Venture Global (NYSE:VG) VP Sells $2,947,398.35 in Stock

Venture Global, Inc. (NYSE:VG) VP Fory Musser sold 233,735 shares of the business’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $12.61, for a total transaction of $2,947,398.35. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Tuesday, May 26th, Fory Musser sold 266,265 shares of Venture Global stock. The shares were sold at an average price of $13.09, for a total transaction of $3,485,408.85.
• On Thursday, May 14th, Fory Musser sold 2,000,000 shares of Venture Global stock. The shares were sold at an average price of $13.09, for a total transaction of $26,180,000.00.
• On Wednesday, March 4th, Fory Musser sold 1,000,000 shares of Venture Global stock. The shares were sold at an average price of $10.90, for a total transaction of $10,900,000.00.

Venture Global Trading Down 4.0%

Shares of VG stock opened at $12.04 on Friday. The company’s fifty day simple moving average is $13.66 and its two-hundred day simple moving average is $10.36. The company has a debt-to-equity ratio of 3.40, a current ratio of 0.87 and a quick ratio of 0.80. Venture Global, Inc. has a 1 year low of $5.72 and a 1 year high of $19.50. The stock has a market capitalization of $29.91 billion, a price-to-earnings ratio of 13.38, a PEG ratio of 0.55 and a beta of 0.44.

Venture Global (NYSE:VG) last issued its earnings results on Monday, May 11th. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.07. Venture Global had a net margin of 16.94% and a return on equity of 26.90%. The business 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, analysts anticipate that Venture Global, Inc. will post 1.39 earnings per share for the current year.

Venture Global Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th were issued a dividend of $0.018 per share. This represents a $0.07 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend was Monday, March 16th. This is a positive change from Venture Global’s previous quarterly dividend of $0.02. Venture Global’s payout ratio is presently 7.78%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in Venture Global by 147.4% in the third quarter. Vanguard Group Inc. now owns 22,862,372 shares of the company’s stock valued at $324,417,000 after acquiring an additional 13,620,863 shares during the last quarter. UBS Group AG raised its position in Venture Global by 520.8% during the fourth quarter. UBS Group AG now owns 6,279,598 shares of the company’s stock valued at $42,827,000 after purchasing an additional 5,268,053 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Venture Global during the second quarter valued at about $76,489,000. State Street Corp raised its position in Venture Global by 82.7% during the fourth quarter. State Street Corp now owns 10,812,233 shares of the company’s stock valued at $73,739,000 after purchasing an additional 4,893,707 shares in the last quarter. Finally, Bank of America Corp DE raised its position in Venture Global by 135.6% during the first quarter. Bank of America Corp DE now owns 4,174,444 shares of the company’s stock valued at $65,789,000 after purchasing an additional 2,402,771 shares in the last quarter.

Analyst Ratings Changes

Several research analysts have recently weighed in on VG shares. The Goldman Sachs Group set a $18.00 price target on shares of Venture Global in a report on Thursday, May 14th. Wells Fargo & Company upped their price target on shares of Venture Global from $10.00 to $14.00 and gave the stock an “equal weight” rating in a report on Wednesday, March 25th. UBS Group upped their price target on shares of Venture Global from $19.00 to $21.00 and gave the stock a “buy” rating in a report on Wednesday, March 25th. Scotiabank upped their price target on shares of Venture Global from $13.00 to $15.00 and gave the stock a “sector perform” rating in a report on Wednesday, May 13th. Finally, New Street Research set a $15.00 price target on shares of Venture Global in a report on Tuesday, March 3rd. Nine research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $16.25.

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.