Scoggin Management LP Invests $2.58 Million in Venture Global, Inc. $VG

Key Points

• Scoggin Management LP purchased 250,000 shares of Venture Global, Inc., valued at approximately $2,575,000, making it the firm's 25th largest holding.
• Venture Global's stock has seen a notable increase of 1.3%, with a 1-year high of $25.50 and a low of $6.75.
• Analysts have a consensus rating of "Moderate Buy" for Venture Global, with nine ratings of "Buy" and an average price target set at $17.00.

Scoggin Management LP acquired a new stake in shares of Venture Global, Inc. (NYSE:VG - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 250,000 shares of the company's stock, valued at approximately $2,575,000. Venture Global accounts for 0.7% of Scoggin Management LP's portfolio, making the stock its 25th biggest position.

A number of other institutional investors have also made changes to their positions in VG. Allianz Asset Management GmbH bought a new position in shares of Venture Global in the first quarter valued at about $3,547,294,000. Vanguard Group Inc. bought a new position in shares of Venture Global in the first quarter valued at about $125,788,000. Deutsche Bank AG bought a new position in shares of Venture Global in the first quarter valued at about $37,798,000. Tortoise Capital Advisors L.L.C. bought a new position in shares of Venture Global in the first quarter valued at about $28,673,000. Finally, Bank of New York Mellon Corp bought a new position in shares of Venture Global in the first quarter valued at about $18,551,000.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. UBS Group raised Venture Global from a "neutral" rating to a "buy" rating and set a $18.00 price target for the company in a report on Monday, August 25th. Scotiabank lifted their price target on Venture Global from $13.00 to $16.00 and gave the company a "sector perform" rating in a report on Tuesday, July 15th. Deutsche Bank Aktiengesellschaft raised Venture Global from a "hold" rating to a "buy" rating and set a $17.00 price target for the company in a report on Thursday, August 28th. Bank of America lifted their price target on Venture Global from $12.00 to $18.50 and gave the company a "buy" rating in a report on Wednesday, June 25th. Finally, Wells Fargo & Company lifted their price objective on Venture Global from $12.00 to $14.00 and gave the stock an "equal weight" rating in a research report on Thursday, August 14th. Nine investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat.com, Venture Global has a consensus rating of "Moderate Buy" and an average price target of $17.00.

Venture Global Trading Down 0.2%

Shares of Venture Global stock traded down $0.03 during trading on Friday, hitting $12.84. 4,718,105 shares of the company were exchanged, compared to its average volume of 6,471,483. Venture Global, Inc. has a 1-year low of $6.75 and a 1-year high of $25.50. The firm's fifty day moving average price is $14.36 and its 200 day moving average price is $12.60. The company has a debt-to-equity ratio of 3.38, a current ratio of 1.39 and a quick ratio of 1.33.

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.