Insider Selling: Venture Global (NYSE:VG) VP Sells 233,735 Shares of Stock

Venture Global, Inc. (NYSE:VG) VP Fory Musser sold 233,735 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $12.61, for a total value of $2,947,398.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

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

Venture Global Price Performance

Shares of VG traded up $0.20 on Thursday, hitting $12.57. The company’s stock had a trading volume of 9,071,548 shares, compared to its average volume of 21,548,832. The company has a 50 day moving average price of $13.72 and a 200 day moving average price of $10.32. Venture Global, Inc. has a fifty-two week low of $5.72 and a fifty-two week high of $19.50. The company has a debt-to-equity ratio of 3.40, a current ratio of 0.87 and a quick ratio of 0.80. The company has a market capitalization of $31.22 billion, a PE ratio of 13.96, a PEG ratio of 0.59 and a beta of 0.44.

Venture Global (NYSE:VG) last posted its quarterly earnings data on Monday, May 11th. The company reported $0.19 earnings per share (EPS) for the quarter, topping 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. The firm’s revenue for the quarter was up 58.9% on a year-over-year basis. On average, research analysts anticipate that Venture Global, Inc. will post 1.39 earnings per share for the current fiscal year.

Venture Global Increases Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend was Monday, March 16th. This represents a $0.07 annualized dividend and a yield of 0.6%. This is a positive change from Venture Global’s previous quarterly dividend of $0.02. Venture Global’s dividend payout ratio (DPR) is currently 7.78%.

Institutional Trading of Venture Global

Several institutional investors and hedge funds have recently made changes to their positions in the business. WINTON GROUP Ltd bought a new stake in shares of Venture Global in the 3rd quarter valued at $13,632,000. UBS Group AG increased its holdings in shares of Venture Global by 520.8% in the fourth quarter. UBS Group AG now owns 6,279,598 shares of the company’s stock worth $42,827,000 after acquiring an additional 5,268,053 shares in the last quarter. SG Americas Securities LLC increased its holdings in shares of Venture Global by 828.3% in the fourth quarter. SG Americas Securities LLC now owns 122,825 shares of the company’s stock worth $838,000 after acquiring an additional 109,594 shares in the last quarter. CenterBook Partners LP bought a new stake in shares of Venture Global in the third quarter worth about $2,837,000. Finally, Alps Advisors Inc. bought a new stake in shares of Venture Global in the third quarter worth about $13,413,000.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. The Goldman Sachs Group set a $18.00 price objective on Venture Global in a report on Thursday, May 14th. Scotiabank upped their price objective on Venture Global from $13.00 to $15.00 and gave the stock a “sector perform” rating in a report on Wednesday, May 13th. Zacks Research raised Venture Global from a “strong sell” rating to a “hold” rating in a report on Friday, February 13th. Royal Bank Of Canada upped their target price on shares of Venture Global from $14.00 to $16.00 and gave the company an “outperform” rating in a research report on Friday, April 17th. Finally, Morgan Stanley upped their target price on shares of Venture Global from $20.00 to $22.00 and gave the company an “overweight” rating in a research report on Wednesday, May 13th. Nine investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $16.47.

Venture Global Company Profile

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.