Venture Global (NYSE:VG) Trading Up 5.5% – What’s Next?

Venture Global, Inc. (NYSE:VG) was up 5.5% during trading on Tuesday . The stock traded as high as $11.35 and last traded at $11.4460. 1,126,311 shares were traded during mid-day trading, a decline of 94% from the average session volume of 19,674,318 shares. The stock had previously closed at $10.85.

Analyst Ratings Changes

A number of brokerages have recently commented on VG. Royal Bank Of Canada lifted their price target on shares of Venture Global from $14.00 to $16.00 and gave the stock an “outperform” rating in a research note on Friday, April 17th. Sanford C. Bernstein started coverage on shares of Venture Global in a research note on Tuesday, June 16th. They set a “market perform” rating and a $14.00 target price for the company. JPMorgan Chase & Co. raised Venture Global from a “neutral” rating to an “overweight” rating and increased their price target for the company from $16.00 to $17.00 in a report on Thursday, June 4th. Scotiabank upped their price objective on Venture Global from $13.00 to $15.00 and gave the company a “sector perform” rating in a research report on Wednesday, May 13th. Finally, Wall Street Zen raised Venture Global from a “sell” rating to a “hold” rating in a report on Sunday, March 22nd. Nine analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $15.94.

Venture Global Stock Up 3.6%

The company has a quick ratio of 0.80, a current ratio of 0.87 and a debt-to-equity ratio of 3.40. The company has a fifty day simple moving average of $12.30 and a 200-day simple moving average of $11.23. The firm has a market cap of $27.94 billion, a P/E ratio of 12.50, a price-to-earnings-growth ratio of 0.49 and a beta of 0.33.

Venture Global (NYSE:VG) last posted its quarterly earnings data on Monday, May 11th. The company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.07. The firm had revenue of $4.60 billion for the quarter. Venture Global had a return on equity of 26.90% and a net margin of 16.94%.The firm’s quarterly revenue was up 58.9% on a year-over-year basis. On average, equities analysts anticipate that Venture Global, Inc. will post 1.44 earnings per share for the current year.

Venture Global Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were given a $0.018 dividend. This represents a $0.07 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Monday, June 15th. Venture Global’s dividend payout ratio is presently 7.78%.

Insider Activity

In other news, insider Thomas Earl sold 1,000,000 shares of the firm’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $12.44, for a total transaction of $12,440,000.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, COO Brian Cothran sold 31,910 shares of Venture Global stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $14.33, for a total transaction of $457,270.30. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 4,570,511 shares of company stock valued at $59,690,394. 84.24% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Blue Trust Inc. boosted its stake in Venture Global by 1,750.0% in the 4th quarter. Blue Trust Inc. now owns 3,700 shares of the company’s stock worth $25,000 after purchasing an additional 3,500 shares during the period. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Venture Global in the second quarter worth $26,000. Harbour Investments Inc. purchased a new position in shares of Venture Global in the fourth quarter worth $29,000. Rockefeller Capital Management L.P. boosted its position in shares of Venture Global by 218.1% during the fourth quarter. Rockefeller Capital Management L.P. now owns 4,421 shares of the company’s stock worth $30,000 after acquiring an additional 3,031 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd boosted its position in shares of Venture Global by 217.5% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 6,230 shares of the company’s stock worth $42,000 after acquiring an additional 4,268 shares during 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.