Rossby Financial LCC Takes Position in Venture Global, Inc. (NYSE:VG)

Rossby Financial LCC bought a new stake in Venture Global, Inc. (NYSE:VG - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 20,500 shares of the company's stock, valued at approximately $211,000.

Several other large investors also recently made changes to their positions in the business. Renaissance Capital LLC bought a new stake in shares of Venture Global in the 1st quarter valued at about $1,439,000. Defined Wealth Management LLC acquired a new stake in Venture Global in the 1st quarter valued at $114,000. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Venture Global in the first quarter valued at about $156,000. Exchange Traded Concepts LLC bought a new stake in shares of Venture Global during the 1st quarter worth approximately $1,316,000. Finally, Forefront Wealth Management Inc. acquired a new stake in Venture Global in the first quarter valued at $938,000.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on VG. Royal Bank Of Canada decreased their price target on shares of Venture Global from $15.00 to $14.00 and set an "outperform" rating on the stock in a research note on Monday, May 5th. 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 decreased their price target on Venture Global from $20.00 to $17.50 and set a "buy" rating on the stock in a research note on Wednesday, May 14th. Wells Fargo & Company reiterated a "reduce" rating on shares of Venture Global in a research report on Wednesday, May 14th. Finally, UBS Group lowered Venture Global from a "buy" rating to a "neutral" rating and lifted their price target for the company from $14.00 to $18.00 in a research note on Thursday, June 12th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, Venture Global has an average rating of "Moderate Buy" and a consensus target price of $16.77.

Venture Global Stock Performance

Shares of VG traded up $0.10 on Thursday, reaching $15.56. The company's stock had a trading volume of 3,044,365 shares, compared to its average volume of 7,577,741. The company has a current ratio of 1.73, a quick ratio of 1.67 and a debt-to-equity ratio of 3.49. Venture Global, Inc. has a 12-month low of $6.75 and a 12-month high of $25.50. The company's 50 day moving average price is $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 the consensus estimate of $0.24 by ($0.08). The company had revenue of $2.89 billion for the quarter, compared to analysts' expectations of $2.83 billion. On average, equities research analysts predict that Venture Global, Inc. will post 0.52 EPS for the current year.

Venture Global Announces Dividend

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

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.