Venture Global (NYSE:VG) COO Brian Cothran Sells 120,623 Shares

Venture Global, Inc. (NYSE:VG) COO Brian Cothran sold 120,623 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $14.55, for a total transaction of $1,755,064.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Brian Cothran also recently made the following trade(s):

• On Tuesday, May 19th, Brian Cothran sold 473,533 shares of Venture Global stock. The shares were sold at an average price of $14.81, for a total value of $7,013,023.73.
• On Thursday, May 21st, Brian Cothran sold 31,910 shares of Venture Global stock. The stock was sold at an average price of $14.33, for a total value of $457,270.30.

Venture Global Trading Down 3.2%

Shares of NYSE VG opened at $13.58 on Friday. The company has a market cap of $33.36 billion, a price-to-earnings ratio of 15.08, a price-to-earnings-growth ratio of 0.64 and a beta of 0.44. Venture Global, Inc. has a 12-month low of $5.72 and a 12-month high of $19.50. The company has a current ratio of 0.87, a quick ratio of 0.80 and a debt-to-equity ratio of 3.40. The stock’s 50 day simple moving average is $13.68 and its 200 day simple moving average is $10.17.

Venture Global (NYSE:VG) last issued its quarterly earnings data on Monday, May 11th. The company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.07. Venture Global had a return on equity of 26.90% and a net margin of 16.94%.The firm had revenue of $4.60 billion during the quarter. The business’s quarterly revenue was up 58.9% on a year-over-year basis. Equities research analysts expect that Venture Global, Inc. will post 1.39 EPS for the current year.

Venture Global Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th were given a dividend of $0.018 per share. This is an increase from Venture Global’s previous quarterly dividend of $0.02. This represents a $0.07 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Monday, March 16th. Venture Global’s payout ratio is currently 7.78%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on VG. The Goldman Sachs Group set a $18.00 price objective on shares of Venture Global in a research report on Thursday, May 14th. Bank of America raised their price target on shares of Venture Global from $13.00 to $16.00 and gave the company a “buy” rating in a research note on Friday, March 20th. Wall Street Zen raised Venture Global from a “sell” rating to a “hold” rating in a report on Sunday, March 22nd. Royal Bank Of Canada boosted their price objective on Venture Global from $14.00 to $16.00 and gave the stock an “outperform” rating in a research report on Friday, April 17th. Finally, JPMorgan Chase & Co. decreased their price objective on Venture Global from $19.00 to $16.00 and set a “neutral” rating for the company in a report on Tuesday, April 14th. Nine analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $16.47.

Hedge Funds Weigh In On Venture Global

Several large investors have recently bought and sold shares of VG. Kestra Private Wealth Services LLC raised its position in shares of Venture Global by 8.8% during the 1st quarter. Kestra Private Wealth Services LLC now owns 12,429 shares of the company’s stock worth $196,000 after buying an additional 1,004 shares in the last quarter. Summit Financial Wealth Advisors LLC boosted its holdings in shares of Venture Global by 8.8% in the fourth quarter. Summit Financial Wealth Advisors LLC now owns 14,336 shares of the company’s stock valued at $98,000 after acquiring an additional 1,161 shares in the last quarter. Federation des caisses Desjardins du Quebec increased its stake in shares of Venture Global by 11.0% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 12,254 shares of the company’s stock valued at $84,000 after acquiring an additional 1,215 shares during the period. CWM LLC raised its holdings in Venture Global by 24.1% during the fourth quarter. CWM LLC now owns 7,014 shares of the company’s stock worth $48,000 after purchasing an additional 1,363 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its position in Venture Global by 1.5% in the fourth quarter. Wells Fargo & Company MN now owns 93,615 shares of the company’s stock worth $638,000 after purchasing an additional 1,407 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.