Venture Global, Inc. (NYSE:VG) Given Consensus Rating of “Hold” by Brokerages

Venture Global, Inc. (NYSE:VG) has received an average rating of “Hold” from the eighteen analysts that are currently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $13.5667.

A number of research analysts have recently commented on VG shares. JPMorgan Chase & Co. cut Venture Global from an “overweight” rating to a “neutral” rating and upped their target price for the company from $10.00 to $11.00 in a research note on Tuesday, January 27th. Bank of America cut their price objective on Venture Global from $15.00 to $11.00 and set a “buy” rating on the stock in a research report on Thursday, December 11th. US Capital Advisors upgraded Venture Global to a “moderate sell” rating in a research report on Monday, December 15th. Capital One Financial started coverage on shares of Venture Global in a research note on Tuesday, November 4th. They set an “equal weight” rating and a $11.00 target price for the company. Finally, Scotiabank set a $9.00 price target on shares of Venture Global in a research note on Friday, January 16th.

Venture Global Stock Down 7.9%

Shares of VG opened at $9.03 on Tuesday. The company has a quick ratio of 0.77, a current ratio of 0.83 and a debt-to-equity ratio of 3.46. The business has a fifty day moving average of $7.44 and a 200 day moving average of $10.35. The company has a market cap of $22.10 billion and a PE ratio of 11.57. Venture Global has a 52-week low of $5.72 and a 52-week high of $21.71.

Venture Global (NYSE:VG) last posted 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). The firm had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.23 billion. Venture Global had a net margin of 21.99% and a return on equity of 29.55%. The company’s revenue for the quarter was up 259.5% compared to the same quarter last year. On average, sell-side analysts expect that Venture Global will post 0.52 EPS for the current year.

Venture Global Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th were given a dividend of $0.017 per share. The ex-dividend date of this dividend was Monday, December 15th. This represents a $0.07 dividend on an annualized basis and a dividend yield of 0.8%. Venture Global’s dividend payout ratio (DPR) is 7.69%.

Insider Activity at Venture Global

In related news, VP Fory Musser sold 42,901 shares of the business’s stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $7.80, for a total value of $334,627.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Thomas Earl sold 1,000,000 shares of the stock in a transaction that occurred on Friday, December 5th. The stock was 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 in the last ninety days. Insiders own 86.73% of the company’s stock.

Institutional Trading of Venture Global

Several hedge funds and other institutional investors have recently bought and sold shares of VG. Vanguard Group Inc. lifted its stake in shares of Venture Global by 147.4% during the 3rd quarter. Vanguard Group Inc. now owns 22,862,372 shares of the company’s stock worth $324,417,000 after purchasing an additional 13,620,863 shares during the last quarter. UBS Group AG raised its holdings in Venture Global by 520.8% in the fourth quarter. UBS Group AG now owns 6,279,598 shares of the company’s stock worth $42,827,000 after purchasing an additional 5,268,053 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Venture Global during the second quarter valued at about $76,489,000. Catalyst Capital Advisors LLC lifted its position in shares of Venture Global by 24.8% during the second quarter. Catalyst Capital Advisors LLC now owns 1,731,290 shares of the company’s stock valued at $26,973,000 after buying an additional 344,390 shares during the last quarter. Finally, Verition Fund Management LLC boosted its holdings in shares of Venture Global by 65.2% in the 3rd quarter. Verition Fund Management LLC now owns 979,124 shares of the company’s stock valued at $13,894,000 after buying an additional 386,603 shares in the last quarter.

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.