Venture Global (NYSE:VG) Downgraded by JPMorgan Chase & Co. to “Neutral”

JPMorgan Chase & Co. downgraded shares of Venture Global (NYSE:VG) from an overweight rating to a neutral rating in a research report released on Tuesday, MarketBeat reports. They currently have $11.00 target price on the stock, up from their previous target price of $10.00.

Other analysts also recently issued research reports about the stock. Capital One Financial began coverage on shares of Venture Global in a research report on Tuesday, November 4th. They set an “equal weight” rating and a $11.00 price target for the company. The Goldman Sachs Group reissued a “buy” rating and issued a $17.50 target price on shares of Venture Global in a research report on Monday, November 10th. Citigroup reduced their price target on shares of Venture Global from $16.00 to $9.00 and set a “neutral” rating on the stock in a research report on Monday, November 24th. US Capital Advisors raised Venture Global to a “moderate sell” rating in a report on Monday, December 15th. Finally, Mizuho restated a “neutral” rating and set a $12.00 price objective (down previously from $17.00) on shares of Venture Global in a research note on Friday, October 10th. Seven investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $13.96.

Venture Global Stock Down 4.9%

Shares of Venture Global stock opened at $8.92 on Tuesday. Venture Global has a 1-year low of $5.72 and a 1-year high of $22.14. The company has a market capitalization of $21.83 billion and a PE ratio of 11.43. The company has a debt-to-equity ratio of 3.46, a current ratio of 0.83 and a quick ratio of 0.77. The business has a 50-day moving average of $7.26 and a 200-day moving average of $10.55.

Venture Global (NYSE:VG) last issued its quarterly earnings data on Monday, November 10th. The company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.06). Venture Global had a net margin of 21.99% and a return on equity of 29.55%. The business had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.23 billion. The business’s revenue was up 259.5% on a year-over-year basis. As a group, equities analysts forecast that Venture Global will post 0.52 EPS for the current fiscal year.

Venture Global Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th were issued a $0.017 dividend. The ex-dividend date of this dividend was Monday, December 15th. This represents a $0.07 dividend on an annualized basis and a yield of 0.8%. Venture Global’s dividend payout ratio (DPR) is currently 8.97%.

Insider Activity at Venture Global

In other Venture Global news, VP Fory Musser sold 776,298 shares of the stock in a transaction on Monday, November 17th. The stock was sold at an average price of $8.06, for a total value of $6,256,961.88. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Thomas Earl sold 1,000,000 shares of the firm’s stock in a transaction on Friday, December 5th. The shares were sold at an average price of $6.89, for a total value of $6,890,000.00. The disclosure for this sale is available in the SEC filing. Insiders have sold 3,000,000 shares of company stock valued at $22,904,729 over the last ninety days. Corporate insiders own 86.73% of the company’s stock.

Institutional Trading of Venture Global

Large investors have recently modified their holdings of the company. Summit Financial Wealth Advisors LLC boosted its stake in Venture Global by 8.8% during 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 during the period. CWM LLC boosted its position in shares of Venture Global by 24.1% during the fourth quarter. CWM LLC now owns 7,014 shares of the company’s stock worth $48,000 after buying an additional 1,363 shares during the period. American Financial Group Inc. grew its holdings in Venture Global by 14.3% in the 3rd quarter. American Financial Group Inc. now owns 12,000 shares of the company’s stock worth $170,000 after buying an additional 1,500 shares in the last quarter. Quotient Wealth Partners LLC increased its position in Venture Global by 0.6% in the 4th quarter. Quotient Wealth Partners LLC now owns 258,287 shares of the company’s stock valued at $1,762,000 after acquiring an additional 1,664 shares during the period. Finally, Northwestern Mutual Wealth Management Co. acquired a new stake in Venture Global in the 2nd quarter valued at approximately $26,000.

Venture Global Company Profile

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.