Scientech Research LLC Invests $721,000 in Venture Global, Inc. $VG

Key Points

• Scientech Research LLC acquired 69,963 shares of Venture Global, Inc., estimated to be worth around $721,000, marking the company's new investment strategy in the first quarter.
• Multiple analysts have raised their price targets for Venture Global, with Scotiabank setting the target at $16.00 and UBS Group at $18.00, contributing to a consensus rating of "Moderate Buy."
• Venture Global's stock has seen significant volatility, ranging from a 52-week low of $6.75 to a high of $25.50, currently trading at $13.49 with strong trading performance in recent days.

Scientech Research LLC acquired a new position in Venture Global, Inc. (NYSE:VG - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 69,963 shares of the company's stock, valued at approximately $721,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. Renaissance Capital LLC bought a new stake in Venture Global in the first quarter worth $1,439,000. Defined Wealth Management LLC acquired a new position in shares of Venture Global during the 1st quarter worth approximately $114,000. Wealth Enhancement Advisory Services LLC acquired a new position in Venture Global in the 1st quarter valued at $156,000. Exchange Traded Concepts LLC purchased a new stake in Venture Global in the 1st quarter valued at $1,316,000. Finally, Forefront Wealth Management Inc. purchased a new position in shares of Venture Global during the 1st quarter worth $938,000.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on VG shares. Johnson Rice assumed coverage on Venture Global in a research report on Tuesday, June 17th. They issued a "buy" rating and a $20.00 price target on the stock. Wall Street Zen raised Venture Global from a "sell" rating to a "hold" rating in a report on Saturday, June 28th. Scotiabank upped their target price on Venture Global from $13.00 to $16.00 and gave the company a "sector perform" rating in a research note on Tuesday, July 15th. Deutsche Bank Aktiengesellschaft raised Venture Global from a "hold" rating to a "buy" rating and set a $17.00 target price for the company in a research report on Thursday, August 28th. Finally, Tudor Pickering upgraded Venture Global to a "hold" rating in a research note on Tuesday, September 2nd. Nine investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, Venture Global has an average rating of "Moderate Buy" and an average price target of $17.00.

Venture Global Trading Down 1.0%

Venture Global stock traded down $0.14 during trading hours on Friday, hitting $13.61. The stock had a trading volume of 5,155,610 shares, compared to its average volume of 5,868,071. Venture Global, Inc. has a fifty-two week low of $6.75 and a fifty-two week high of $25.50. The company has a current ratio of 1.39, a quick ratio of 1.33 and a debt-to-equity ratio of 3.38. The company has a 50-day moving average of $14.19 and a two-hundred day moving average of $12.52.

Venture Global Increases Dividend

The company also recently declared a half year 25 dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 19th will be paid a $0.017 dividend. The ex-dividend date of this dividend is Friday, September 19th. This represents a dividend yield of 50.0%. This is a positive change from Venture Global's previous half year 25 dividend of $0.02.

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.