Venture Global (NYSE:VG – Get Free Report) was upgraded by analysts at Sanford C. Bernstein to a “hold” rating in a research report issued on Tuesday,Zacks.com reports.
Several other equities analysts also recently commented on VG. New Street Research set a $15.00 target price on Venture Global in a research report on Tuesday, March 3rd. Bank of America upped their target price on Venture Global from $13.00 to $16.00 and gave the company a “buy” rating in a research report on Friday, March 20th. Scotiabank upped their target price on Venture Global from $13.00 to $15.00 and gave the company a “sector perform” rating in a research report on Wednesday, May 13th. Mizuho upped their target price on Venture Global from $12.00 to $13.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Finally, Weiss Ratings raised Venture Global from a “sell (d+)” rating to a “hold (c)” rating in a research report on Friday, May 8th. Nine research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat.com, Venture Global presently has an average rating of “Moderate Buy” and a consensus price target of $15.94.
Get Our Latest Stock Report on Venture Global
Venture Global Price Performance
Venture Global (NYSE:VG – Get Free Report) last posted its earnings results on Monday, May 11th. The company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.12 by $0.07. Venture Global had a return on equity of 26.90% and a net margin of 16.94%.The company had revenue of $4.60 billion for the quarter. The firm’s revenue for the quarter was up 58.9% compared to the same quarter last year. Equities research analysts expect that Venture Global will post 1.46 EPS for the current year.
Insiders Place Their Bets
In other Venture Global news, COO Brian Cothran sold 31,910 shares of the firm’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $14.33, for a total value of $457,270.30. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP Fory Musser sold 233,735 shares of the firm’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $12.61, for a total value of $2,947,398.35. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 4,459,400 shares of company stock worth $58,462,618. 84.24% of the stock is owned by company insiders.
Institutional Investors Weigh In On Venture Global
A number of large investors have recently modified their holdings of the business. Kestra Private Wealth Services LLC boosted its holdings in shares of Venture Global by 8.8% in the 1st quarter. Kestra Private Wealth Services LLC now owns 12,429 shares of the company’s stock valued at $196,000 after purchasing an additional 1,004 shares in the last quarter. Summit Financial Wealth Advisors LLC boosted its holdings in shares of Venture Global by 8.8% in the 4th quarter. Summit Financial Wealth Advisors LLC now owns 14,336 shares of the company’s stock valued at $98,000 after purchasing an additional 1,161 shares in the last quarter. Federation des caisses Desjardins du Quebec boosted its holdings in shares of Venture Global by 11.0% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 12,254 shares of the company’s stock valued at $84,000 after purchasing an additional 1,215 shares in the last quarter. CWM LLC boosted its holdings in shares of Venture Global by 24.1% in the 4th quarter. CWM LLC now owns 7,014 shares of the company’s stock valued at $48,000 after purchasing an additional 1,363 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in shares of Venture Global by 1.5% in the 4th quarter. Wells Fargo & Company MN now owns 93,615 shares of the company’s stock valued at $638,000 after purchasing an additional 1,407 shares in the last quarter.
About Venture Global
Venture Global (NYSE: VG) is a Houston-based energy company that develops, constructs and operates large-scale liquefied natural gas (LNG) export facilities in the United States. The company focuses on converting domestically produced natural gas into LNG for shipment to international markets, positioning itself as a supplier of pipeline-quality gas in vessel-ready form for global customers.
Venture Global’s core activities include site development, engineering and construction of liquefaction and export terminals, commissioning and ongoing operations of those facilities, and commercial marketing of LNG under both long-term and short-term contracts.
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