Venture Global, Inc. $VG Shares Sold by Crystal Cove Asset Management LLC

Crystal Cove Asset Management LLC decreased its stake in shares of Venture Global, Inc. (NYSE:VG) by 54.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 61,044 shares of the company’s stock after selling 73,676 shares during the period. Venture Global comprises about 1.2% of Crystal Cove Asset Management LLC’s holdings, making the stock its 10th largest position. Crystal Cove Asset Management LLC’s holdings in Venture Global were worth $772,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of VG. Artemis Investment Management LLP grew its stake in Venture Global by 754.3% in the 3rd quarter. Artemis Investment Management LLP now owns 7,143,406 shares of the company’s stock valued at $90,293,000 after purchasing an additional 6,307,200 shares during the period. Bank of America Corp DE increased its position in shares of Venture Global by 135.6% during the 1st quarter. Bank of America Corp DE now owns 4,174,444 shares of the company’s stock valued at $65,789,000 after purchasing an additional 2,402,771 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of Venture Global by 104.6% during the 1st quarter. Renaissance Technologies LLC now owns 2,046,840 shares of the company’s stock worth $32,258,000 after purchasing an additional 1,046,300 shares during the period. Rubric Capital Management LP bought a new stake in shares of Venture Global during the 1st quarter worth $23,640,000. Finally, CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT raised its stake in shares of Venture Global by 34.6% during the 3rd quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 1,870,000 shares of the company’s stock worth $23,637,000 after purchasing an additional 481,000 shares during the period.

Venture Global Trading Down 0.7%

Shares of Venture Global stock opened at $13.17 on Friday. Venture Global, Inc. has a 1 year low of $5.72 and a 1 year high of $17.62. The firm has a market cap of $32.92 billion, a PE ratio of 7.94 and a beta of 0.22. The company has a debt-to-equity ratio of 2.96, a current ratio of 0.90 and a quick ratio of 1.11. The company has a 50 day simple moving average of $13.43 and a two-hundred day simple moving average of $12.83.

Venture Global (NYSE:VG) last posted its quarterly earnings results on Monday, November 9th. The company reported $0.96 EPS for the quarter, topping the consensus estimate of $0.50 by $0.46. Venture Global had a net margin of 31.11% and a return on equity of 39.19%. The firm had revenue of $4.76 billion for the quarter. During the same period last year, the business posted $0.16 earnings per share. The company’s revenue was up 42.9% compared to the same quarter last year. Analysts expect that Venture Global, Inc. will post 1.94 earnings per share for the current fiscal year.

Venture Global Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Tuesday, December 15th will be given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 1.2%. The ex-dividend date is Tuesday, December 15th. Venture Global’s dividend payout ratio (DPR) is presently 7.73%.

Venture Global News Roundup

These are some of the VG news items that stood out recently:

• Positive Sentiment: RBC Capital and Morgan Stanley each assigned Venture Global a Buy rating. Separately, the average analyst price target implies about 32% upside, although price targets are not reliable predictors on their own; Zacks points to earnings-estimate revisions as a more supportive signal. RBC Capital Buy rating Morgan Stanley Buy rating Analyst price target and upside discussion
• Neutral Sentiment: Plans involving Plaquemines LNG and AI data-center power could broaden long-term growth prospects, but coverage also flags that the data-center strategy may delay free-cash-flow generation. What Is Venture Global Signaling With Plaquemines LNG And AI Power Plans? Venture Global Data Center Play Adds Long-Term Growth But Delays FCF
• Neutral Sentiment: Sanford C. Bernstein reaffirmed its Market Perform rating, offering a more cautious counterpoint to the recent Buy ratings. Sanford C. Bernstein Reaffirms Market Perform Rating for Venture Global

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on VG shares. The Goldman Sachs Group reissued a “buy” rating on shares of Venture Global in a report on Friday, October 9th. Royal Bank Of Canada restated an “outperform” rating on shares of Venture Global in a report on Wednesday, October 7th. Wells Fargo & Company raised shares of Venture Global from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $15.00 to $21.00 in a research report on Tuesday, October 20th. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $14.00 price objective on shares of Venture Global in a research report on Tuesday. Finally, Mizuho boosted their target price on shares of Venture Global from $13.00 to $15.00 and gave the company a “neutral” rating in a research note on Wednesday, July 22nd. Ten equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, Venture Global has an average rating of “Moderate Buy” and an average price target of $16.87.

Insider Buying and Selling

In related news, CFO Jonathan Thayer sold 111,111 shares of the firm’s stock in a transaction that occurred on Tuesday, October 20th. The stock was sold at an average price of $12.70, for a total transaction of $1,411,109.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Brian Cothran sold 152,660 shares of Venture Global stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $16.15, for a total value of $2,465,459.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,280,019 shares of company stock worth $17,780,943 in the last ninety days. 84.24% of the stock is owned by insiders.

About Venture Global

Venture Global, Inc. is a U.S. liquefied natural gas (LNG) company that develops, constructs and operates facilities to produce and export LNG. Its activities include sourcing natural gas, processing it into LNG and delivering the fuel to customers in international markets, often through long-term supply agreements. Founded in 2013, the company is based in Arlington, Virginia, and focuses its LNG projects on Louisiana’s Gulf Coast. Its facilities include Calcasieu Pass and Plaquemines LNG, while it is also developing additional export capacity, including the proposed CP2 project.