Context Capital Management LLC Buys Shares of 74,568 Venture Global, Inc. (NYSE:VG)

Context Capital Management LLC bought a new position in shares of Venture Global, Inc. (NYSE:VG - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund bought 74,568 shares of the company's stock, valued at approximately $768,000.

Other hedge funds also recently bought and sold shares of the company. Center for Financial Planning Inc. purchased a new position in Venture Global in the 1st quarter valued at $37,000. ORG Wealth Partners LLC purchased a new stake in shares of Venture Global during the 1st quarter worth $60,000. Defined Wealth Management LLC acquired a new position in shares of Venture Global during the 1st quarter worth $114,000. Summit Trail Advisors LLC purchased a new position in shares of Venture Global in the 1st quarter valued at about $114,000. Finally, Stephens Inc. AR purchased a new stake in Venture Global during the first quarter worth about $114,000.

Analysts Set New Price Targets

A number of research firms have recently weighed in on VG. The Goldman Sachs Group cut their price target on Venture Global from $20.00 to $17.50 and set a "buy" rating for the company in a report on Wednesday, May 14th. JPMorgan Chase & Co. cut their target price on shares of Venture Global from $16.00 to $15.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. Deutsche Bank Aktiengesellschaft cut shares of Venture Global from a "buy" rating to a "hold" rating and set a $17.00 price target on the stock. in a research note on Monday, July 14th. Johnson Rice initiated coverage on Venture Global in a report on Tuesday, June 17th. They issued a "buy" rating and a $20.00 price target for the company. Finally, UBS Group cut shares of Venture Global from a "buy" rating to a "neutral" rating and raised their target price for the stock from $14.00 to $18.00 in a research report on Thursday, June 12th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat, Venture Global presently has an average rating of "Hold" and a consensus price target of $16.69.

Venture Global Stock Performance

VG traded down $0.39 during trading hours on Friday, hitting $15.89. 3,600,559 shares of the stock were exchanged, compared to its average volume of 4,735,863. The stock has a 50-day simple moving average of $14.61. The company has a debt-to-equity ratio of 3.49, a current ratio of 1.73 and a quick ratio of 1.67. Venture Global, Inc. has a 12 month low of $6.75 and a 12 month high of $25.50.

Venture Global (NYSE:VG - Get Free Report) last announced its quarterly earnings results on Tuesday, May 13th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.08). The company had revenue of $2.89 billion during the quarter, compared to analyst estimates of $2.83 billion. Equities research analysts forecast that Venture Global, Inc. will post 0.52 EPS for the current year.

Venture Global Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Tuesday, June 10th were given a dividend of $0.0165 per share. The ex-dividend date was Tuesday, June 10th. This represents a $0.07 dividend on an annualized basis and a dividend yield of 0.42%.

Venture Global 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.