Filing Buzzer: Mangrove Partners Master Fund, Ltd Just Disclosed New Penn Virginia Corp Position

Filing Buzzer: Mangrove Partners Master Fund, Ltd Just Disclosed New Penn Virginia Corp Position

The New Mangrove Partners Master Fund, Ltd Holding in Penn Virginia Corp

Mangrove Partners Master Fund, Ltd filed with the SEC SC 13G form for Penn Virginia Corp. The form can be accessed here: 000121465916014597. As reported in Mangrove Partners Master Fund, Ltd’s form, the filler as of late owns 8.2% or 1,164,535 shares of the Energy–company.

Penn Virginia Corp stake is a new one for the and it was filed because of activity on September 12, 2016. We feel this shows Mangrove Partners Master Fund, Ltd’s positive view for the stock.

Penn Virginia Corp Institutional Sentiment

Latest Security and Exchange filings show 117 investors own Penn Virginia Corp. The institutional ownership in Q3 2015 is high, at 131.02% of the outstanding shares. This is decreased by 31509462 the total institutional shares. 44783630 were the shares owned by these institutional investors. In total 17 funds opened new Penn Virginia Corp stakes, 34 increased stakes. There were 52 that closed positions and 39 reduced them.

Capstone Financial Advisors Inc is an institutional investor bullish on Penn Virginia Corp, owning 15000 shares as of Q3 2015 for less than 0.01% of its portfolio. Grt Capital Partners Llc owns 2092305 shares or 0.29% of its portfolio. MA Weiss Asset Management Lp have 0.02% of their stock portfolio for 54516 shares. Further, Barton Investment Management reported stake worth 0.02% of its US stock portfolio. The NY Wcg Management Lp owns 100000 shares. Penn Virginia Corp is 0.02% of the manager’s US portfolio.

Business Profile

Penn Virginia Corporation is an independent oil and gas company. The Company is engaged in the onshore exploration, development and production of crude oil, natural gas liquids (NGL) and natural gas. The Company’s operations consist primarily of operating its producing wells in the Eagle Ford Shale field, or Eagle Ford, in South Texas. It also has operations in Oklahoma, primarily in the Granite Wash. The Company operates through exploration, development and production of crude oil, NGLs and natural gas segment. The Company owns a contiguous position of approximately 100,000 net acres in the core liquids-rich area or volatile oil window of the Eagle Ford. Its primary oil and gas assets are located in Gonzales and Lavaca Counties in South Texas and Washita and Custer Counties in Western Oklahoma. The Company sells its crude oil, NGL and natural gas products using short-term floating price physical and spot market contracts.

SEC Form 13G is required when the filer owns between (5% and 20%) of a company and plans to hold it only as a passive investor. In case the filler intend to exert control and the stake’s exceeds 20%, then 13D Form must be filed. These filings can NOT be a precursor to “change of control” events such as hostile takeovers, company breakups or others.

Insitutional Activity: The institutional sentiment increased to 0.1 in 2016 Q2. Its up 0.09, from 0.01 in 2016Q1. The ratio is positive, as 10 funds sold all PSIVIDACOR CDI shares owned while 0 reduced positions. 1 funds bought stakes while 0 increased positions. They now own 1.96 million shares or 33.09% less from 2.93 million shares in 2016Q1.

Hodges Mgmt owns 11,000 shares or 0% of their US portfolio. Cap Ok has 0% invested in the company for 1.75M shares. Moreover, Barton Investment Mgmt has 0% invested in PSIVIDACOR CDI (ASX:PVA) for 191,295 shares.

The stock closed at $2.75 during the last session. It is down 27.82% since April 18, 2016 and is downtrending. It has underperformed by 32.80% the S&P500.

PVA Company Profile

Penn Virginia Corporation, incorporated on May 21, 1980, is an independent gas and oil company. The Firm is engaged in the onshore exploration, development and production of crude oil, natural gas liquids (NGL) and natural gas. The Company’s activities consist primarily of operating its producing wells in the Eagle Ford Shale field, or Eagle Ford, in South Texas. It also has activities in Oklahoma, primarily in the Granite Wash. The Firm operates through exploration, development and production of crude oil, NGLs and natural gas segment. The Firm owns a contiguous position of approximately 100,000 net acres in the core liquids-rich area or volatile oil window of the Eagle Ford. The Company’s primary gas and oil assets are located in Gonzales and Lavaca Counties in South Texas and Washita and Custer Counties in Western Oklahoma.

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