Venture Global (NYSE:VG) Now Covered by Analysts at Capital One Financial

Capital One Financial began coverage on shares of Venture Global (NYSE:VG) in a research report report published on Tuesday, Marketbeat reports. The firm issued an equal weight rating and a $11.00 price target on the stock.

VG has been the subject of several other reports. JPMorgan Chase & Co. raised their price target on Venture Global from $15.00 to $17.00 and gave the stock an “overweight” rating in a research report on Thursday, July 24th. UBS Group upgraded Venture Global from a “neutral” rating to a “buy” rating and set a $18.00 target price on the stock in a research report on Monday, August 25th. Weiss Ratings reiterated a “sell (d)” rating on shares of Venture Global in a research report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft upgraded Venture Global from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a research report on Thursday, August 28th. Finally, Scotiabank cut their target price on Venture Global from $16.00 to $13.00 and set a “sector perform” rating on the stock in a research report on Friday, October 17th. Eight analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Venture Global has an average rating of “Hold” and an average price target of $15.93.

Venture Global Price Performance

Shares of Venture Global stock opened at $7.97 on Tuesday. The firm has a market cap of $19.36 billion and a PE ratio of 12.65. Venture Global has a twelve month low of $6.75 and a twelve month high of $25.50. The business has a 50-day moving average price of $11.99 and a 200 day moving average price of $12.93. The company has a quick ratio of 1.33, a current ratio of 1.39 and a debt-to-equity ratio of 3.38.

Venture Global Increases Dividend

The business also recently declared a half year 25 dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 19th were given a $0.017 dividend. This is a boost from Venture Global’s previous half year 25 dividend of $0.02. The ex-dividend date was Friday, September 19th. This represents a yield of 50.0%. Venture Global’s payout ratio is presently 11.11%.

Insider Transactions at Venture Global

In other Venture Global news, insider Thomas Earl sold 840,076 shares of the business’s stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $13.74, for a total transaction of $11,542,644.24. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In the last 90 days, insiders sold 1,500,000 shares of company stock worth $20,561,011. Insiders own 86.73% of the company’s stock.

Institutional Investors Weigh In On Venture Global

Several large investors have recently made changes to their positions in the business. Allianz Asset Management GmbH acquired a new stake in shares of Venture Global during the first quarter valued at about $3,547,294,000. Vanguard Group Inc. acquired a new stake in Venture Global in the first quarter worth approximately $125,788,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Venture Global in the 2nd quarter worth approximately $76,489,000. Deutsche Bank AG acquired a new stake in shares of Venture Global during the 1st quarter valued at $37,798,000. Finally, Millennium Management LLC acquired a new stake in Venture Global during the 1st quarter valued at $32,099,000.

About Venture Global

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.