54,214 Shares in Venture Global, Inc. $VG Bought by Lombard Odier Asset Management USA Corp

Lombard Odier Asset Management USA Corp bought a new stake in shares of Venture Global, Inc. (NYSE:VG) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 54,214 shares of the company’s stock, valued at approximately $854,000.

Several other hedge funds have also bought and sold shares of VG. Royal Bank of Canada purchased a new stake in shares of Venture Global in the first quarter worth about $2,150,000. Integrated Wealth Concepts LLC bought a new stake in Venture Global in the 1st quarter worth approximately $152,000. NewEdge Advisors LLC purchased a new stake in shares of Venture Global during the 1st quarter worth approximately $460,000. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Venture Global during the 2nd quarter worth approximately $26,000. Finally, Amundi bought a new position in shares of Venture Global during the 2nd quarter valued at approximately $213,000.

Venture Global Stock Down 5.5%

Shares of VG opened at $14.32 on Friday. The company has a quick ratio of 0.80, a current ratio of 0.87 and a debt-to-equity ratio of 3.40. The business has a fifty day moving average of $12.53 and a 200 day moving average of $11.85. The company has a market cap of $35.59 billion, a PE ratio of 15.92, a P/E/G ratio of 0.58 and a beta of 0.33. Venture Global, Inc. has a 52-week low of $5.72 and a 52-week high of $17.62.

Venture Global (NYSE:VG) last posted its quarterly earnings data 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. Venture Global had a net margin of 16.94% and a return on equity of 26.90%. The business had revenue of $4.60 billion for the quarter. The company’s revenue for the quarter was up 58.9% compared to the same quarter last year. On average, sell-side analysts expect that Venture Global, Inc. will post 1.46 EPS for the current year.

Venture Global Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were issued a dividend of $0.018 per share. This represents a $0.07 annualized dividend and a yield of 0.5%. The ex-dividend date was Monday, June 15th. Venture Global’s dividend payout ratio is presently 7.78%.

Analyst Ratings Changes

A number of research analysts recently weighed in on VG shares. JPMorgan Chase & Co. raised shares of Venture Global from a “neutral” rating to an “overweight” rating and raised their target price for the company from $16.00 to $17.00 in a report on Thursday, June 4th. The Goldman Sachs Group set a $18.00 price target on shares of Venture Global in a research note on Thursday, May 14th. Zacks Research raised shares of Venture Global from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 14th. Scotiabank boosted 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. Finally, Mizuho upped their target price on shares of Venture Global from $13.00 to $15.00 and gave the company a “neutral” rating in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, Venture Global has an average rating of “Moderate Buy” and an average target price of $16.06.

Insider Activity

In related news, VP Fory Musser sold 2,000,000 shares of the stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $13.09, for a total value of $26,180,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Jonathan W. Thayer sold 111,111 shares of the firm’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 disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 4,348,288 shares of company stock valued at $57,091,496. 84.24% of the stock is currently owned by company 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.