Venture Global, Inc. $VG Shares Bought by Pacer Advisors Inc.

Pacer Advisors Inc. increased its stake in shares of Venture Global, Inc. (NYSE:VG) by 74.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 172,275 shares of the company’s stock after buying an additional 73,481 shares during the quarter. Pacer Advisors Inc.’s holdings in Venture Global were worth $2,445,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in VG. Northwestern Mutual Wealth Management Co. acquired a new position in Venture Global in the 2nd quarter worth about $26,000. AdvisorNet Financial Inc purchased a new stake in shares of Venture Global in the 2nd quarter valued at approximately $28,000. Delos Wealth Advisors LLC purchased a new position in Venture Global during the second quarter worth about $45,000. Future Financial Wealth Managment LLC acquired a new stake in shares of Venture Global in the second quarter valued at $47,000. Finally, Allworth Financial LP purchased a new stake in Venture Global during the 2nd quarter worth approximately $63,000.

Venture Global Trading Down 0.1%

Shares of VG opened at $7.01 on Wednesday. The company has a debt-to-equity ratio of 3.46, a current ratio of 0.83 and a quick ratio of 0.77. Venture Global, Inc. has a 1-year low of $5.72 and a 1-year high of $25.50. The firm has a 50 day simple moving average of $7.44 and a 200-day simple moving average of $11.76. The stock has a market cap of $17.16 billion and a price-to-earnings ratio of 8.99.

Venture Global (NYSE:VG) last issued its quarterly earnings results on Monday, November 10th. The company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.06). Venture Global had a net margin of 21.99% and a return on equity of 29.55%. The business had revenue of $3.33 billion during the quarter, compared to analyst estimates of $3.23 billion. The company’s revenue was up 259.5% on a year-over-year basis. Equities analysts forecast that Venture Global, Inc. will post 0.52 EPS for the current fiscal year.

Venture Global Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be paid a dividend of $0.017 per share. The ex-dividend date is Monday, December 15th. This represents a $0.07 annualized dividend and a dividend yield of 1.0%. Venture Global’s dividend payout ratio (DPR) is currently 7.69%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Weiss Ratings reiterated a “sell (d+)” rating on shares of Venture Global in a report on Monday. Mizuho reissued a “neutral” rating and issued a $12.00 target price (down from $17.00) on shares of Venture Global in a research report on Friday, October 10th. The Goldman Sachs Group restated a “buy” rating and set a $17.50 price target on shares of Venture Global in a research note on Monday, November 10th. Citigroup cut their price target on Venture Global from $16.00 to $9.00 and set a “neutral” rating on the stock in a research report on Monday, November 24th. Finally, Bank of America decreased their price objective on Venture Global from $15.00 to $11.00 and set a “buy” rating for the company in a report on Thursday, December 11th. Eight research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Venture Global currently has an average rating of “Hold” and an average price target of $14.25.

Insider Buying and Selling

In related news, insider Thomas Earl sold 1,000,000 shares of Venture Global stock in a transaction on Friday, December 5th. The shares were sold at an average price of $6.89, for a total value of $6,890,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Fory Musser sold 42,901 shares of the firm’s stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $7.80, for a total value of $334,627.80. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 3,000,000 shares of company stock valued at $22,904,729. 86.73% of the stock is owned by insiders.

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.