Venture Global (NYSE:VG) Director Jimmy Staton Sells 66,000 Shares of Stock

Venture Global, Inc. (NYSE:VG) Director Jimmy Staton sold 66,000 shares of the business’s stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $13.35, for a total transaction of $881,100.00. Following the sale, the director owned 1,083,000 shares of the company’s stock, valued at approximately $14,458,050. This represents a 5.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Venture Global Stock Performance

Shares of VG stock traded up $0.47 on Friday, reaching $14.01. The stock had a trading volume of 13,439,558 shares, compared to its average volume of 19,084,408. The stock has a market cap of $34.79 billion, a P/E ratio of 11.03, a price-to-earnings-growth ratio of 0.60 and a beta of 0.22. The company has a debt-to-equity ratio of 3.40, a quick ratio of 0.80 and a current ratio of 0.87. Venture Global, Inc. has a 1 year low of $5.72 and a 1 year high of $17.62. The company has a 50 day simple moving average of $12.52 and a 200 day simple moving average of $12.38.

Venture Global (NYSE:VG) last posted its earnings results on Monday, August 10th. The company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.01. The company had revenue of $4.58 billion for the quarter. Venture Global had a return on equity of 35.79% and a net margin of 21.24%. Equities research analysts expect that Venture Global, Inc. will post 1.53 EPS for the current year.

Venture Global Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be issued a $0.04 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This is a positive change from Venture Global’s previous quarterly dividend of $0.02. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.1%. Venture Global’s payout ratio is 7.78%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. bought a new stake in Venture Global during the second quarter valued at about $26,000. LRI Investments LLC bought a new position in shares of Venture Global in the second quarter worth about $28,000. Harbour Investments Inc. purchased a new stake in shares of Venture Global during the fourth quarter worth about $29,000. Rockefeller Capital Management L.P. raised its stake in Venture Global by 218.1% during the 4th quarter. Rockefeller Capital Management L.P. now owns 4,421 shares of the company’s stock valued at $30,000 after purchasing an additional 3,031 shares during the period. Finally, AdvisorNet Financial Inc raised its stake in Venture Global by 67.5% during the 1st quarter. AdvisorNet Financial Inc now owns 4,480 shares of the company’s stock valued at $71,000 after purchasing an additional 1,805 shares during the period.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Morgan Stanley lifted their price target on shares of Venture Global from $20.00 to $22.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 13th. JPMorgan Chase & Co. raised Venture Global from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $16.00 to $17.00 in a report on Thursday, June 4th. Royal Bank Of Canada lifted their target price on Venture Global from $14.00 to $16.00 and gave the company an “outperform” rating in a research report on Friday, April 17th. Mizuho upped their price target on Venture Global from $13.00 to $15.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 22nd. Finally, Citigroup raised Venture Global from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $12.00 to $17.00 in a research note on Wednesday, May 13th. Nine analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $16.12.

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.