XTX Topco Ltd Invests $270,000 in Venture Global, Inc. (NYSE:VG)

XTX Topco Ltd purchased a new position in Venture Global, Inc. (NYSE:VG) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 26,203 shares of the company’s stock, valued at approximately $270,000.

A number of other institutional investors also recently bought and sold shares of VG. Allianz Asset Management GmbH bought a new position in Venture Global in the 1st quarter worth $3,547,294,000. Bank of New York Mellon Corp bought a new position in Venture Global in the 1st quarter worth $18,551,000. Catalyst Capital Advisors LLC bought a new position in Venture Global in the 1st quarter worth $14,285,000. LPL Financial LLC bought a new position in Venture Global in the 1st quarter worth $6,102,000. Finally, Readystate Asset Management LP bought a new position in Venture Global in the 1st quarter worth $3,385,000.

Venture Global Stock Down 2.3%

Shares of VG stock opened at $12.06 on Tuesday. Venture Global, Inc. has a 12-month low of $6.75 and a 12-month high of $25.50. The company has a current ratio of 1.73, a quick ratio of 1.67 and a debt-to-equity ratio of 3.49. The stock has a 50-day moving average price of $15.77.

Venture Global (NYSE:VG) last issued its earnings results on Tuesday, May 13th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.08). The firm had revenue of $2.89 billion during the quarter, compared to analysts’ expectations of $2.83 billion. Equities research analysts predict that Venture Global, Inc. will post 0.52 earnings per share for the current year.

Venture Global Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Tuesday, June 10th were issued a $0.0165 dividend. This represents a $0.07 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Tuesday, June 10th.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Wall Street Zen raised Venture Global from a “sell” rating to a “hold” rating in a report on Saturday, June 28th. UBS Group cut Venture Global from a “buy” rating to a “neutral” rating and raised their target price for the stock from $14.00 to $18.00 in a report on Thursday, June 12th. The Goldman Sachs Group decreased their target price on Venture Global from $20.00 to $17.50 and set a “buy” rating on the stock in a report on Wednesday, May 14th. JPMorgan Chase & Co. raised their price target on Venture Global from $15.00 to $17.00 and gave the company an “overweight” rating in a report on Thursday, July 24th. Finally, Johnson Rice started coverage on Venture Global in a report on Tuesday, June 17th. They set a “buy” rating and a $20.00 price target on the stock. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $16.85.

Venture Global Profile

Venture Global has fundamentally reshaped the development and construction of liquefied natural gas production, establishing us as a rapidly growing company delivering critical LNG to the world. Our innovative and disruptive approach, which is both scalable and repeatable, allows us to bring LNG to a global market years faster and at a lower cost.