Penn Virginia Corporation (NASDAQ:PVAC) insider Harry Quarls bought 5,000 shares of Penn Virginia Corporation stock in a transaction dated Thursday, August 17th. The shares were acquired at an average price of $38.73 per share, with a total value of $193,650.00. Following the completion of the purchase, the insider now directly owns 28,227 shares in the company, valued at approximately $1,093,231.71. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link.

Penn Virginia Corporation (PVAC) traded down 0.67% during mid-day trading on Thursday, reaching $38.44. The company had a trading volume of 107,100 shares. Penn Virginia Corporation has a 12-month low of $15.00 and a 12-month high of $61.97. The company has a market capitalization of $576.29 million and a price-to-earnings ratio of 1.77. The stock has a 50-day moving average of $37.68 and a 200 day moving average of $42.93.

ILLEGAL ACTIVITY WARNING: “Penn Virginia Corporation (PVAC) Insider Harry Quarls Acquires 5,000 Shares” was originally published by American Banking News and is the property of of American Banking News. If you are reading this piece on another site, it was copied illegally and republished in violation of U.S. and international copyright laws. The correct version of this piece can be read at https://www.americanbankingnews.com/2017/08/17/penn-virginia-corporation-pvac-insider-harry-quarls-acquires-5000-shares.html.

Several institutional investors have recently bought and sold shares of PVAC. California State Teachers Retirement System bought a new position in Penn Virginia Corporation during the second quarter worth approximately $930,000. The Manufacturers Life Insurance Company bought a new position in Penn Virginia Corporation during the second quarter worth approximately $396,000. State Street Corp bought a new position in Penn Virginia Corporation during the second quarter worth approximately $8,130,000. Mangrove Partners raised its position in Penn Virginia Corporation by 16.2% in the second quarter. Mangrove Partners now owns 1,410,777 shares of the company’s stock worth $51,846,000 after buying an additional 196,390 shares during the last quarter. Finally, Goldman Sachs Group Inc. bought a new position in Penn Virginia Corporation during the second quarter worth approximately $992,000. 47.48% of the stock is owned by hedge funds and other institutional investors.

Several research analysts have recently commented on the company. Northland Securities set a $60.00 target price on Penn Virginia Corporation and gave the stock a “buy” rating in a research note on Monday, July 17th. Capital One Financial Corporation upgraded Penn Virginia Corporation from an “equal weight” rating to an “overweight” rating in a research note on Monday, July 31st. Finally, Zacks Investment Research upgraded 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. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Penn Virginia Corporation currently has a consensus rating of “Buy” and an average price target of $51.00.

Penn Virginia Corporation Company 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. The company primarily operates wells in the Eagle Ford Shale field in South Texas. It also has operations in the Granite Wash in Oklahoma.

Receive News & Ratings for Penn Virginia Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Penn Virginia Corporation and related companies with MarketBeat.com's FREE daily email newsletter.