Lombard Odier Asset Management USA Corp Makes New Investment in Venture Global, Inc. $VG

Lombard Odier Asset Management USA Corp purchased a new position in Venture Global, Inc. (NYSE:VG) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 54,214 shares of the company’s stock, valued at approximately $854,000.

Several other institutional investors also recently modified their holdings of the business. UBS Group AG grew its stake in shares of Venture Global by 520.8% in the fourth quarter. UBS Group AG now owns 6,279,598 shares of the company’s stock worth $42,827,000 after acquiring an additional 5,268,053 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Venture Global in the second quarter worth approximately $76,489,000. State Street Corp boosted its holdings in Venture Global by 82.7% in the fourth quarter. State Street Corp now owns 10,812,233 shares of the company’s stock worth $73,739,000 after purchasing an additional 4,893,707 shares during the last quarter. Millennium Management LLC grew its position in Venture Global by 258.1% in the 4th quarter. Millennium Management LLC now owns 3,248,477 shares of the company’s stock worth $22,155,000 after purchasing an additional 2,341,253 shares during the period. Finally, Readystate Asset Management LP raised its stake in Venture Global by 299.3% during the 4th quarter. Readystate Asset Management LP now owns 2,216,362 shares of the company’s stock valued at $15,116,000 after buying an additional 1,661,312 shares during the last quarter.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on VG shares. Scotiabank increased their price target on Venture Global from $13.00 to $15.00 and gave the company a “sector perform” rating in a report on Wednesday, May 13th. JPMorgan Chase & Co. upgraded Venture Global from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $16.00 to $17.00 in a research report on Thursday, June 4th. Raymond James Financial reissued an “outperform” rating and issued a $16.00 target price on shares of Venture Global in a report on Wednesday, May 20th. Royal Bank Of Canada raised their target price on Venture Global from $14.00 to $16.00 and gave the stock an “outperform” rating in a research report on Friday, April 17th. Finally, Mizuho upped their price target on shares of Venture Global from $13.00 to $15.00 and gave the company a “neutral” rating in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $16.06.

Insider Activity

In other Venture Global news, insider Thomas Earl sold 1,000,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $12.44, for a total value of $12,440,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Fory Musser sold 2,000,000 shares of the firm’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $13.09, for a total transaction of $26,180,000.00. The SEC filing for this sale provides additional information. Insiders sold 4,348,288 shares of company stock worth $57,091,496 over the last ninety days. Company insiders own 84.24% of the company’s stock.

Venture Global Trading Down 5.5%

NYSE:VG opened at $14.32 on Friday. Venture Global, Inc. has a one year low of $5.72 and a one year high of $17.62. The business has a fifty day moving average price of $12.53 and a 200-day moving average price of $11.85. The firm has a market capitalization of $35.59 billion, a price-to-earnings ratio of 15.92, a price-to-earnings-growth ratio of 0.58 and a beta of 0.33. The company has a debt-to-equity ratio of 3.40, a current ratio of 0.87 and a quick ratio of 0.80.

Venture Global (NYSE:VG) last released its earnings results on Monday, May 11th. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.07. Venture Global had a return on equity of 26.90% and a net margin of 16.94%.The company had revenue of $4.60 billion for the quarter. The company’s revenue was up 58.9% compared to the same quarter last year. Sell-side analysts forecast that Venture Global, Inc. will post 1.46 EPS for the current year.

Venture Global Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were paid a dividend of $0.018 per share. The ex-dividend date was Monday, June 15th. This represents a $0.07 dividend on an annualized basis and a yield of 0.5%. Venture Global’s dividend payout ratio (DPR) is presently 7.78%.

Venture Global 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.