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

Venture Global, Inc. (NYSE:VG) CFO Jonathan Thayer sold 111,111 shares of the firm’s stock in a transaction 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Venture Global Price Performance

NYSE VG traded down $0.06 on Thursday, hitting $10.99. 19,823,149 shares of the company were exchanged, compared to its average volume of 13,328,049. Venture Global, Inc. has a 1-year low of $5.72 and a 1-year high of $19.50. The firm has a 50 day moving average of $12.68 and a two-hundred day moving average of $10.85. 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 company has a market cap of $27.31 billion, a P/E ratio of 12.28, a P/E/G ratio of 0.48 and a beta of 0.27.

Venture Global (NYSE:VG) last announced its earnings results on Monday, May 11th. The company reported $0.19 earnings per share 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 company had revenue of $4.60 billion during the quarter. The firm’s revenue was up 58.9% compared to the same quarter last year. On average, equities analysts predict that Venture Global, Inc. will post 1.46 EPS for the current year.

Venture Global Announces Dividend

The company 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. The ex-dividend date of this dividend is Monday, June 15th. This represents a $0.07 annualized dividend and a yield of 0.7%. Venture Global’s dividend payout ratio is currently 7.78%.

Institutional Trading of Venture Global

A number of institutional investors have recently bought and sold shares of VG. Vanguard Group Inc. lifted its stake in shares of Venture Global by 147.4% in the 3rd quarter. Vanguard Group Inc. now owns 22,862,372 shares of the company’s stock valued at $324,417,000 after purchasing an additional 13,620,863 shares during the period. State Street Corp grew its stake in shares of Venture Global by 82.7% during the fourth quarter. State Street Corp now owns 10,812,233 shares of the company’s stock worth $73,739,000 after purchasing an additional 4,893,707 shares during the period. UBS Group AG grew its stake in shares of Venture Global by 520.8% during the fourth quarter. UBS Group AG now owns 6,279,598 shares of the company’s stock worth $42,827,000 after purchasing an additional 5,268,053 shares during the period. Geode Capital Management LLC increased its holdings in Venture Global by 5.7% in the fourth quarter. Geode Capital Management LLC now owns 5,101,668 shares of the company’s stock valued at $34,811,000 after purchasing an additional 273,331 shares during the last quarter. Finally, Cohen & Steers Inc. increased its holdings in Venture Global by 4.6% in the fourth quarter. Cohen & Steers Inc. now owns 4,963,166 shares of the company’s stock valued at $33,849,000 after purchasing an additional 219,505 shares during the last quarter.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on VG shares. Mizuho lifted their target price on Venture Global from $12.00 to $13.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. The Goldman Sachs Group set a $18.00 price target on Venture Global in a research note on Thursday, May 14th. US Capital Advisors set a $13.00 price target on Venture Global in a report on Friday, May 29th. New Street Research set a $15.00 price target on Venture Global in a report on Tuesday, March 3rd. Finally, Sanford C. Bernstein started coverage on Venture Global in a research report on Tuesday. They issued a “market perform” rating and a $14.00 price objective for the company. Nine investment 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 a consensus rating of “Moderate Buy” and a consensus target price of $15.94.

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.