Venture Global, Inc.'s (NYSE:VG) Lock-Up Period Will End on July 23rd

Venture Global's (NYSE:VG - Get Free Report) lock-up period will expire on Wednesday, July 23rd. Venture Global had issued 70,000,000 shares in its IPO on January 24th. The total size of the offering was $1,750,000,000 based on an initial share price of $25.00. After the end of the company's lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. 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. Wall Street Zen raised Venture Global from a "sell" rating to a "hold" rating in a research report on Saturday, June 28th. Scotiabank set a $16.00 target price on Venture Global and gave the stock a "sector perform" rating in a research report on Tuesday. Johnson Rice assumed coverage on Venture Global in a research report on Tuesday, June 17th. They issued a "buy" rating and a $20.00 price objective for the company. Finally, JPMorgan Chase & Co. cut their target price on Venture Global from $16.00 to $15.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $16.69.

Venture Global Trading Down 2.4%

Shares of NYSE VG traded down $0.39 during mid-day trading on Friday, reaching $15.89. 3,600,559 shares of the company's stock were exchanged, compared to its average volume of 4,735,863. The company has a debt-to-equity ratio of 3.49, a current ratio of 1.73 and a quick ratio of 1.67. The firm's fifty day moving average is $14.61. Venture Global has a twelve month low of $6.75 and a twelve month high of $25.50.

Venture Global (NYSE:VG - Get Free Report) last announced its earnings results on Tuesday, May 13th. The company reported $0.16 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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. Sell-side analysts anticipate that Venture Global 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. Stockholders of record on Tuesday, June 10th were given a dividend of $0.0165 per share. The ex-dividend date was Tuesday, June 10th. This represents a $0.07 dividend on an annualized basis and a dividend yield of 0.42%.

Institutional Trading of Venture Global

Institutional investors have recently modified their holdings of the stock. LexAurum Advisors LLC acquired a new stake in shares of Venture Global in the second quarter valued at about $218,000. Forefront Wealth Management Inc. boosted its holdings in Venture Global by 25.9% in the second quarter. Forefront Wealth Management Inc. now owns 114,689 shares of the company's stock worth $1,787,000 after acquiring an additional 23,600 shares in the last quarter. ORG Wealth Partners LLC boosted its holdings in Venture Global by 1,139.4% in the second quarter. ORG Wealth Partners LLC now owns 74,364 shares of the company's stock worth $1,110,000 after acquiring an additional 68,364 shares in the last quarter. AdvisorNet Financial Inc bought a new position in shares of Venture Global in the second quarter valued at approximately $28,000. Finally, U.S. Capital Wealth Advisors LLC bought a new position in shares of Venture Global in the second quarter valued at approximately $588,000.

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.