Venture Global (NYSE:VG) COO Brian Cothran Sells 473,533 Shares of Stock

Venture Global, Inc. (NYSE:VG) COO Brian Cothran sold 473,533 shares of the business’s stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $14.81, for a total transaction of $7,013,023.73. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Wednesday, May 20th, Brian Cothran sold 120,623 shares of Venture Global stock. The stock was sold at an average price of $14.55, for a total transaction of $1,755,064.65.
• 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 transaction of $457,270.30.

Venture Global Trading Down 3.2%

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. The firm has a 50 day simple moving average of $13.68 and a 200 day simple moving average of $10.17. 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 fifty-two week low of $5.72 and a fifty-two week high of $19.50.

Venture Global (NYSE:VG) last issued its quarterly earnings data 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. The firm had revenue of $4.60 billion during the quarter. Venture Global had a net margin of 16.94% and a return on equity of 26.90%. The business’s quarterly revenue was up 58.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Venture Global, Inc. will post 1.39 earnings per share for the current year.

Venture Global Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Monday, March 16th were issued 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 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Monday, March 16th. Venture Global’s dividend payout ratio is presently 7.78%.

Analyst Ratings Changes

VG has been the subject of a number of analyst reports. Wall Street Zen upgraded shares of Venture Global from a “sell” rating to a “hold” rating in a report on Sunday, March 22nd. JPMorgan Chase & Co. decreased their price objective on shares of Venture Global from $19.00 to $16.00 and set a “neutral” rating for the company in a report on Tuesday, April 14th. Scotiabank boosted their price objective on shares of Venture Global from $13.00 to $15.00 and gave the company a “sector perform” rating in a report on Wednesday, May 13th. New Street Research set a $15.00 price objective on shares of Venture Global in a report on Tuesday, March 3rd. Finally, Mizuho boosted their price objective on shares of Venture Global from $12.00 to $13.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Nine equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $16.47.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in VG. Blue Trust Inc. boosted its holdings in shares of Venture Global by 1,750.0% in the fourth quarter. Blue Trust Inc. now owns 3,700 shares of the company’s stock valued at $25,000 after buying an additional 3,500 shares during the period. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Venture Global in the second quarter valued at approximately $26,000. MAI Capital Management acquired a new position in shares of Venture Global in the third quarter valued at approximately $29,000. Harbour Investments Inc. acquired a new position in shares of Venture Global in the fourth quarter valued at approximately $29,000. Finally, Rockefeller Capital Management L.P. boosted its holdings in shares of Venture Global by 218.1% in 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 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.