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 purchased a new position in shares of Venture Global, Inc. (NYSE:VG - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 69,963 shares of the company's stock, valued at approximately $721,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of VG. Allianz Asset Management GmbH bought a new stake in shares of Venture Global during the first quarter worth approximately $3,547,294,000. Vanguard Group Inc. bought a new stake in shares of Venture Global during the first quarter worth approximately $125,788,000. Deutsche Bank AG bought a new stake in shares of Venture Global during the first quarter worth approximately $37,798,000. Millennium Management LLC bought a new stake in shares of Venture Global during the first quarter worth approximately $32,099,000. Finally, Tortoise Capital Advisors L.L.C. bought a new stake in shares of Venture Global in the first quarter valued at approximately $28,673,000.

Venture Global Price Performance

Shares of Venture Global stock traded down $0.14 during trading on Friday, hitting $13.61. The company's stock had a trading volume of 5,155,610 shares, compared to its average volume of 6,162,187. The company has a debt-to-equity ratio of 3.38, a quick ratio of 1.33 and a current ratio of 1.39. The stock has a 50-day moving average price of $14.19 and a two-hundred day moving average price of $12.54. Venture Global, Inc. has a 52 week low of $6.75 and a 52 week high of $25.50.

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 given a dividend of $0.017 per share. This represents a yield of 50.0%. This is an increase from Venture Global's previous half year 25 dividend of $0.02. The ex-dividend date of this dividend is Friday, September 19th.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Tudor Pickering upgraded Venture Global to a "hold" rating in a research note on Tuesday, September 2nd. Bank of America boosted their price target on Venture Global from $12.00 to $18.50 and gave the company a "buy" rating in a research note on Wednesday, June 25th. JPMorgan Chase & Co. boosted their price target on Venture Global from $15.00 to $17.00 and gave the company an "overweight" rating in a research note on Thursday, July 24th. Wells Fargo & Company boosted their price target on Venture Global from $12.00 to $14.00 and gave the company an "equal weight" rating in a research note on Thursday, August 14th. Finally, Wall Street Zen upgraded shares of Venture Global from a "sell" rating to a "hold" rating in a research report on Saturday, June 28th. Nine analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, Venture Global presently has an average rating of "Moderate Buy" and an average price target of $17.00.

Venture Global Company Profile

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.