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 stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $14.27, for a total transaction of $1,585,553.97. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Venture Global Price Performance

Shares of Venture Global stock traded up $0.64 on Tuesday, reaching $14.81. The stock had a trading volume of 17,471,903 shares, compared to its average volume of 21,971,107. Venture Global, Inc. has a 1 year low of $5.72 and a 1 year high of $19.50. The company has a market cap of $36.38 billion, a P/E ratio of 16.45, a price-to-earnings-growth ratio of 0.65 and a beta of 0.44. 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 business’s 50 day moving average is $13.54 and its two-hundred day moving average is $10.05.

Venture Global (NYSE:VG) last announced its quarterly earnings results on Monday, May 11th. The company reported $0.19 earnings per share (EPS) for the quarter, topping 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 for the quarter. Venture Global’s revenue for the quarter was up 58.9% compared to the same quarter last year. As a group, research analysts anticipate that Venture Global, Inc. will post 1.38 EPS for the current year.

Venture Global Increases Dividend

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of VG. Blue Trust Inc. grew its position in Venture Global by 1,750.0% during the fourth quarter. Blue Trust Inc. now owns 3,700 shares of the company’s stock valued at $25,000 after acquiring an additional 3,500 shares during the last quarter. Northwestern Mutual Wealth Management Co. bought a new position in Venture Global during the second quarter valued at approximately $26,000. MAI Capital Management bought a new position in Venture Global during the third quarter valued at approximately $29,000. Harbour Investments Inc. bought a new position in Venture Global during the fourth quarter valued at approximately $29,000. Finally, Rockefeller Capital Management L.P. grew its position 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 acquiring an additional 3,031 shares during the last quarter.

Wall Street Analysts Forecast Growth

VG has been the topic of a number of recent analyst reports. Scotiabank increased their price target on shares of Venture Global from $13.00 to $15.00 and gave the stock a “sector perform” rating in a report on Wednesday, May 13th. Bank of America raised their target price on shares of Venture Global from $13.00 to $16.00 and gave the company a “buy” rating in a research note on Friday, March 20th. JPMorgan Chase & Co. lowered their target price on shares of Venture Global from $19.00 to $16.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 14th. Raymond James Financial reaffirmed an “outperform” rating and issued a $13.00 target price on shares of Venture Global in a research note on Thursday, March 5th. Finally, Weiss Ratings raised shares of Venture Global from a “sell (d+)” rating to a “hold (c)” rating in a research note on Friday, May 8th. Nine analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $16.27.

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.