Venture Global (NYSE:VG) Shares Gap Down – What’s Next?

Venture Global, Inc. (NYSE:VG) shares gapped down prior to trading on Monday . The stock had previously closed at $13.08, but opened at $12.30. Venture Global shares last traded at $12.0370, with a volume of 4,675,765 shares traded.

Analyst Upgrades and Downgrades

Several research firms have weighed in on VG. US Capital Advisors set a $13.00 target price on shares of Venture Global in a report on Friday, May 29th. Scotiabank increased their target price on shares of Venture Global from $13.00 to $15.00 and gave the stock a “sector perform” rating in a report on Wednesday, May 13th. Bank of America increased their target price on shares of Venture Global from $13.00 to $16.00 and gave the stock a “buy” rating in a report on Friday, March 20th. Raymond James Financial reiterated an “outperform” rating and issued a $16.00 target price on shares of Venture Global in a report on Wednesday, May 20th. Finally, The Goldman Sachs Group set a $18.00 target price on shares of Venture Global in a report on Thursday, May 14th. Nine investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $15.94.

Venture Global Price Performance

The company has a current ratio of 0.87, a quick ratio of 0.80 and a debt-to-equity ratio of 3.40. The firm has a market cap of $27.44 billion, a P/E ratio of 12.27, a PEG ratio of 0.51 and a beta of 0.27. The company has a fifty day moving average price of $12.87 and a two-hundred day moving average price of $10.80.

Venture Global (NYSE:VG) last released its quarterly earnings data on Monday, May 11th. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.07. Venture Global had a return on equity of 26.90% and a net margin of 16.94%.The business had revenue of $4.60 billion for the quarter. The company’s revenue was up 58.9% on a year-over-year basis. Equities analysts anticipate that Venture Global, Inc. will post 1.46 earnings per share for the current year.

Venture Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a dividend of $0.018 per share. This represents a $0.07 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Monday, June 15th. Venture Global’s payout ratio is 7.78%.

Insider Buying and Selling at Venture Global

In other news, CAO Sarah Blake sold 200,000 shares of Venture Global stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $16.00, for a total transaction of $3,200,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Jonathan W. Thayer sold 2,611,111 shares of Venture Global stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $16.08, for a total value of $41,986,664.88. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 7,270,511 shares of company stock worth $103,649,283 over the last three months. Company insiders own 84.24% of the company’s stock.

Institutional Investors Weigh In On Venture Global

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its position in Venture Global by 147.4% in the 3rd 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 last quarter. State Street Corp raised its position in Venture Global by 82.7% in the 4th quarter. State Street Corp now owns 10,812,233 shares of the company’s stock valued at $73,739,000 after buying an additional 4,893,707 shares during the last quarter. UBS Group AG raised its position in Venture Global by 520.8% in the 4th quarter. UBS Group AG now owns 6,279,598 shares of the company’s stock valued at $42,827,000 after buying an additional 5,268,053 shares during the last quarter. Geode Capital Management LLC raised its position in Venture Global by 5.7% in the 4th quarter. Geode Capital Management LLC now owns 5,101,668 shares of the company’s stock valued at $34,811,000 after buying an additional 273,331 shares during the last quarter. Finally, Cohen & Steers Inc. raised its position in Venture Global by 4.6% in the 4th quarter. Cohen & Steers Inc. now owns 4,963,166 shares of the company’s stock valued at $33,849,000 after buying an additional 219,505 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.