Venture Global (NYSE:VG) Hits New 1-Year Low – Here’s Why

Venture Global, Inc. (NYSE:VG)’s stock price reached a new 52-week low during trading on Tuesday . The company traded as low as $5.72 and last traded at $5.7370, with a volume of 8072835 shares changing hands. The stock had previously closed at $5.93.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Capital One Financial assumed coverage on Venture Global in a research note on Tuesday, November 4th. They issued an “equal weight” rating and a $11.00 price objective for the company. Wells Fargo & Company set a $8.00 target price on shares of Venture Global in a report on Monday. US Capital Advisors raised shares of Venture Global to a “moderate sell” rating in a research note on Monday. The Goldman Sachs Group reissued a “buy” rating and set a $17.50 price objective on shares of Venture Global in a report on Monday, November 10th. Finally, Zacks Research lowered shares of Venture Global from a “hold” rating to a “strong sell” rating in a report on Friday, November 28th. Eight investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Venture Global has a consensus rating of “Hold” and a consensus target price of $14.25.

Venture Global Stock Performance

The firm has a 50-day moving average of $7.80 and a 200-day moving average of $12.28. The company has a current ratio of 0.83, a quick ratio of 0.77 and a debt-to-equity ratio of 3.46. The stock has a market capitalization of $14.86 billion and a price-to-earnings ratio of 7.52.

Venture Global (NYSE:VG) last released its earnings results on Monday, November 10th. The company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.06). The firm had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.23 billion. Venture Global had a return on equity of 29.55% and a net margin of 21.99%.The firm’s revenue for the quarter was up 259.5% compared to the same quarter last year. As a group, sell-side analysts predict that Venture Global, Inc. will post 0.52 earnings per share for the current year.

Venture Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be issued a $0.017 dividend. This represents a $0.07 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Monday, December 15th. Venture Global’s dividend payout ratio is 8.97%.

Insiders Place Their Bets

In related news, insider Thomas Earl sold 1,000,000 shares of the firm’s stock in a transaction on Friday, December 5th. The shares were sold at an average price of $6.89, for a total transaction of $6,890,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Fory Musser sold 42,901 shares of the company’s stock in a transaction on Thursday, November 20th. The shares were sold at an average price of $7.80, for a total transaction of $334,627.80. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 3,000,000 shares of company stock worth $22,904,729 in the last quarter. Company insiders own 86.73% of the company’s stock.

Hedge Funds Weigh In On Venture Global

Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its position in Venture Global by 147.4% during the third quarter. Vanguard Group Inc. now owns 22,862,372 shares of the company’s stock valued at $324,417,000 after buying an additional 13,620,863 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Venture Global during the 2nd quarter worth approximately $76,489,000. Millennium Management LLC purchased a new position in shares of Venture Global during the 1st quarter valued at approximately $32,099,000. Tortoise Capital Advisors L.L.C. acquired a new stake in Venture Global in the 1st quarter valued at $28,673,000. Finally, Adage Capital Partners GP L.L.C. acquired a new position in Venture Global during the first quarter worth $20,085,000.

About Venture Global

Venture Global has fundamentally reshaped the development and construction of liquefied natural gas production, establishing us as a rapidly growing company delivering critical LNG to the world. Our innovative and disruptive approach, which is both scalable and repeatable, allows us to bring LNG to a global market years faster and at a lower cost.