Shares of Venture Global, Inc. (NYSE:VG – Get Free Report) were up 5.4% on Friday. The stock traded as high as $13.28 and last traded at $13.5040. Approximately 1,537,952 shares were traded during trading, a decline of 91% from the average daily volume of 17,809,998 shares. The stock had previously closed at $12.81.
Analyst Ratings Changes
VG has been the topic of several recent analyst reports. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Venture Global in a research report on Wednesday, October 7th. Scotiabank raised their price target on Venture Global from $15.00 to $16.00 and gave the stock a “sector perform” rating in a report on Thursday, September 10th. Wells Fargo & Company upgraded Venture Global from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $15.00 to $21.00 in a research note on Tuesday. Mizuho upped their price objective on shares of Venture Global from $13.00 to $15.00 and gave the company a “neutral” rating in a report on Wednesday, July 22nd. Finally, Zacks Research lowered shares of Venture Global from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 12th. Nine investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $16.53.
Get Our Latest Research Report on VG
Venture Global Trading Up 6.6%
The stock’s fifty day simple moving average is $13.82 and its 200-day simple moving average is $13.11. The company has a debt-to-equity ratio of 3.44, a current ratio of 1.19 and a quick ratio of 1.11. The firm has a market cap of $34.15 billion, a PE ratio of 10.72 and a beta of 0.35.
Venture Global (NYSE:VG – Get Free Report) last announced its quarterly earnings data on Monday, August 10th. The company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.01. The firm had revenue of $4.58 billion for the quarter. Venture Global had a net margin of 21.24% and a return on equity of 34.08%. On average, sell-side analysts forecast that Venture Global, Inc. will post 1.75 earnings per share for the current year.
Venture Global Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th were paid a $0.04 dividend. This is a positive change from Venture Global’s previous quarterly dividend of $0.0180. The ex-dividend date was Tuesday, September 15th. This represents a $0.16 dividend on an annualized basis and a yield of 1.2%. Venture Global’s dividend payout ratio (DPR) is 12.60%.
Insider Activity at Venture Global
In other Venture Global news, VP Fory Musser sold 259,413 shares of Venture Global stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $14.26, for a total transaction of $3,699,229.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Sarah Blake sold 1,000,000 shares of the business’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $14.02, for a total value of $14,020,000.00. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 2,493,553 shares of company stock worth $35,074,470 in the last quarter. 84.24% of the stock is owned by insiders.
Institutional Investors Weigh In On Venture Global
Large investors have recently bought and sold shares of the company. Reyes Financial Architecture Inc. acquired a new position in Venture Global in the 3rd quarter worth approximately $28,000. LRI Investments LLC purchased a new position in Venture Global during the 2nd quarter worth approximately $28,000. IFP Advisors Inc purchased a new position in Venture Global during the 2nd quarter worth approximately $31,000. Rockefeller Capital Management L.P. lifted its stake in Venture Global by 218.1% during the 4th quarter. Rockefeller Capital Management L.P. now owns 4,421 shares of the company’s stock valued at $30,000 after acquiring an additional 3,031 shares during the period. Finally, AdvisorNet Financial Inc lifted its stake in Venture Global by 67.5% during the 1st quarter. AdvisorNet Financial Inc now owns 4,480 shares of the company’s stock valued at $71,000 after acquiring an additional 1,805 shares during the period.
Venture Global Company Profile
Venture Global, Inc (NYSE:VG) is a U.S.-based liquefied natural gas (LNG) company that develops, constructs, owns and operates LNG export facilities. The company sources natural gas, processes it into LNG and exports the product to customers in international energy markets.
Venture Global’s operating and development portfolio is concentrated along the U.S. Gulf Coast, particularly in Louisiana. Its projects include the Calcasieu Pass LNG facility, the Plaquemines LNG facility and additional proposed developments such as CP2 LNG and Delta LNG.
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