Venture Global (NYSE:VG) Now Covered by Analysts at Raymond James Financial

Raymond James Financial assumed coverage on shares of Venture Global (NYSE:VG) in a report published on Monday morning, Marketbeat.com reports. The firm issued an outperform rating and a $11.00 target price on the stock.

Several other analysts have also recently issued reports on VG. The Goldman Sachs Group reaffirmed a “buy” rating and set a $17.50 target price on shares of Venture Global in a research report on Monday, November 10th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $11.00 price objective on shares of Venture Global in a research report on Wednesday, January 28th. Citigroup cut their target price on Venture Global from $16.00 to $9.00 and set a “neutral” rating on the stock in a research note on Monday, November 24th. 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. Finally, US Capital Advisors raised shares of Venture Global to a “moderate sell” rating in a research report on Monday, December 15th. Eight equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $13.57.

Venture Global Stock Down 7.9%

NYSE:VG opened at $9.03 on Monday. The company has a debt-to-equity ratio of 3.46, a current ratio of 0.83 and a quick ratio of 0.77. Venture Global has a 1-year low of $5.72 and a 1-year high of $21.71. The company has a 50-day moving average of $7.44 and a 200 day moving average of $10.35. The firm has a market cap of $22.10 billion and a PE ratio of 11.57.

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

Venture Global Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 15th were paid a $0.017 dividend. The ex-dividend date 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 7.69%.

Insider Activity at Venture Global

In other Venture Global news, insider Thomas Earl sold 1,000,000 shares of the company’s stock in a transaction that occurred on Friday, December 5th. The shares were sold at an average price of $6.89, for a total transaction of $6,890,000.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Fory Musser sold 42,901 shares of Venture Global stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $7.80, for a total transaction of $334,627.80. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 3,000,000 shares of company stock worth $22,904,729. 86.73% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Venture Global by 147.4% in the third 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 increased its holdings in Venture Global by 520.8% in the 4th quarter. UBS Group AG now owns 6,279,598 shares of the company’s stock worth $42,827,000 after buying an additional 5,268,053 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in Venture Global during the 2nd quarter worth approximately $76,489,000. Catalyst Capital Advisors LLC raised its position in Venture Global by 24.8% during the 2nd quarter. Catalyst Capital Advisors LLC now owns 1,731,290 shares of the company’s stock worth $26,973,000 after buying an additional 344,390 shares during the last quarter. Finally, Verition Fund Management LLC lifted its stake in Venture Global by 65.2% during the 3rd quarter. Verition Fund Management LLC now owns 979,124 shares of the company’s stock valued at $13,894,000 after acquiring an additional 386,603 shares during the period.

About Venture Global

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.