Polianta Ltd Purchases Shares of 164,400 Venture Global, Inc. $VG

Key Points

• Polianta Ltd. purchased 164,400 Venture Global shares during the second quarter, valued at approximately $1.83 million. Several other institutional investors also initiated or increased positions.
• Venture Global insiders sold 4.46 million shares worth about $58.7 million over the past three months, including major sales by insider Thomas Earl and VP Fory Musser.
• Analysts maintain a generally positive outlook, with a “Moderate Buy” consensus and an average price target of $16.06 versus the stock’s recent $13.28 price. The company also exceeded quarterly earnings expectations, reporting $4.60 billion in revenue, up 58.9% year over year.

Polianta Ltd purchased a new position in shares of Venture Global, Inc. (NYSE:VG - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 164,400 shares of the company's stock, valued at approximately $1,829,000.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Blue Trust Inc. boosted its stake in shares of Venture Global by 1,750.0% in the fourth quarter. Blue Trust Inc. now owns 3,700 shares of the company's stock worth $25,000 after buying an additional 3,500 shares during the last quarter. Northwestern Mutual Wealth Management Co. purchased a new position in Venture Global during the second quarter valued at approximately $26,000. Harbour Investments Inc. acquired a new position in Venture Global in the fourth quarter valued at approximately $29,000. Rockefeller Capital Management L.P. lifted its holdings in Venture Global by 218.1% in the fourth quarter. Rockefeller Capital Management L.P. now owns 4,421 shares of the company's stock valued at $30,000 after acquiring an additional 3,031 shares during the period. Finally, Caitong International Asset Management Co. Ltd boosted its position in Venture Global by 217.5% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 6,230 shares of the company's stock worth $42,000 after purchasing an additional 4,268 shares in the last quarter.

Insider Activity at Venture Global

In other Venture Global news, insider Thomas Earl sold 1,000,000 shares of the stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $12.44, for a total transaction of $12,440,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Fory Musser sold 2,000,000 shares of Venture Global stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $13.09, for a total transaction of $26,180,000.00. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 4,459,399 shares of company stock valued at $58,670,384. 84.24% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Mizuho raised their price objective on shares of Venture Global from $13.00 to $15.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 22nd. Raymond James Financial reissued an "outperform" rating and set a $16.00 price target on shares of Venture Global in a report on Wednesday, May 20th. Morgan Stanley raised their price target on shares of Venture Global from $20.00 to $22.00 and gave the company an "overweight" rating in a research report on Wednesday, May 13th. US Capital Advisors set a $13.00 price objective on shares of Venture Global in a report on Friday, May 29th. Finally, Weiss Ratings downgraded shares of Venture Global from a "hold (c)" rating to a "hold (c-)" rating in a research report on Monday, July 20th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eight have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $16.06.

Venture Global Stock Down 2.2%

Shares of VG opened at $13.28 on Friday. The firm has a market cap of $32.99 billion, a P/E ratio of 14.75, a PEG ratio of 0.59 and a beta of 0.22. Venture Global, Inc. has a 12 month low of $5.72 and a 12 month high of $17.62. The stock's 50 day moving average is $12.44 and its two-hundred day moving average is $12.23. The company has a current ratio of 0.87, a quick ratio of 0.80 and a debt-to-equity ratio of 3.40.

Venture Global (NYSE:VG - Get Free Report) last announced its earnings results on Monday, May 11th. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.07. Venture Global had a return on equity of 26.90% and a net margin of 16.94%.The business had revenue of $4.60 billion during the quarter. The firm's revenue for the quarter was up 58.9% on a year-over-year basis. Analysts predict that Venture Global, Inc. will post 1.51 earnings per share for the current fiscal year.

Venture Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were given a dividend of $0.018 per share. The ex-dividend date was Monday, June 15th. This represents a $0.07 dividend on an annualized basis and a yield of 0.5%. Venture Global's dividend payout ratio is currently 7.78%.

Venture Global Profile

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.

Want to see what other hedge funds are holding VG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Venture Global, Inc. (NYSE:VG - Free Report).

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