Venture Global (NYSE:VG) Shares Down 4% – Here’s Why

Venture Global, Inc. (NYSE:VG) fell 4% during trading on Monday . The stock traded as low as $13.66 and last traded at $13.74. Approximately 2,508,611 shares were traded during trading, a decline of 87% from the average session volume of 19,509,307 shares. The stock had previously closed at $14.31.

Wall Street Analysts Forecast Growth

VG has been the subject of several recent analyst reports. Morgan Stanley raised their target price on shares of Venture Global from $20.00 to $22.00 and gave the company an “overweight” rating in a research note on Wednesday, May 13th. The Goldman Sachs Group set a $18.00 price target on Venture Global in a research report on Thursday, May 14th. JPMorgan Chase & Co. upgraded Venture Global from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $16.00 to $17.00 in a report on Thursday, June 4th. Citigroup raised Venture Global from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $12.00 to $17.00 in a research report on Wednesday, May 13th. Finally, Weiss Ratings lowered Venture Global from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, July 20th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $16.06.

Venture Global Stock Down 7.5%

The company has a market capitalization of $32.88 billion, a price-to-earnings ratio of 14.69, a PEG ratio of 0.58 and a beta of 0.33. 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 business’s 50 day moving average is $12.53 and its 200 day moving average is $11.88.

Venture Global (NYSE:VG) last issued 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 business had revenue of $4.60 billion for the quarter. Venture Global had a net margin of 16.94% and a return on equity of 26.90%. The business’s revenue for the quarter was up 58.9% on a year-over-year basis. Sell-side analysts anticipate that Venture Global, Inc. will post 1.46 earnings per share 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 given a $0.018 dividend. This represents a $0.07 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Monday, June 15th. Venture Global’s dividend payout ratio is presently 7.78%.

Insider Transactions at Venture Global

In other Venture Global news, CFO Jonathan W. Thayer sold 111,111 shares of the business’s stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $11.05, for a total transaction of $1,227,776.55. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Thomas Earl sold 1,000,000 shares of the stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $12.44, for a total value of $12,440,000.00. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 4,348,288 shares of company stock worth $57,091,496. Insiders own 84.24% of the company’s stock.

Institutional Investors Weigh In On Venture Global

Large investors have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. acquired a new position in Venture Global in the 2nd quarter worth approximately $26,000. LRI Investments LLC acquired a new stake in Venture Global during the 2nd quarter valued at approximately $28,000. Blue Trust Inc. lifted its stake in Venture Global by 1,750.0% during the 4th quarter. Blue Trust Inc. now owns 3,700 shares of the company’s stock valued at $25,000 after acquiring an additional 3,500 shares during the period. Harbour Investments Inc. purchased a new stake in shares of Venture Global in the 4th quarter valued at $29,000. Finally, Rockefeller Capital Management L.P. boosted 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.

Venture Global Company 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.