Oppenheimer & Co. Inc. Purchases New Holdings in Venture Global, Inc. (NYSE:VG)

Oppenheimer & Co. Inc. acquired a new stake in Venture Global, Inc. (NYSE:VG - Free Report) during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 23,936 shares of the company's stock, valued at approximately $247,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Center for Financial Planning Inc. acquired a new position in shares of Venture Global during the 1st quarter worth $37,000. ORG Wealth Partners LLC acquired a new position 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. Wealth Enhancement Advisory Services LLC acquired a new position in Venture Global in the 1st quarter valued at $156,000. Finally, Forefront Wealth Management Inc. acquired a new position in Venture Global in the 1st quarter valued at $938,000.

Venture Global Stock Up 0.6%

Shares of VG opened at $15.56 on Friday. The company has a debt-to-equity ratio of 3.49, a quick ratio of 1.67 and a current ratio of 1.73. Venture Global, Inc. has a twelve month low of $6.75 and a twelve month high of $25.50. The firm has a 50 day moving average of $12.82.

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

Venture Global Announces Dividend

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

Wall Street Analyst Weigh In

VG has been the subject of a number of research reports. Royal Bank Of Canada reduced their price target on shares of Venture Global from $15.00 to $14.00 and set an "outperform" rating for the company in a report on Monday, May 5th. Bank of America lifted their price target on shares of Venture Global from $12.00 to $18.50 and gave the company a "buy" rating in a report on Wednesday, June 25th. Wells Fargo & Company reissued a "reduce" rating on shares of Venture Global in a report on Wednesday, May 14th. The Goldman Sachs Group lowered their price objective 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, Guggenheim lowered their price target on shares of Venture Global from $27.00 to $20.00 and set a "buy" rating for the company in a research report on Monday, March 10th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target 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.

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