Venture Global (NYSE:VG) COO Brian Cothran Sells 31,910 Shares of Stock

Venture Global, Inc. (NYSE:VG) COO Brian Cothran sold 31,910 shares of the stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $14.33, for a total value of $457,270.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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 Wednesday, May 20th, Brian Cothran sold 120,623 shares of Venture Global stock. The shares were sold at an average price of $14.55, for a total value of $1,755,064.65.

Venture Global Trading Down 3.2%

NYSE:VG opened at $13.58 on Friday. Venture Global, Inc. has a 1-year low of $5.72 and a 1-year high of $19.50. The business’s 50-day moving average price is $13.68 and its two-hundred day moving average price is $10.17. 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 firm has a market capitalization of $33.36 billion, a price-to-earnings ratio of 15.08, a PEG ratio of 0.64 and a beta of 0.44.

Venture Global (NYSE:VG) last released its earnings results on Monday, May 11th. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate 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 for the quarter. Venture Global’s revenue for the quarter was up 58.9% compared to the same quarter last year. On average, equities analysts expect that Venture Global, Inc. will post 1.39 earnings per share for the current year.

Venture Global Increases Dividend

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

Institutional Trading of Venture Global

A number of hedge funds have recently made changes to their positions in the business. Bank of America Corp DE lifted its position in shares of Venture Global by 135.6% in 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 buying an additional 2,402,771 shares during the last quarter. Anson Funds Management LP acquired a new stake in shares of Venture Global in the first quarter valued at approximately $394,000. Arkadios Wealth Advisors lifted its position in shares of Venture Global by 28.7% in the first quarter. Arkadios Wealth Advisors now owns 229,767 shares of the company’s stock valued at $3,621,000 after buying an additional 51,225 shares during the last quarter. Royal Bank of Canada lifted its position in shares of Venture Global by 2.5% in the first quarter. Royal Bank of Canada now owns 78,310 shares of the company’s stock valued at $1,235,000 after buying an additional 1,893 shares during the last quarter. Finally, Rubric Capital Management LP acquired a new stake in shares of Venture Global in the first quarter valued at approximately $23,640,000.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on VG shares. Bank of America increased their price target on Venture Global from $13.00 to $16.00 and gave the stock a “buy” rating in a report on Friday, March 20th. Wells Fargo & Company increased their price target on Venture Global from $10.00 to $14.00 and gave the stock an “equal weight” rating in a report on Wednesday, March 25th. Royal Bank Of Canada increased their price target on Venture Global from $14.00 to $16.00 and gave the stock an “outperform” rating in a report on Friday, April 17th. Mizuho increased their price target on Venture Global from $12.00 to $13.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Finally, Morgan Stanley increased their price target on Venture Global from $20.00 to $22.00 and gave the stock an “overweight” rating in a report on Wednesday, May 13th. Nine equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $16.47.

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.