Sculptor Capital LP Has $2.22 Million Position in Venture Global, Inc. $VG

Sculptor Capital LP increased its position in Venture Global, Inc. (NYSE:VG) by 62.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 325,299 shares of the company’s stock after acquiring an additional 125,299 shares during the quarter. Sculptor Capital LP’s holdings in Venture Global were worth $2,219,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in VG. Royal Bank of Canada acquired a new position in shares of Venture Global in the first quarter valued at approximately $2,150,000. Integrated Wealth Concepts LLC acquired a new position in shares of Venture Global in the first quarter valued at approximately $152,000. NewEdge Advisors LLC acquired a new position in shares of Venture Global in the first quarter valued at approximately $460,000. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Venture Global in the second quarter valued at approximately $26,000. Finally, Amundi acquired a new position in shares of Venture Global in the second quarter valued at approximately $213,000.

Insider Activity

In other Venture Global news, CAO Sarah Blake sold 200,000 shares of the stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $16.00, for a total transaction of $3,200,000.00. The transaction was disclosed in a legal filing with the SEC, which is available 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 stock was 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. In the last three months, insiders sold 7,881,623 shares of company stock worth $112,229,295. Company insiders own 84.24% of the company’s stock.

Venture Global Price Performance

Venture Global stock opened at $11.70 on Tuesday. The stock has a market capitalization of $29.05 billion, a price-to-earnings ratio of 12.99, a PEG ratio of 0.57 and a beta of 0.27. Venture Global, Inc. has a 52-week low of $5.72 and a 52-week high of $19.50. The stock’s 50 day moving average price is $12.94 and its two-hundred day moving average price is $10.77. The company has a debt-to-equity ratio of 3.40, a quick ratio of 0.80 and a current ratio of 0.87.

Venture Global (NYSE:VG) last posted its quarterly earnings results on Monday, May 11th. The company reported $0.19 earnings per share (EPS) for the quarter, topping 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 business’s revenue for the quarter was up 58.9% on a year-over-year basis. On average, equities analysts predict that Venture Global, Inc. will post 1.46 earnings per share for the current year.

Venture Global Dividend Announcement

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

Analysts Set New Price Targets

VG has been the subject of several recent research reports. Wells Fargo & Company upped their price objective on Venture Global from $10.00 to $14.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 25th. Morgan Stanley increased their target price on shares of Venture Global from $20.00 to $22.00 and gave the company an “overweight” rating in a research report on Wednesday, May 13th. Wall Street Zen raised shares of Venture Global from a “sell” rating to a “hold” rating in a research report on Sunday, March 22nd. The Goldman Sachs Group set a $18.00 target price on shares of Venture Global in a research report on Thursday, May 14th. Finally, US Capital Advisors set a $13.00 target price on shares of Venture Global in a research report on Friday, May 29th. Ten analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $16.31.

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.