Venture Global (NYSE:VG) Rating Increased to Hold at Sanford C. Bernstein

Venture Global (NYSE:VG) was upgraded by investment analysts at Sanford C. Bernstein to a “hold” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Several other equities research analysts also recently weighed in on the company. JPMorgan Chase & Co. raised Venture Global from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $16.00 to $17.00 in a report on Thursday, June 4th. The Goldman Sachs Group set a $18.00 price objective on Venture Global in a report on Thursday, May 14th. Mizuho raised their price objective on Venture Global from $12.00 to $13.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. UBS Group raised their price objective on Venture Global from $19.00 to $21.00 and gave the company a “buy” rating in a report on Wednesday, March 25th. Finally, New Street Research set a $15.00 price objective on Venture Global in a report on Tuesday, March 3rd. Nine equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $15.94.

Venture Global Trading Down 0.4%

NYSE VG opened at $11.05 on Tuesday. The company has a quick ratio of 0.80, a current ratio of 0.87 and a debt-to-equity ratio of 3.40. Venture Global has a twelve month low of $5.72 and a twelve month high of $19.50. The company has a market cap of $27.44 billion, a price-to-earnings ratio of 12.27, a price-to-earnings-growth ratio of 0.48 and a beta of 0.27. The business’s fifty day moving average is $12.77 and its 200 day moving average is $10.83.

Venture Global (NYSE:VG) last released its quarterly earnings data on Monday, May 11th. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.07. Venture Global had a return on equity of 26.90% and a net margin of 16.94%.The company had revenue of $4.60 billion for the quarter. Venture Global’s revenue for the quarter was up 58.9% on a year-over-year basis. As a group, sell-side analysts expect that Venture Global will post 1.46 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Thomas Earl sold 1,000,000 shares of the firm’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $12.44, for a total transaction of $12,440,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Fory Musser sold 2,000,000 shares of the firm’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $13.09, for a total value of $26,180,000.00. The SEC filing for this sale provides additional information. Insiders sold 4,459,400 shares of company stock valued at $58,462,618 in the last quarter. 84.24% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Blue Trust Inc. raised its position in Venture Global by 1,750.0% during the 4th quarter. Blue Trust Inc. now owns 3,700 shares of the company’s stock worth $25,000 after purchasing an additional 3,500 shares during the last quarter. Northwestern Mutual Wealth Management Co. bought a new position in Venture Global during the 2nd quarter worth $26,000. MAI Capital Management bought a new position in Venture Global during the 3rd quarter worth $29,000. Harbour Investments Inc. bought a new position in shares of Venture Global in the 4th quarter worth about $29,000. Finally, Rockefeller Capital Management L.P. lifted its stake in shares of Venture Global by 218.1% in the 4th quarter. Rockefeller Capital Management L.P. now owns 4,421 shares of the company’s stock valued at $30,000 after purchasing an additional 3,031 shares during the period.

About Venture Global

Venture Global (NYSE: VG) is a Houston-based energy company that develops, constructs and operates large-scale liquefied natural gas (LNG) export facilities in the United States. The company focuses on converting domestically produced natural gas into LNG for shipment to international markets, positioning itself as a supplier of pipeline-quality gas in vessel-ready form for global customers.

Venture Global’s core activities include site development, engineering and construction of liquefaction and export terminals, commissioning and ongoing operations of those facilities, and commercial marketing of LNG under both long-term and short-term contracts.