Venture Global’s (VG) Market Perform Rating Reiterated at Sanford C. Bernstein

Sanford C. Bernstein reiterated their market perform rating on shares of Venture Global (NYSE:VG) in a research report report published on Tuesday,Benzinga reports. They currently have a $14.00 price target on the stock.

A number of other equities research analysts have also recently commented on the stock. Scotiabank increased their target price on shares of Venture Global from $15.00 to $16.00 and gave the company a “sector perform” rating in a research report on Thursday, September 10th. Mizuho lifted their price target on shares of Venture Global from $13.00 to $15.00 and gave the stock a “neutral” rating in a report on Wednesday, July 22nd. Weiss Ratings raised Venture Global from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, September 28th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Venture Global in a report on Wednesday, October 7th. Finally, Zacks Research lowered Venture Global from a “strong-buy” rating to a “hold” rating in a report on Monday, October 12th. Ten analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $16.87.

Venture Global Stock Performance

VG stock opened at $13.28 on Tuesday. The firm has a market cap of $33.20 billion, a price-to-earnings ratio of 6.42 and a beta of 0.22. The firm has a 50-day simple moving average of $13.46 and a two-hundred day simple moving average of $12.81. Venture Global has a one year low of $5.72 and a one year high of $17.62. The company has a debt-to-equity ratio of 2.96, a quick ratio of 1.11 and a current ratio of 0.90.

Venture Global (NYSE:VG) last released its quarterly earnings results on Monday, November 9th. The company reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.46. Venture Global had a net margin of 31.11% and a return on equity of 39.19%. The business had revenue of $4.76 billion for the quarter. During the same quarter in the prior year, the business posted $0.16 earnings per share. The firm’s quarterly revenue was up 42.9% on a year-over-year basis. On average, equities analysts forecast that Venture Global will post 1.79 EPS for the current fiscal year.

Venture Global Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Tuesday, December 15th will be paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 1.2%. The ex-dividend date is Tuesday, December 15th. Venture Global’s payout ratio is presently 7.73%.

Insider Buying and Selling

In other Venture Global news, VP Fory Musser sold 259,413 shares of the firm’s stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $14.26, for a total transaction of $3,699,229.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Jonathan Thayer sold 111,111 shares of the firm’s stock in a transaction on Tuesday, October 20th. The stock was sold at an average price of $12.70, for a total transaction of $1,411,109.70. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 780,019 shares of company stock worth $11,200,943. 84.24% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. LRI Investments LLC acquired a new position in Venture Global in the 2nd quarter worth about $28,000. Reyes Financial Architecture Inc. acquired a new stake in shares of Venture Global in the third quarter valued at about $28,000. Rockefeller Capital Management L.P. increased its stake in shares of Venture Global by 218.1% during the fourth quarter. Rockefeller Capital Management L.P. now owns 4,421 shares of the company’s stock worth $30,000 after purchasing an additional 3,031 shares in the last quarter. IFP Advisors Inc purchased a new stake in shares of Venture Global during the second quarter worth about $31,000. Finally, Fifth Third Bancorp increased its stake in shares of Venture Global by 17,041.2% during the first quarter. Fifth Third Bancorp now owns 5,828 shares of the company’s stock worth $92,000 after purchasing an additional 5,794 shares in the last quarter.

Venture Global Company Profile

Venture Global, Inc. is a U.S. liquefied natural gas (LNG) company that develops, constructs and operates facilities to produce and export LNG. Its activities include sourcing natural gas, processing it into LNG and delivering the fuel to customers in international markets, often through long-term supply agreements. Founded in 2013, the company is based in Arlington, Virginia, and focuses its LNG projects on Louisiana’s Gulf Coast. Its facilities include Calcasieu Pass and Plaquemines LNG, while it is also developing additional export capacity, including the proposed CP2 project.