Insider Selling: Venture Global (NYSE:VG) CFO Sells 111,111 Shares

Venture Global, Inc. (NYSE:VG) CFO Jonathan Thayer sold 111,111 shares of the business’s stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $11.05, for a total value of $1,227,776.55. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Venture Global Stock Performance

VG traded down $0.06 during trading on Thursday, reaching $10.99. 19,823,149 shares of the company’s stock were exchanged, compared to its average volume of 13,328,049. The company has a market capitalization of $27.31 billion, a P/E ratio of 12.28, a PEG ratio of 0.48 and a beta of 0.27. The company has a quick ratio of 0.80, a current ratio of 0.87 and a debt-to-equity ratio of 3.40. The business has a 50 day moving average price of $12.68 and a 200 day moving average price of $10.85. 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 announced 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. Venture Global had a net margin of 16.94% and a return on equity of 26.90%. The company had revenue of $4.60 billion during the quarter. The business’s revenue for the quarter was up 58.9% on a year-over-year basis. As a group, analysts predict that Venture Global, Inc. will post 1.46 earnings per share for the current fiscal year.

Venture Global Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be issued a dividend of $0.018 per share. This represents a $0.07 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Monday, June 15th. Venture Global’s payout ratio is presently 7.78%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. US Capital Advisors set a $13.00 target price on Venture Global in a report on Friday, May 29th. Mizuho boosted their price target on Venture Global from $12.00 to $13.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Bank of America upped their price target on Venture Global from $13.00 to $16.00 and gave the company a “buy” rating in a research report on Friday, March 20th. Weiss Ratings upgraded Venture Global from a “sell (d+)” rating to a “hold (c)” rating in a research note on Friday, May 8th. Finally, Royal Bank Of Canada lifted their price objective on Venture Global from $14.00 to $16.00 and gave the company an “outperform” rating in a report on Friday, April 17th. Nine research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Venture Global presently has an average rating of “Moderate Buy” and a consensus target price of $15.94.

Institutional Trading of Venture Global

Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Venture Global by 147.4% in the third quarter. Vanguard Group Inc. now owns 22,862,372 shares of the company’s stock valued at $324,417,000 after acquiring an additional 13,620,863 shares during the last quarter. UBS Group AG grew its position in Venture Global by 520.8% during the 4th 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 during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Venture Global during the 2nd quarter valued at $76,489,000. State Street Corp raised its position in Venture Global by 82.7% in the 4th quarter. State Street Corp now owns 10,812,233 shares of the company’s stock valued at $73,739,000 after purchasing an additional 4,893,707 shares during the last quarter. Finally, Bank of America Corp DE raised its position in Venture Global by 135.6% in the 1st quarter. Bank of America Corp DE now owns 4,174,444 shares of the company’s stock valued at $65,789,000 after purchasing an additional 2,402,771 shares during the last quarter.

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.