Venture Global (NYSE:VG) VP Fory Musser Sells 188,337 Shares of Stock

Venture Global, Inc. (NYSE:VG) VP Fory Musser sold 188,337 shares of the firm’s stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $7.80, for a total transaction of $1,469,028.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Fory Musser also recently made the following trade(s):

• On Thursday, November 20th, Fory Musser sold 42,901 shares of Venture Global stock. The shares were sold at an average price of $7.80, for a total transaction of $334,627.80.
• On Tuesday, November 18th, Fory Musser sold 768,762 shares of Venture Global stock. The shares were sold at an average price of $8.01, for a total transaction of $6,157,783.62.
• On Friday, November 14th, Fory Musser sold 223,702 shares of Venture Global stock. The stock was sold at an average price of $8.03, for a total transaction of $1,796,327.06.
• On Monday, November 17th, Fory Musser sold 776,298 shares of Venture Global stock. The shares were sold at an average price of $8.06, for a total transaction of $6,256,961.88.

Venture Global Stock Down 7.7%

VG stock opened at $7.18 on Friday. Venture Global, Inc. has a twelve month low of $6.75 and a twelve month high of $25.50. The company has a quick ratio of 0.77, a current ratio of 0.83 and a debt-to-equity ratio of 3.46. The company has a market cap of $17.42 billion and a PE ratio of 9.20. The business’s 50-day simple moving average is $10.72 and its 200 day simple moving average is $12.80.

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

Venture Global Increases Dividend

The firm also recently declared a half year 25 dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 19th were paid a dividend of $0.017 per share. This is an increase from Venture Global’s previous half year 25 dividend of $0.02. This represents a yield of 50.0%. The ex-dividend date was Friday, September 19th. Venture Global’s dividend payout ratio is presently 8.97%.

Institutional Investors Weigh In On Venture Global

A number of hedge funds and other institutional investors have recently bought and sold shares of VG. Envestnet Asset Management Inc. acquired a new position in Venture Global in the first quarter worth $2,417,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Venture Global during the 1st quarter worth about $775,000. Readystate Asset Management LP acquired a new position in Venture Global during the 1st quarter worth about $3,385,000. Cetera Investment Advisers bought a new stake in Venture Global during the 1st quarter worth about $635,000. Finally, Pacer Advisors Inc. acquired a new stake in Venture Global in the 1st quarter valued at about $1,623,000.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on VG. Wells Fargo & Company dropped their price objective on shares of Venture Global from $14.00 to $11.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 12th. UBS Group raised shares of 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. Weiss Ratings restated a “sell (d)” rating on shares of Venture Global in a research note on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft upgraded Venture Global from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a research report on Thursday, August 28th. Finally, Tudor Pickering raised Venture Global to a “hold” rating in a report on Tuesday, September 2nd. Eight investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $15.64.

Venture Global Company 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.