CenterBook Partners LP Acquires Shares of 199,953 Venture Global, Inc. $VG

CenterBook Partners LP bought a new position in shares of Venture Global, Inc. (NYSE:VG) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 199,953 shares of the company’s stock, valued at approximately $2,837,000.

Several other hedge funds have also modified their holdings of VG. Northwestern Mutual Wealth Management Co. acquired a new position in Venture Global during the 2nd quarter worth $26,000. Delos Wealth Advisors LLC bought a new stake in shares of Venture Global during the second quarter worth approximately $45,000. UMB Bank n.a. lifted its holdings in Venture Global by 161.2% in the third quarter. UMB Bank n.a. now owns 2,949 shares of the company’s stock valued at $42,000 after buying an additional 1,820 shares during the period. Allworth Financial LP bought a new position in Venture Global in the second quarter valued at approximately $63,000. Finally, Future Financial Wealth Managment LLC boosted its stake in Venture Global by 66.7% in the third quarter. Future Financial Wealth Managment LLC now owns 5,000 shares of the company’s stock valued at $71,000 after acquiring an additional 2,000 shares during the last quarter.

Venture Global Stock Up 3.7%

VG stock opened at $9.90 on Friday. The company has a market cap of $24.24 billion and a price-to-earnings ratio of 12.69. Venture Global, Inc. has a twelve month low of $5.72 and a twelve month high of $19.50. The business has a 50 day moving average price of $8.17 and a two-hundred day moving average price of $9.92. The company has a quick ratio of 0.77, a current ratio of 0.83 and a debt-to-equity ratio of 3.46.

Venture Global Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 15th were issued a dividend of $0.017 per share. This represents a $0.07 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Monday, December 15th. Venture Global’s payout ratio is presently 8.97%.

Insider Transactions at Venture Global

In other news, insider Thomas Earl sold 1,000,000 shares of the business’s stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $6.89, for a total transaction of $6,890,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 86.73% of the company’s stock.

Wall Street Analysts Forecast Growth

VG has been the topic of several recent research reports. Bank of America reduced their price target on Venture Global from $15.00 to $11.00 and set a “buy” rating on the stock in a research report on Thursday, December 11th. Capital One Financial started coverage on Venture Global in a research report on Tuesday, November 4th. They set an “equal weight” rating and a $11.00 target price for the company. Citigroup cut their price target on shares of Venture Global from $16.00 to $9.00 and set a “neutral” rating on the stock in a research report on Monday, November 24th. The Goldman Sachs Group reissued a “buy” rating and set a $17.50 price objective on shares of Venture Global in a research note on Monday, November 10th. Finally, UBS Group decreased their price objective on shares of Venture Global from $18.00 to $16.00 and set a “buy” rating for the company in a report on Thursday, January 22nd. Eight equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $13.11.

Venture Global Company Profile

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.