XTX Topco Ltd Invests $270,000 in Venture Global, Inc. (NYSE:VG)

Key Points

• XTX Topco Ltd has made a new investment in Venture Global, Inc., acquiring 26,203 shares valued at approximately $270,000.
• Venture Global stock is currently down 2.3% and has a 12-month trading range between $6.75 and $25.50.
• Despite missing earnings estimates, analysts maintain a consensus rating of "Hold" with a target price around $16.85.

XTX Topco Ltd purchased a new stake in Venture Global, Inc. (NYSE:VG - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 26,203 shares of the company's stock, valued at approximately $270,000.

A number of other large investors also recently made changes to their positions in VG. Allianz Asset Management GmbH acquired a new position in shares of Venture Global in the 1st quarter valued at $3,547,294,000. Bank of New York Mellon Corp acquired a new position in shares of Venture Global in the 1st quarter valued at $18,551,000. Catalyst Capital Advisors LLC acquired a new position in shares of Venture Global in the 1st quarter valued at $14,285,000. LPL Financial LLC acquired a new position in shares of Venture Global in the 1st quarter valued at $6,102,000. Finally, Readystate Asset Management LP acquired a new position in shares of Venture Global in the 1st quarter valued at $3,385,000.

Wall Street Analyst Weigh In

VG has been the topic of a number of analyst reports. UBS Group downgraded Venture Global from a "buy" rating to a "neutral" rating and increased their price target for the company from $14.00 to $18.00 in a research note on Thursday, June 12th. 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. Johnson Rice began coverage on shares of Venture Global in a research report on Tuesday, June 17th. They issued a "buy" rating and a $20.00 price objective for the company. 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, Scotiabank upped their price objective on shares of Venture Global from $13.00 to $16.00 and gave the company a "sector perform" rating in a research report on Tuesday, July 15th. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, Venture Global presently has a consensus rating of "Moderate Buy" and an average target price of $17.00.

Venture Global Trading Down 8.8%

Shares of NYSE VG traded down $1.20 during midday trading on Friday, reaching $12.51. 11,041,551 shares of the company were exchanged, compared to its average volume of 6,693,402. The stock's 50-day moving average price is $15.65 and its 200-day moving average price is $12.99. Venture Global, Inc. has a one year low of $6.75 and a one year high of $25.50. The company has a debt-to-equity ratio of 3.38, a quick ratio of 1.67 and a current ratio of 1.39.

Venture Global (NYSE:VG - Get Free Report) last posted its earnings results on Tuesday, May 13th. The company reported $0.16 earnings per share for the quarter, missing analysts' consensus estimates of $0.24 by ($0.08). The company had revenue of $2.89 billion for the quarter, compared to the consensus estimate of $2.83 billion. Venture Global had a return on equity of 22.45% and a net margin of 18.89%. As a group, research analysts predict that Venture Global, Inc. will post 0.52 EPS for the current year.

Venture Global Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Tuesday, June 10th were paid a dividend of $0.0165 per share. This represents a $0.07 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Tuesday, June 10th.

Venture Global 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.