Insider Selling: Venture Global (NYSE:VG) Insider Sells 1,000,000 Shares of Stock

Venture Global, Inc. (NYSE:VG) insider Thomas Earl sold 1,000,000 shares of the stock in a transaction on Monday, March 9th. The shares were sold at an average price of $11.83, for a total value of $11,830,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Venture Global Price Performance

Shares of VG traded down $0.97 during midday trading on Monday, reaching $11.51. The stock had a trading volume of 30,945,846 shares, compared to its average volume of 14,989,354. The company’s 50-day moving average is $9.05 and its 200 day moving average is $9.66. 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 0.93, a quick ratio of 0.87 and a debt-to-equity ratio of 3.24. The company has a market capitalization of $28.18 billion, a price-to-earnings ratio of 13.38 and a beta of 5.70.

Venture Global (NYSE:VG) last announced its quarterly earnings data on Monday, March 2nd. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.35 by $0.06. The firm had revenue of $4.45 billion for the quarter. Venture Global had a return on equity of 27.96% and a net margin of 18.38%.The company’s revenue was up 191.7% on a year-over-year basis. On average, equities analysts predict that Venture Global, Inc. will post 0.52 EPS for the current fiscal year.

Venture Global Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th will be given a dividend of $0.018 per share. The ex-dividend date is Monday, March 16th. This is an increase from Venture Global’s previous quarterly dividend of $0.02. This represents a $0.07 dividend on an annualized basis and a yield of 0.6%. Venture Global’s dividend payout ratio (DPR) is 8.14%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on VG shares. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $11.00 price objective on shares of Venture Global in a research note on Wednesday, January 28th. Citigroup lifted their target price on shares of Venture Global from $9.00 to $12.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 4th. New Street Research set a $15.00 price target on shares of Venture Global in a research note on Tuesday, March 3rd. Zacks Research upgraded shares of Venture Global from a “strong sell” rating to a “hold” rating in a research report on Friday, February 13th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Venture Global in a research note on Monday, December 29th. Eight analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Venture Global currently has an average rating of “Hold” and an average price target of $13.34.

Institutional Trading of Venture Global

A number of institutional investors have recently made changes to their positions in the stock. Quotient Wealth Partners LLC bought a new position in Venture Global in the third quarter worth about $3,641,000. WINTON GROUP Ltd bought a new stake in Venture Global during the 3rd quarter valued at approximately $13,632,000. Russell Investments Group Ltd. grew its holdings in shares of Venture Global by 61.1% during the 2nd quarter. Russell Investments Group Ltd. now owns 616,643 shares of the company’s stock worth $9,607,000 after acquiring an additional 233,978 shares during the period. Ausbil Investment Management Ltd purchased a new position in shares of Venture Global during the 3rd quarter worth approximately $4,706,000. Finally, Exchange Traded Concepts LLC raised its position in shares of Venture Global by 223.7% in the 3rd quarter. Exchange Traded Concepts LLC now owns 562,760 shares of the company’s stock worth $7,986,000 after acquiring an additional 388,892 shares in the last quarter.

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.