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George Soros’ Stock Moves Include Penn Virginia

George Soros stocks: George Soros’s Soros Fund Management recently boosted its stake in Penn Virginia Corporation (NYSE:PVA), an oil and gas company. According to a filing with the SEC, Soros currently holds over 6.2 million shares of the company, up from the 1.9 million-share amount disclosed at the end of the last quarter. The value of Soros’ stake in Penn Virginia currently amounts to almost $39.4 million.

setting up a hedge fund

Penn Virginia reported product revenues from sale of oil, natural gas liquids and natural gas of $109.7 million for the second quarter of the year, an increase of 34% on the quarter. The adjusted loss of the company, however, expanded to $10.9 million, or $0.17 per diluted share, versus $10.4 million reported in the first quarter of the year. The company forecasts product revenues of $416-471 million for the whole year of 2013. Analysts, on average, expect Penn Virginia to report an EPS of -$0.62 by the end of the year.

In addition to Soros Fund Management, who holds the largest stake in Penn Virginia of the funds we track, Ken Griffin’s Citadel Investment GroupRoyce & Associates and Cliff Asness’ Aqr Capital Management are also bullish. Check back for more on George Soros’ stock moves.

Recommended Reading:

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