000 after buying an additional 1,247 shares during the last quarter. Nuveen Asset Management LLC bought a new stake in Penn Virginia in the first quarter worth $144,000. Alliancebernstein L.P. bought a new stake in Penn Virginia in the fourth quarter worth $233,000. SG Americas Securities LLC lifted its position in Penn Virginia by 59.8% in the first quarter. SG Americas Securities LLC now owns 6,798 shares of the company’s stock worth $238,000 after buying an additional 2,544 shares during the last quarter. Finally, MetLife Investment Advisors LLC bought a new stake in Penn Virginia in the fourth quarter worth $321,000. Institutional investors own 88.05% of the company’s stock.
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. 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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