Interval Partners LP Purchases Shares of 54,854 Venture Global, Inc. $VG

Key Points

• Interval Partners LP has acquired a new stake in Venture Global, Inc., purchasing 54,854 shares valued at approximately $565,000 during the first quarter.
• Multiple institutional investors, including Adage Capital Partners and Scoggin Management, have also recently invested in Venture Global, reflecting increasing interest in the company.
• Analysts have upgraded Venture Global's stock rating, with a consensus target price of $17.00, signaling positive sentiment among investment professionals.

Interval Partners LP purchased a new stake in shares of Venture Global, Inc. (NYSE:VG - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 54,854 shares of the company's stock, valued at approximately $565,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Allianz Asset Management GmbH purchased a new stake in Venture Global in the 1st quarter worth $3,547,294,000. Vanguard Group Inc. bought a new position in Venture Global in the 1st quarter worth about $125,788,000. Deutsche Bank AG purchased a new position in shares of Venture Global during the first quarter worth approximately $37,798,000. Tortoise Capital Advisors L.L.C. purchased a new position in shares of Venture Global during the first quarter worth approximately $28,673,000. Finally, Adage Capital Partners GP L.L.C. purchased a new position in shares of Venture Global during the first quarter worth approximately $20,085,000.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on VG. UBS Group upgraded shares of Venture Global from a "neutral" rating to a "buy" rating and set a $18.00 price objective for the company in a research note on Monday, August 25th. Johnson Rice began coverage on shares of Venture Global in a research note on Tuesday, June 17th. They set a "buy" rating and a $20.00 price objective for the company. Deutsche Bank Aktiengesellschaft raised shares of Venture Global from a "hold" rating to a "buy" rating and set a $17.00 price objective for the company in a report on Thursday, August 28th. The Goldman Sachs Group reduced their price target on shares of Venture Global from $20.00 to $17.50 and set a "buy" rating for the company in a research report on Wednesday, May 14th. Finally, Bank of America upped their price objective on shares of Venture Global from $12.00 to $18.50 and gave the company a "buy" rating in a research note on Wednesday, June 25th. Nine equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $17.00.

Venture Global Price Performance

Venture Global stock traded down $0.14 during midday trading on Thursday, hitting $13.83. 2,717,803 shares of the company's stock were exchanged, compared to its average volume of 7,084,499. Venture Global, Inc. has a 12-month low of $6.75 and a 12-month 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 firm's 50 day simple moving average is $14.26 and its 200 day simple moving average is $12.55.

Venture Global Dividend Announcement

The company also recently announced a half year 25 dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 19th will be given a dividend of $0.017 per share.

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.