Short Interest in Venture Global, Inc. (NYSE:VG) Drops By 24.3%

Venture Global, Inc. (NYSE:VGGet Free Report) was the target of a large decline in short interest in the month of March. As of March 13th, there was short interest totaling 46,565,004 shares, a decline of 24.3% from the February 26th total of 61,524,200 shares. Approximately 14.3% of the company’s shares are short sold. Based on an average daily volume of 33,617,284 shares, the short-interest ratio is currently 1.4 days.

Venture Global Stock Up 4.1%

Shares of NYSE VG opened at $17.51 on Friday. The firm has a fifty day simple moving average of $11.14 and a two-hundred day simple moving average of $9.83. Venture Global has a 12 month low of $5.72 and a 12 month high of $19.50. The company has a current ratio of 0.93, a quick ratio of 0.87 and a debt-to-equity ratio of 3.24. The firm has a market capitalization of $43.01 billion, a PE ratio of 20.35, a price-to-earnings-growth ratio of 1.54 and a beta of 5.70.

Venture Global (NYSE:VGGet Free Report) last announced its quarterly earnings results on Monday, March 2nd. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.06. Venture Global had a net margin of 18.38% and a return on equity of 27.96%. The company had revenue of $4.45 billion for the quarter. The company’s quarterly revenue was up 191.7% compared to the same quarter last year. Equities analysts expect that Venture Global will post 0.52 earnings per share for the current year.

Venture Global Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th will be given a dividend of $0.018 per share. This represents a $0.07 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Monday, March 16th. This is a positive change from Venture Global’s previous quarterly dividend of $0.02. Venture Global’s payout ratio is presently 8.14%.

Insider Buying and Selling

In other Venture Global news, CAO Sarah Blake sold 200,000 shares of the business’s stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $16.00, for a total value of $3,200,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Jonathan W. Thayer sold 2,611,111 shares of the stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $16.08, for a total value of $41,986,664.88. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 5,872,223 shares of company stock worth $82,002,870. Company insiders own 86.73% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Hsbc Holdings PLC bought a new stake in shares of Venture Global during the fourth quarter valued at approximately $90,000. Rockefeller Capital Management L.P. grew its stake in Venture Global by 218.1% in the fourth quarter. Rockefeller Capital Management L.P. now owns 4,421 shares of the company’s stock worth $30,000 after purchasing an additional 3,031 shares during the period. Corient Private Wealth LLC bought a new position in Venture Global in the fourth quarter worth $104,000. Caitong International Asset Management Co. Ltd raised its holdings in Venture Global by 1,614.1% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 33,631 shares of the company’s stock worth $229,000 after purchasing an additional 31,669 shares in the last quarter. Finally, Alpine Global Management LLC purchased a new position in Venture Global during the fourth quarter valued at $531,000.

Key Stories Impacting Venture Global

Here are the key news stories impacting Venture Global this week:

Analyst Ratings Changes

VG has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. raised their price target on shares of Venture Global from $11.00 to $19.00 and gave the stock a “neutral” rating in a report on Friday. Scotiabank increased their target price on shares of Venture Global from $9.00 to $11.00 and gave the stock a “sector perform” rating in a report on Tuesday, March 17th. Weiss Ratings raised Venture Global from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, March 18th. Wall Street Zen upgraded Venture Global from a “sell” rating to a “hold” rating in a report on Sunday, March 22nd. Finally, US Capital Advisors raised 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 and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, Venture Global presently has a consensus rating of “Hold” and a consensus price target of $15.70.

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Venture Global Company Profile

(Get Free Report)

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.

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