Headlands Technologies LLC Has $380,000 Holdings in Venture Global, Inc. $VG

Key Points

• Headlands Technologies cut its Venture Global stake by 72.7% in the second quarter, leaving it with 34,128 shares valued at approximately $380,000. Other institutions, including UBS, increased their positions or initiated new stakes.
• Analysts remain generally positive but cautious, with Venture Global receiving a “Moderate Buy” consensus rating and an average price target of $16.07. The company reported quarterly EPS of $0.51, slightly above estimates, on $4.58 billion in revenue.
• Insiders sold more than 2.34 million shares worth $32.4 million over the past 90 days, while Venture Global doubled its quarterly dividend to $0.04 per share, implying an annualized yield of about 1.1%.

Headlands Technologies LLC trimmed its position in shares of Venture Global, Inc. (NYSE:VG - Free Report) by 72.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 34,128 shares of the company's stock after selling 90,948 shares during the quarter. Headlands Technologies LLC's holdings in Venture Global were worth $380,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Corecam AG acquired a new stake in shares of Venture Global in the second quarter valued at $2,401,000. UBS Group AG grew its holdings in Venture Global by 520.8% during the 4th quarter. UBS Group AG now owns 6,279,598 shares of the company's stock worth $42,827,000 after acquiring an additional 5,268,053 shares during the last quarter. Y Intercept Hong Kong Ltd increased its position in Venture Global by 304.4% in the 1st quarter. Y Intercept Hong Kong Ltd now owns 149,214 shares of the company's stock valued at $2,352,000 after acquiring an additional 112,318 shares in the last quarter. Bleakley Financial Group LLC acquired a new position in shares of Venture Global during the first quarter worth approximately $2,235,000. Finally, Clough Capital Partners L P bought a new stake in shares of Venture Global during the first quarter valued at approximately $7,961,000.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on VG. Mizuho boosted their price objective on shares of Venture Global from $13.00 to $15.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 22nd. Weiss Ratings downgraded Venture Global from a "hold (c)" rating to a "hold (c-)" rating in a research report on Monday, July 20th. Zacks Research cut Venture Global from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 12th. Sanford C. Bernstein initiated coverage on Venture Global in a report on Tuesday, June 16th. They set a "market perform" rating and a $14.00 price objective for the company. Finally, The Goldman Sachs Group set a $18.00 target price on shares of Venture Global in a research report on Thursday, May 14th. Eight research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $16.07.

Insiders Place Their Bets

In related news, Director Jimmy Staton sold 66,000 shares of the stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $13.35, for a total value of $881,100.00. Following the sale, the director directly owned 1,083,000 shares in the company, valued at $14,458,050. This trade represents a 5.74% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Sarah Blake sold 1,000,000 shares of Venture Global stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $14.02, for a total transaction of $14,020,000.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 2,340,893 shares of company stock worth $32,404,567 over the last ninety days. Company insiders own 84.24% of the company's stock.

Venture Global Stock Down 1.8%

NYSE:VG opened at $14.47 on Friday. Venture Global, Inc. has a 12-month low of $5.72 and a 12-month high of $17.62. The company has a quick ratio of 1.11, a current ratio of 1.19 and a debt-to-equity ratio of 3.44. The firm has a market capitalization of $36.18 billion, a P/E ratio of 11.39, a P/E/G ratio of 0.61 and a beta of 0.26. The stock's fifty day simple moving average is $13.28 and its 200-day simple moving average is $12.88.

Venture Global (NYSE:VG - Get Free Report) last released its quarterly earnings data on Monday, August 10th. The company reported $0.51 EPS for the quarter, beating analysts' consensus estimates of $0.50 by $0.01. Venture Global had a return on equity of 34.08% and a net margin of 21.24%.The business had revenue of $4.58 billion during the quarter. Equities research analysts expect that Venture Global, Inc. will post 1.63 earnings per share for the current year.

Venture Global Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be paid a $0.04 dividend. This is a boost from Venture Global's previous quarterly dividend of $0.02. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.1%. Venture Global's dividend payout ratio (DPR) is currently 5.51%.

About Venture Global

Venture Global NYSE: VG is a Houston-based energy company that develops, constructs and operates large-scale liquefied natural gas (LNG) export facilities in the United States. The company focuses on converting domestically produced natural gas into LNG for shipment to international markets, positioning itself as a supplier of pipeline-quality gas in vessel-ready form for global customers.

Venture Global's core activities include site development, engineering and construction of liquefaction and export terminals, commissioning and ongoing operations of those facilities, and commercial marketing of LNG under both long-term and short-term contracts.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source