Jane Street Group LLC Takes $270,000 Position in Penn Virginia Co. (PVAC)

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Jane Street Group LLC acquired a new stake in Penn Virginia Co. (NASDAQ:PVAC) during the second quarter, Holdings Channel reports. The firm acquired 3,177 shares of the company’s stock, valued at approximately $270,000.

Other institutional investors have also recently made changes to their positions in the company. Tower Research Capital LLC TRC raised its stake in Penn Virginia by 869.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,938 shares of the company’s stock valued at $165,000 after acquiring an additional 1,738 shares during the period. California Public Employees Retirement System bought a new stake in Penn Virginia in the 2nd quarter valued at about $204,000. UBS Group AG raised its stake in Penn Virginia by 77.6% in the 1st quarter. UBS Group AG now owns 2,854 shares of the company’s stock valued at $100,000 after acquiring an additional 1,247 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in Penn Virginia in the 2nd quarter valued at about $243,000. Finally, Piedmont Investment Advisors LLC bought a new stake in Penn Virginia in the 2nd quarter valued at about $266,000. Institutional investors and hedge funds own 97.80% of the company’s stock.

PVAC has been the topic of several analyst reports. BidaskClub upgraded Penn Virginia from a “hold” rating to a “buy” rating in a research report on Saturday, September 1st. Zacks Investment Research cut Penn Virginia from a “buy” rating to a “hold” rating in a research report on Tuesday, August 14th. LADENBURG THALM/SH SH upped their price target on Penn Virginia from $100.00 to $110.00 and gave the company a “buy” rating in a research report on Friday, July 6th. Finally, SunTrust Banks upped their price target on Penn Virginia from $100.00 to $108.00 and gave the company a “buy” rating in a research report on Friday, June 22nd. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $94.75.

Shares of PVAC opened at $75.84 on Friday. Penn Virginia Co. has a twelve month low of $32.49 and a twelve month high of $96.13. The stock has a market cap of $1.12 billion, a PE ratio of 26.41 and a beta of 1.42. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 1.89.

Penn Virginia (NASDAQ:PVAC) last announced its quarterly earnings results on Wednesday, August 8th. The company reported $2.46 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.44 by $0.02. Penn Virginia had a positive return on equity of 36.88% and a negative net margin of 3.23%. The firm had revenue of $111.58 million for the quarter, compared to analysts’ expectations of $105.90 million. As a group, sell-side analysts predict that Penn Virginia Co. will post 10.37 earnings per share for the current fiscal year.

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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