Venture Global (NYSE:VG) Trading 5.5% Higher – What’s Next?

Venture Global, Inc. (NYSE:VG) shares traded up 5.5% during mid-day trading on Tuesday . The company traded as high as $11.35 and last traded at $11.4460. 1,126,311 shares were traded during mid-day trading, a decline of 94% from the average daily volume of 19,674,318 shares. The stock had previously closed at $10.85.

Analysts Set New Price Targets

VG has been the subject of a number of recent analyst reports. Royal Bank Of Canada raised their price target on shares of Venture Global from $14.00 to $16.00 and gave the stock an “outperform” rating in a research report on Friday, April 17th. Mizuho upped their price target on shares of Venture Global from $12.00 to $13.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. The Goldman Sachs Group set a $18.00 price objective on shares of Venture Global in a research note on Thursday, May 14th. Weiss Ratings raised shares of Venture Global from a “sell (d+)” rating to a “hold (c)” rating in a report on Friday, May 8th. Finally, Raymond James Financial reissued an “outperform” rating and issued a $16.00 target price on shares of Venture Global in a research report on Wednesday, May 20th. Nine equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, Venture Global currently has an average rating of “Moderate Buy” and a consensus price target of $15.94.

Venture Global Trading Up 6.9%

The company has a market cap of $30.79 billion, a P/E ratio of 13.77, a P/E/G ratio of 0.51 and a beta of 0.33. The business has a fifty day simple moving average of $12.30 and a 200 day simple moving average of $11.32. 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 issued its quarterly earnings results on Monday, May 11th. The company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.07. The business had revenue of $4.60 billion during the quarter. Venture Global had a return on equity of 26.90% and a net margin of 16.94%.The company’s revenue for the quarter was up 58.9% on a year-over-year basis. Analysts anticipate that Venture Global, Inc. will post 1.44 earnings per share for the current fiscal year.

Venture Global Dividend Announcement

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

Insider Buying and Selling at Venture Global

In other news, CFO Jonathan W. Thayer sold 111,111 shares of Venture Global stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $11.05, for a total value of $1,227,776.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Fory Musser sold 233,735 shares of the business’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $12.61, for a total transaction of $2,947,398.35. The SEC filing for this sale provides additional information. Insiders have sold 4,570,511 shares of company stock worth $59,690,394 in the last ninety days. 84.24% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Venture Global

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