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|12.7% of XOP Holdings Seeing Recent Insider Buys
Tuesday, January 17, 9:31 AM ET, by Market News Video Staff
A look at the weighted underlying holdings of the SPDR S&P Oil & Gas Exploration ...
Energen Corp. Shares Enter Oversold Territory
Monday, January 30, 11:26 AM ET, by Market News Video Staff
In trading on Monday, shares of Energen Corp. (EGN) entered into oversold territory, changing hands ...
Analysts Expect 19% Gains Ahead For FRAK
Thursday, February 2, 8:54 AM ET, by Market News Video Staff
Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, ...
New 52-Week Low Could Prompt More Insider Buying At CIE
Monday, February 13, 1:14 PM ET, by Market News Video Staff
In trading on Monday, shares of Cobalt International Energy Inc. (CIE) touched a new 52-week ...
October 20th Options Now Available For Cobalt International Energy
Tuesday, February 21, 11:09 AM ET, by Market News Video Staff
Investors in Cobalt International Energy Inc. (CIE) saw new options begin trading today, for the ...
Snatch This Bargain Energy Stock With 4.2% Yield Even Cheaper Than CFO Hartman Did
By Energy Stock Channel Staff, Friday, November 18, 11:35 AM ET
There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on August 18, Penn Virginia Corp.'s CFO, Steven A. Hartman, invested $9,000.00 into 1,000 shares of PVA, for a cost per share of $9.00. Bargain hunters tend to pay particular attention to insider buys like this one, because presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money.
In trading on Friday, bargain hunters could buy shares of Penn Virginia Corp. (PVA) and achieve a cost basis 42.0% cheaper than Hartman, with shares changing hands as low as $5.22 per share. It should be noted that Hartman has collected $0.06/share in dividends since the time of their purchase, so they are currently down 41.3% on their purchase from a total return basis. Penn Virginia Corp. shares are currently trading off about 0.8% on the day. The chart below shows the one year performance of PVA shares, versus its 200 day moving average:
Looking at the chart above, PVA's low point in its 52 week range is $4.35 per share, with $18.80 as the 52 week high point — that compares with a last trade of $5.31. By comparison, below is a table showing the prices at which insider buying was recorded over the last six months:
||Steven A. Hartman
||Sr. VP and CFO
The current annualized dividend paid by Penn Virginia Corp. is $0.22/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 11/04/2011. Below is a long-term dividend history chart for PVA, which can be of good help in judging whether the most recent dividend with approx. 4.2% annualized yield is likely to continue.
According to the ETF Finder at ETF Channel, PVA makes up 1.34% of the S&P SmallCap Energy Portfolio ETF (NASDAQ:PSCE) which is trading lower by about 0.1% on the day Friday.
See what other ETFs contain PVA »
See what other stocks are held by PSCE »
PVA operates in the Oil & Gas Exploration & Production sector, among companies like Energen Corp. (NYSE:EGN) which is up about 0.1% today, and Cobalt International Energy Inc. (NYSE:CIE) trading higher by about 3.5%. Below is a three month price history chart comparing the stock performance of PVA, versus EGN and CIE.
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