Jonathan Thayer Sells 111,111 Shares of Venture Global (NYSE:VG) Stock

Venture Global, Inc. (NYSE:VG) CFO Jonathan Thayer sold 111,111 shares of the business’s stock in a transaction on Monday, July 20th. The shares were sold at an average price of $14.21, for a total value of $1,578,887.31. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Venture Global Trading Down 2.8%

NYSE VG traded down $0.36 during trading hours on Tuesday, hitting $12.46. 4,880,319 shares of the company’s stock were exchanged, compared to its average volume of 19,526,260. The firm has a market capitalization of $30.95 billion, a P/E ratio of 13.78, a price-to-earnings-growth ratio of 0.58 and a beta of 0.33. Venture Global, Inc. has a 12-month low of $5.72 and a 12-month high of $17.62. The company has a debt-to-equity ratio of 3.40, a quick ratio of 0.80 and a current ratio of 0.87. The business’s 50 day moving average is $12.50 and its 200-day moving average is $11.93.

Venture Global (NYSE:VG) last released 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 firm had revenue of $4.60 billion during the quarter. The business’s revenue for the quarter was up 58.9% compared to the same quarter last year. As a group, analysts anticipate that Venture Global, Inc. will post 1.46 EPS for the current fiscal year.

Venture Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were issued a $0.018 dividend. 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, June 15th. Venture Global’s payout ratio is currently 7.78%.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Weiss Ratings downgraded Venture Global from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, July 20th. Sanford C. Bernstein started coverage on Venture Global in a research report on Tuesday, June 16th. They set a “market perform” rating and a $14.00 price objective for the company. JPMorgan Chase & Co. raised Venture Global from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $16.00 to $17.00 in a research report on Thursday, June 4th. The Goldman Sachs Group set a $18.00 price target on shares of Venture Global in a report on Thursday, May 14th. Finally, Morgan Stanley increased their price objective on shares of Venture Global from $20.00 to $22.00 and gave the stock an “overweight” rating in a report on Wednesday, May 13th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $16.06.

Institutional Investors Weigh In On Venture Global

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Blue Trust Inc. lifted its position in Venture Global by 1,750.0% in the fourth quarter. Blue Trust Inc. now owns 3,700 shares of the company’s stock worth $25,000 after purchasing an additional 3,500 shares during the period. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Venture Global in the 2nd quarter worth $26,000. LRI Investments LLC bought a new stake in shares of Venture Global in the 2nd quarter worth $28,000. Harbour Investments Inc. acquired a new stake in shares of Venture Global in the fourth quarter valued at $29,000. Finally, Rockefeller Capital Management L.P. boosted its stake in Venture Global by 218.1% during the fourth quarter. Rockefeller Capital Management L.P. now owns 4,421 shares of the company’s stock valued at $30,000 after buying an additional 3,031 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.