319,718 Shares in Venture Global, Inc. $VG Bought by Ausbil Investment Management Ltd

Ausbil Investment Management Ltd purchased a new position in Venture Global, Inc. (NYSE:VG) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 319,718 shares of the company’s stock, valued at approximately $4,706,000. Venture Global accounts for approximately 2.5% of Ausbil Investment Management Ltd’s investment portfolio, making the stock its 16th biggest position.

Several other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. bought a new position in shares of Venture Global during the 1st quarter worth about $125,788,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Venture Global during the 2nd quarter worth approximately $76,489,000. Millennium Management LLC bought a new position in Venture Global in the first quarter worth approximately $32,099,000. Tortoise Capital Advisors L.L.C. acquired a new stake in Venture Global in the first quarter valued at approximately $28,673,000. Finally, Adage Capital Partners GP L.L.C. bought a new stake in shares of Venture Global during the first quarter valued at approximately $20,085,000.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Tudor Pickering upgraded Venture Global to a “hold” rating in a report on Tuesday, September 2nd. Deutsche Bank Aktiengesellschaft upgraded shares of Venture Global from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a report on Thursday, August 28th. UBS Group upgraded shares of Venture Global from a “neutral” rating to a “buy” rating and set a $18.00 price objective for the company in a report on Monday, August 25th. US Capital Advisors upgraded shares of Venture Global to a “moderate sell” rating in a report on Monday. Finally, Wells Fargo & Company set a $8.00 price target on shares of Venture Global in a research report on Monday. Eight equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $14.25.

Venture Global Stock Performance

Shares of VG stock opened at $6.07 on Friday. The company has a debt-to-equity ratio of 3.46, a current ratio of 0.83 and a quick ratio of 0.77. The firm has a 50-day moving average of $7.80 and a 200-day moving average of $12.28. Venture Global, Inc. has a one year low of $5.72 and a one year high of $25.50. The company has a market cap of $14.86 billion and a P/E ratio of 7.78.

Venture Global (NYSE:VG) last issued its quarterly earnings data on Monday, November 10th. The company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.06). The firm had revenue of $3.33 billion during the quarter, compared to the consensus estimate of $3.23 billion. Venture Global had a return on equity of 29.55% and a net margin of 21.99%.The firm’s revenue for the quarter was up 259.5% on a year-over-year basis. Equities research analysts forecast that Venture Global, Inc. will post 0.52 EPS for the current fiscal year.

Venture Global Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 15th will be given a dividend of $0.017 per share. This represents a $0.07 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Monday, December 15th. Venture Global’s dividend payout ratio (DPR) is presently 7.69%.

Insider Buying and Selling

In related news, VP Fory Musser sold 42,901 shares of Venture Global stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $7.80, for a total transaction of $334,627.80. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Thomas Earl sold 1,000,000 shares of the business’s stock in a transaction on Friday, December 5th. The stock was sold at an average price of $6.89, for a total value of $6,890,000.00. The SEC filing for this sale provides additional information. Insiders have sold 3,000,000 shares of company stock valued at $22,904,729 over the last ninety days. 86.73% of the stock is currently owned by company insiders.

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.