328,638 Shares in Venture Global, Inc. (NYSE:VG) Purchased by Readystate Asset Management LP

Readystate Asset Management LP bought a new stake in Venture Global, Inc. (NYSE:VG - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 328,638 shares of the company's stock, valued at approximately $3,385,000.

Other hedge funds also recently modified their holdings of the company. Exchange Traded Concepts LLC bought a new stake in shares of Venture Global in the 1st quarter valued at about $1,316,000. Forefront Wealth Management Inc. bought a new stake in shares of Venture Global in the 1st quarter valued at about $938,000. KG&L Capital Management LLC bought a new stake in shares of Venture Global in the 1st quarter valued at about $359,000. Context Capital Management LLC bought a new stake in shares of Venture Global in the 1st quarter valued at about $768,000. Finally, Allianz Asset Management GmbH bought a new stake in shares of Venture Global in the 1st quarter valued at about $3,547,294,000.

Wall Street Analyst Weigh In

VG has been the topic of several recent analyst reports. 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. Scotiabank set a $16.00 price objective on Venture Global and gave the company a "sector perform" rating in a research report on Tuesday, July 15th. Wells Fargo & Company reissued a "reduce" rating on shares of Venture Global in a research report on Wednesday, May 14th. JPMorgan Chase & Co. increased their price objective on shares of Venture Global from $15.00 to $17.00 and gave the stock an "overweight" rating in a research report on Thursday. Finally, Royal Bank Of Canada lowered their price objective on shares of Venture Global from $15.00 to $14.00 and set an "outperform" rating for the company in a research report on Monday, May 5th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, Venture Global currently has an average rating of "Hold" and an average price target of $16.85.

Venture Global Stock Performance

VG traded up $0.10 on Friday, hitting $14.56. 3,589,058 shares of the company were exchanged, compared to its average volume of 4,209,449. Venture Global, Inc. has a 12 month low of $6.75 and a 12 month high of $25.50. The company has a debt-to-equity ratio of 3.49, a quick ratio of 1.67 and a current ratio of 1.73. The company has a fifty day moving average price of $15.09.

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

Venture Global Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Tuesday, June 10th were issued a dividend of $0.0165 per share. The ex-dividend date of this dividend was Tuesday, June 10th. This represents a $0.07 annualized dividend and a yield of 0.45%.

About Venture Global

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.