Venture Global (NYSE:VG) Stock Price Up 5.4% – Here’s Why

Shares of Venture Global, Inc. (NYSE:VG) shot up 5.4% on Monday . The stock traded as high as $12.93 and last traded at $12.9050. Approximately 2,777,582 shares changed hands during trading, a decline of 86% from the average session volume of 19,577,414 shares. The stock had previously closed at $12.24.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Wall Street Zen upgraded shares of Venture Global from a “sell” rating to a “hold” rating in a research report on Sunday, March 22nd. US Capital Advisors set a $13.00 price objective on shares of Venture Global in a research report on Friday, May 29th. Morgan Stanley lifted their target price on shares of Venture Global from $20.00 to $22.00 and gave the company an “overweight” rating in a report on Wednesday, May 13th. Bank of America boosted their target price on Venture Global from $13.00 to $16.00 and gave the company a “buy” rating in a research report on Friday, March 20th. Finally, Wells Fargo & Company upped their price target on Venture Global from $10.00 to $14.00 and gave the stock an “equal weight” rating in a research note on Wednesday, March 25th. Nine analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, Venture Global presently has an average rating of “Moderate Buy” and a consensus price target of $15.94.

Venture Global Price Performance

The company has a 50 day moving average of $12.29 and a 200 day moving average of $11.40. The company has a debt-to-equity ratio of 3.40, a quick ratio of 0.80 and a current ratio of 0.87. The stock has a market capitalization of $32.64 billion, a price-to-earnings ratio of 14.59, a PEG ratio of 0.54 and a beta of 0.33.

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, beating analysts’ consensus estimates of $0.12 by $0.07. The company 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. As a group, equities research analysts anticipate that Venture Global, Inc. will post 1.44 EPS for the current year.

Venture Global Dividend Announcement

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

Insider Activity

In other Venture Global news, COO Brian Cothran sold 31,910 shares of the stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $14.33, for a total value of $457,270.30. The sale was disclosed in a filing with the SEC, which is available through this link. Also, 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 4,570,511 shares of company stock worth $59,690,394 in the last ninety days. 84.24% of the stock is owned by insiders.

Hedge Funds Weigh In On Venture Global

Several large investors have recently bought and sold shares of VG. Blue Trust Inc. raised its stake in Venture Global by 1,750.0% in the fourth quarter. Blue Trust Inc. now owns 3,700 shares of the company’s stock valued at $25,000 after buying an additional 3,500 shares in the last quarter. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Venture Global during the 2nd quarter worth about $26,000. Harbour Investments Inc. acquired a new position in shares of Venture Global during the 4th quarter worth about $29,000. Rockefeller Capital Management L.P. increased its holdings in shares of Venture Global by 218.1% in the 4th quarter. Rockefeller Capital Management L.P. now owns 4,421 shares of the company’s stock valued at $30,000 after acquiring an additional 3,031 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd increased its holdings in shares of Venture Global by 217.5% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 6,230 shares of the company’s stock valued at $42,000 after acquiring an additional 4,268 shares during the last quarter.

About Venture Global

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.