202,031 Shares in Venture Global, Inc. $VG Purchased by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd bought a new position in shares of Venture Global, Inc. (NYSE:VG) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 202,031 shares of the company’s stock, valued at approximately $3,148,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of VG. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Venture Global during the first quarter worth about $156,000. Oppenheimer & Co. Inc. acquired a new stake in shares of Venture Global during the first quarter worth about $247,000. Summit Trail Advisors LLC acquired a new stake in shares of Venture Global during the first quarter worth about $114,000. Rossby Financial LCC acquired a new stake in shares of Venture Global during the first quarter worth about $211,000. Finally, Catalyst Capital Advisors LLC purchased a new position in Venture Global during the first quarter valued at approximately $14,285,000.

Venture Global Stock Down 6.3%

Venture Global stock opened at $8.80 on Thursday. The stock has a market capitalization of $21.36 billion and a PE ratio of 13.96. Venture Global, Inc. has a 12 month low of $6.75 and a 12 month high of $25.50. The business has a 50 day simple moving average of $12.36 and a 200-day simple moving average of $12.90. The company has a debt-to-equity ratio of 3.38, a current ratio of 1.39 and a quick ratio of 1.33.

Venture Global Increases Dividend

The firm also recently disclosed a half year 25 dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 19th were given a $0.017 dividend. This represents a dividend yield of 50.0%. This is a boost from Venture Global’s previous half year 25 dividend of $0.02. The ex-dividend date was Friday, September 19th. Venture Global’s dividend payout ratio (DPR) is presently 11.11%.

Insider Activity at Venture Global

In other news, insider Thomas Earl sold 500,000 shares of the business’s stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $13.69, for a total value of $6,845,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 1,500,000 shares of company stock valued at $20,561,011 in the last three months. 86.73% of the stock is owned by insiders.

Analyst Ratings Changes

VG has been the subject of several recent research reports. Weiss Ratings reiterated a “sell (d)” rating on shares of Venture Global in a research report on Wednesday, October 8th. Tudor Pickering upgraded Venture Global to a “hold” rating in a research report on Tuesday, September 2nd. Scotiabank reduced their price target on Venture Global from $16.00 to $13.00 and set a “sector perform” rating for the company in a research report on Friday, October 17th. UBS Group upgraded 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. Finally, Wells Fargo & Company lifted their price target on Venture Global from $12.00 to $14.00 and gave the company an “equal weight” rating in a research report on Thursday, August 14th. Eight equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $16.31.

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.