Venture Global (NYSE:VG) Shares Down 4.5% - Here's Why

Venture Global, Inc. (NYSE:VG - Get Free Report)'s share price fell 4.5% on Monday . The company traded as low as $17.05 and last traded at $17.08. 2,673,351 shares traded hands during trading, a decline of 64% from the average session volume of 7,379,552 shares. The stock had previously closed at $17.88.

Analyst Ratings Changes

A number of brokerages have weighed in on VG. JPMorgan Chase & Co. reduced their price target on Venture Global from $16.00 to $15.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. The Goldman Sachs Group cut their target price on Venture Global from $20.00 to $17.50 and set a "buy" rating on the stock in a research report on Wednesday, May 14th. Royal Bank Of Canada cut their target price on Venture Global from $15.00 to $14.00 and set an "outperform" rating on the stock in a research report on Monday, May 5th. Johnson Rice assumed coverage on Venture Global in a research report on Tuesday, June 17th. They issued a "buy" rating and a $20.00 target price on the stock. Finally, Scotiabank set a $16.00 target price on Venture Global and gave the stock a "sector perform" rating in a research report on Tuesday. One equities research 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. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $16.69.

Venture Global Price Performance

The company has a quick ratio of 1.67, a current ratio of 1.73 and a debt-to-equity ratio of 3.49. The business's fifty day simple moving average is $14.34.

Venture Global (NYSE:VG - Get Free Report) last announced its quarterly 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 analysts' expectations of $2.83 billion. Equities analysts anticipate that Venture Global, Inc. will post 0.52 earnings per share for the current year.

Venture Global Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Tuesday, June 10th were issued a $0.0165 dividend. The ex-dividend date of this dividend was Tuesday, June 10th. This represents a $0.07 annualized dividend and a yield of 0.40%.

Institutional Trading of Venture Global

Several large investors have recently modified their holdings of the business. Allianz Asset Management GmbH acquired a new stake in shares of Venture Global during the first quarter valued at about $3,547,294,000. Vanguard Group Inc. acquired a new stake in shares of Venture Global during the first quarter valued at about $125,788,000. Deutsche Bank AG acquired a new stake in shares of Venture Global during the first quarter valued at about $37,798,000. Millennium Management LLC acquired a new stake in shares of Venture Global during the first quarter valued at about $32,099,000. Finally, Tortoise Capital Advisors L.L.C. acquired a new stake in shares of Venture Global during the first quarter valued at about $28,673,000.

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.