Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

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:

Hedge Fund Returns in 2013: The Top 20

The Only Warren Buffett Pick Signaling ‘Buy’ Right Now

Value Investing Congress Presentations: Mick McGuire’s Bullish Thesis On United Rentals

Disclosure: none