Oppenheimer & Co. Inc. Invests $247,000 in Venture Global, Inc. (NYSE:VG)

Oppenheimer & Co. Inc. purchased a new stake in Venture Global, Inc. (NYSE:VG - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 23,936 shares of the company's stock, valued at approximately $247,000.

Other institutional investors have also recently modified their holdings of the company. Center for Financial Planning Inc. acquired a new position in shares of Venture Global in the first quarter worth $37,000. ORG Wealth Partners LLC purchased a new stake in shares of Venture Global in the first quarter worth about $60,000. Defined Wealth Management LLC purchased a new position in Venture Global in the first quarter valued at about $114,000. Wealth Enhancement Advisory Services LLC bought a new position in Venture Global during the 1st quarter worth approximately $156,000. Finally, Forefront Wealth Management Inc. bought a new position in Venture Global during the 1st quarter worth approximately $938,000.

Venture Global Stock Down 3.0%

NYSE:VG traded down $0.46 on Monday, reaching $15.10. The company's stock had a trading volume of 3,373,669 shares, compared to its average volume of 5,603,701. Venture Global, Inc. has a 1-year low of $6.75 and a 1-year high of $25.50. The company has a current ratio of 1.73, a quick ratio of 1.67 and a debt-to-equity ratio of 3.49. The stock's 50-day moving average price is $13.10.

Venture Global (NYSE:VG - Get Free Report) last posted its earnings results on Tuesday, May 13th. The company reported $0.16 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.24 by ($0.08). The business had revenue of $2.89 billion during the quarter, compared to analysts' expectations of $2.83 billion. As a group, equities analysts expect that Venture Global, Inc. will post 0.52 earnings per share for the current year.

Venture Global Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Tuesday, June 10th were issued a $0.0165 dividend. The ex-dividend date of this dividend was Tuesday, June 10th. This represents a $0.07 dividend on an annualized basis and a dividend yield of 0.44%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on VG. 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 on the stock. The Goldman Sachs Group cut their price objective on Venture Global from $20.00 to $17.50 and set a "buy" rating on the stock in a report on Wednesday, May 14th. JPMorgan Chase & Co. reduced their price target on shares of Venture Global from $16.00 to $15.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. Wall Street Zen raised shares of Venture Global from a "sell" rating to a "hold" rating in a research note on Saturday, June 28th. Finally, Mizuho cut their target price on shares of Venture Global from $25.00 to $18.00 and set an "outperform" rating on the stock in a research note on Tuesday, March 11th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $16.77.

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.