Caitong International Asset Management Co. Ltd Invests $162,000 in Venture Global, Inc. (NYSE:VG)

Caitong International Asset Management Co. Ltd bought a new position in shares of Venture Global, Inc. (NYSE:VG) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 15,698 shares of the company’s stock, valued at approximately $162,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Russell Investments Group Ltd. acquired a new stake in shares of Venture Global during the 1st quarter worth about $3,941,000. Eagle Global Advisors LLC acquired a new stake in shares of Venture Global during the 1st quarter worth about $824,000. Burkehill Global Management LP acquired a new stake in shares of Venture Global during the 1st quarter worth about $10,300,000. Benjamin Edwards Inc. acquired a new stake in shares of Venture Global during the 1st quarter worth about $206,000. Finally, CenterBook Partners LP acquired a new stake in shares of Venture Global during the 1st quarter worth about $4,484,000.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on VG. Johnson Rice began coverage on Venture Global in a research note on Tuesday, June 17th. They set a “buy” rating and a $20.00 price target on the stock. Deutsche Bank Aktiengesellschaft downgraded Venture Global from a “buy” rating to a “hold” rating and set a $17.00 price target on the stock. in a research note on Monday, July 14th. Bank of America raised their price target on Venture Global from $12.00 to $18.50 and gave the stock a “buy” rating in a research note on Wednesday, June 25th. JPMorgan Chase & Co. raised their price target on Venture Global from $15.00 to $17.00 and gave the stock an “overweight” rating in a research note on Thursday, July 24th. Finally, UBS Group downgraded Venture Global from a “buy” rating to a “neutral” rating and raised their price target for the stock from $14.00 to $18.00 in a research note on Thursday, June 12th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $16.85.

Venture Global Trading Up 12.9%

Shares of VG stock opened at $13.75 on Thursday. The company has a 50 day moving average of $15.71. Venture Global, Inc. has a twelve month low of $6.75 and a twelve month high of $25.50. The company has a current ratio of 1.73, a quick ratio of 1.67 and a debt-to-equity ratio of 3.49.

Venture Global (NYSE:VG) last announced its earnings results on Tuesday, May 13th. The company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.08). Venture Global had a net margin of 18.89% and a return on equity of 24.20%. The company had revenue of $2.89 billion during the quarter, compared to analysts’ expectations of $2.83 billion. On average, research analysts predict that Venture Global, Inc. will post 0.52 earnings per share 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 $0.0165 dividend. This represents a $0.07 annualized dividend and a dividend yield of 0.5%. The ex-dividend date 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.