Venture Global (NYSE:VG) Stock Price Down 4.9% - Should You Sell?

Key Points

• Venture Global's stock price dropped 4.9% to $14.00, with a significant decrease in trading volume, down 80% from its average.
• The company has received multiple analyst upgrades, with price targets ranging from $16.00 to $20.00, currently holding a consensus rating of "Moderate Buy."
• Venture Global declared a dividend increase of 50.0% for shareholders, reflecting strong performance despite recent stock declines.

Venture Global, Inc. (NYSE:VG - Get Free Report) traded down 4.9% during mid-day trading on Thursday . The company traded as low as $14.26 and last traded at $14.00. 1,438,646 shares changed hands during mid-day trading, a decline of 80% from the average session volume of 7,327,708 shares. The stock had previously closed at $14.72.

Analyst Upgrades and Downgrades

VG has been the topic of several analyst reports. 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 target on the stock. Scotiabank increased their target price on shares of Venture Global from $13.00 to $16.00 and gave the stock a "sector perform" rating in a research report on Tuesday, July 15th. 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 research report on Monday, August 25th. Tudor Pickering upgraded Venture Global to a "hold" rating in a research note on Tuesday, September 2nd. Finally, Bank of America raised their price objective on Venture Global from $12.00 to $18.50 and gave the company a "buy" rating in a research note on Wednesday, June 25th. Nine equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $17.00.

Venture Global Price Performance

The stock's fifty day simple moving average is $13.70 and its 200-day simple moving average is $12.76. The company has a current ratio of 1.39, a quick ratio of 1.33 and a debt-to-equity ratio of 3.38.

Venture Global Increases Dividend

The firm also recently declared a half year 25 dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 19th were given a $0.017 dividend. The ex-dividend date of this dividend was Friday, September 19th. This represents a yield of 50.0%. This is an increase from Venture Global's previous half year 25 dividend of $0.02.

Insider Activity at Venture Global

In other news, insider Thomas Earl sold 840,076 shares of the company's stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $13.74, for a total transaction of $11,542,644.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold 1,500,000 shares of company stock worth $20,561,011 in the last three months. 86.73% of the stock is owned by insiders.

Hedge Funds Weigh In On Venture Global

Several large investors have recently added to or reduced their stakes in VG. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Venture Global during the 2nd quarter worth approximately $26,000. AdvisorNet Financial Inc bought a new position in Venture Global in the second quarter worth $28,000. Center for Financial Planning Inc. bought a new position in Venture Global in the first quarter worth $37,000. Delos Wealth Advisors LLC acquired a new stake in Venture Global during the second quarter worth $45,000. Finally, Future Financial Wealth Managment LLC bought a new stake in Venture Global in the 2nd quarter valued at $47,000.

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.

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