481,000 Venture Global, Inc. $VG Shares Purchased by CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT

Key Points

• Institutional buying: Cushing Asset Management increased its Venture Global stake by 34.6%, purchasing 481,000 shares to bring its holdings to 1.87 million shares valued at approximately $23.6 million.
• Analyst outlook remains positive: Venture Global has an average “Moderate Buy” rating, with 10 analysts rating it Buy and seven Hold; the average price target is $16.50, including Wells Fargo’s upgrade to Overweight with a $21 target.
• Stock and company updates: VG opened at $13.78, while the company reported quarterly EPS of $0.51 versus a $0.50 estimate and raised its quarterly dividend to $0.04 per share. Insiders, however, sold 2.49 million shares worth about $35.1 million during the last quarter.

CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT lifted its stake in Venture Global, Inc. (NYSE:VG - Free Report) by 34.6% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,870,000 shares of the company's stock after buying an additional 481,000 shares during the quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT owned about 0.07% of Venture Global worth $23,637,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in VG. Ancora Advisors LLC lifted its stake in shares of Venture Global by 3.8% during the 2nd quarter. Ancora Advisors LLC now owns 27,000 shares of the company's stock valued at $301,000 after buying an additional 1,000 shares in the last quarter. Kestra Private Wealth Services LLC boosted its holdings in Venture Global by 8.8% in the 1st quarter. Kestra Private Wealth Services LLC now owns 12,429 shares of the company's stock worth $196,000 after buying an additional 1,004 shares during the period. SBI Securities Co. Ltd. boosted its holdings in Venture Global by 11.3% in the 3rd quarter. SBI Securities Co. Ltd. now owns 13,484 shares of the company's stock worth $170,000 after buying an additional 1,371 shares during the period. Prime Capital Investment Advisors LLC increased its stake in Venture Global by 7.0% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 22,054 shares of the company's stock worth $279,000 after buying an additional 1,442 shares in the last quarter. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors increased its stake in Venture Global by 10.1% in the 3rd quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 17,587 shares of the company's stock worth $222,000 after buying an additional 1,618 shares in the last quarter.

Analyst Upgrades and Downgrades

VG has been the topic of several research analyst reports. Weiss Ratings upgraded Venture Global from a "hold (c-)" rating to a "hold (c)" rating in a research report on Monday, September 28th. Wells Fargo & Company raised Venture Global from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from $15.00 to $21.00 in a research note on Tuesday, October 20th. Royal Bank Of Canada reissued an "outperform" rating on shares of Venture Global in a research note on Wednesday, October 7th. Zacks Research cut Venture Global from a "strong-buy" rating to a "hold" rating in a report on Monday, October 12th. Finally, The Goldman Sachs Group restated a "buy" rating on shares of Venture Global in a research note on Friday, October 9th. Ten equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Venture Global presently has an average rating of "Moderate Buy" and an average price target of $16.50.

Insider Activity at Venture Global

In other Venture Global news, Director Sari Granat sold 200,000 shares of the company's stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $13.49, for a total value of $2,698,000.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Sarah Blake sold 1,000,000 shares of the company's stock in a transaction on Friday, August 14th. The shares were sold at an average price of $14.02, for a total value of $14,020,000.00. The SEC filing for this sale provides additional information. Insiders have sold 2,493,553 shares of company stock worth $35,074,470 over the last quarter. 84.24% of the stock is owned by insiders.

Venture Global Trading Down 1.5%

Shares of VG opened at $13.78 on Tuesday. The company has a current ratio of 1.19, a quick ratio of 1.11 and a debt-to-equity ratio of 3.44. The company has a market cap of $34.46 billion, a P/E ratio of 11.02 and a beta of 0.35. Venture Global, Inc. has a twelve month low of $5.72 and a twelve month high of $17.62. The company's fifty day simple moving average is $13.81 and its 200-day simple moving average is $12.47.

Venture Global (NYSE:VG - Get Free Report) last announced its earnings results on Monday, August 10th. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.01. The business had revenue of $4.58 billion during the quarter. Venture Global had a return on equity of 34.08% and a net margin of 21.24%. As a group, analysts expect that Venture Global, Inc. will post 1.75 EPS for the current year.

Venture Global Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th were paid a dividend of $0.04 per share. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.2%. This is an increase from Venture Global's previous quarterly dividend of $0.0180. Venture Global's dividend payout ratio is 12.60%.

Venture Global Company Profile

Venture Global, Inc NYSE: VG is a U.S.-based liquefied natural gas (LNG) company that develops, constructs, owns and operates LNG export facilities. The company sources natural gas, processes it into LNG and exports the product to customers in international energy markets.

Venture Global's operating and development portfolio is concentrated along the U.S. Gulf Coast, particularly in Louisiana. Its projects include the Calcasieu Pass LNG facility, the Plaquemines LNG facility and additional proposed developments such as CP2 LNG and Delta LNG.

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