CenterBook Partners LP Buys Shares of 199,953 Venture Global, Inc. $VG

CenterBook Partners LP purchased a new position in Venture Global, Inc. (NYSE:VG) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund purchased 199,953 shares of the company’s stock, valued at approximately $2,837,000.

Other hedge funds also recently modified their holdings of the company. Royal Bank of Canada acquired a new stake in shares of Venture Global in the first quarter worth $2,150,000. Integrated Wealth Concepts LLC bought a new stake in Venture Global in the 1st quarter valued at $152,000. NewEdge Advisors LLC acquired a new stake in Venture Global in the 1st quarter worth $460,000. Vanguard Personalized Indexing Management LLC bought a new position in shares of Venture Global during the 2nd quarter worth about $195,000. Finally, CWM LLC raised its position in shares of Venture Global by 278.4% during the second quarter. CWM LLC now owns 6,050 shares of the company’s stock valued at $94,000 after buying an additional 4,451 shares during the last quarter.

Insider Transactions at Venture Global

In other Venture Global news, insider Thomas Earl sold 1,000,000 shares of the business’s stock in a transaction 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 transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 86.73% of the company’s stock.

Venture Global Stock Performance

NYSE VG opened at $9.90 on Friday. The firm has a market cap of $24.24 billion and a price-to-earnings ratio of 12.69. The company has a 50 day moving average of $8.17 and a 200-day moving average of $9.92. The company has a current ratio of 0.83, a quick ratio of 0.77 and a debt-to-equity ratio of 3.46. Venture Global, Inc. has a 1-year low of $5.72 and a 1-year high of $19.50.

Venture Global Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 15th were issued a dividend of $0.017 per share. This represents a $0.07 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Monday, December 15th. Venture Global’s dividend payout ratio (DPR) is currently 8.97%.

Wall Street Analysts Forecast Growth

VG has been the topic of a number of recent research reports. Weiss Ratings reissued a “sell (d+)” rating on shares of Venture Global in a research report on Monday, December 29th. Zacks Research upgraded Venture Global from a “strong sell” rating to a “hold” rating in a research report on Friday, February 13th. Wells Fargo & Company set a $8.00 target price on Venture Global in a research note on Monday, December 15th. UBS Group reduced their price objective on shares of Venture Global from $18.00 to $16.00 and set a “buy” rating for the company in a report on Thursday, January 22nd. Finally, Citigroup lowered their target price on shares of Venture Global from $16.00 to $9.00 and set a “neutral” rating on the stock in a research note on Monday, November 24th. Eight analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Venture Global presently has an average rating of “Hold” and a consensus price target of $13.11.

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.