127,806 Shares in Venture Global, Inc. (NYSE:VG) Acquired by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC purchased a new position in shares of Venture Global, Inc. (NYSE:VG - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 127,806 shares of the company's stock, valued at approximately $1,316,000.

Other large investors have also recently made changes to their positions in the company. Defined Wealth Management LLC bought a new stake in Venture Global during the 1st quarter valued at about $114,000. Wealth Enhancement Advisory Services LLC bought a new stake in Venture Global during the 1st quarter valued at about $156,000. Finally, Renaissance Capital LLC bought a new stake in Venture Global during the 1st quarter valued at about $1,439,000.

Venture Global Stock Up 4.5%

Shares of Venture Global stock traded up $0.82 on Friday, reaching $19.10. The stock had a trading volume of 7,624,945 shares, compared to its average volume of 7,068,204. The firm's 50 day moving average price is $11.65. The company has a quick ratio of 1.67, a current ratio of 1.73 and a debt-to-equity ratio of 3.49. Venture Global, Inc. has a 1 year low of $6.75 and a 1 year high of $25.50.

Venture Global (NYSE:VG - Get Free Report) last issued its quarterly earnings data on Tuesday, May 13th. The company reported $0.16 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.24 by ($0.08). The firm had revenue of $2.89 billion for the quarter, compared to analysts' expectations of $2.83 billion. On average, sell-side analysts predict that Venture Global, Inc. will post 0.52 EPS for the current fiscal year.

Venture Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 10th will be given a $0.0165 dividend. This represents a $0.07 dividend on an annualized basis and a dividend yield of 0.35%. The ex-dividend date is Tuesday, June 10th.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on VG. JPMorgan Chase & Co. decreased their price objective on shares of Venture Global from $16.00 to $15.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. Scotiabank decreased their price objective on shares of Venture Global from $17.00 to $15.00 and set a "sector perform" rating for the company in a report on Friday, March 7th. UBS Group downgraded shares of Venture Global from a "buy" rating to a "neutral" rating and raised their target price for the company from $14.00 to $18.00 in a research report on Thursday, June 12th. Wall Street Zen downgraded shares of Venture Global from a "hold" rating to a "sell" rating in a research report on Saturday, June 14th. Finally, Citigroup cut their target price on shares of Venture Global from $18.00 to $11.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 11th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $16.27.

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.