Venture Global (NYSE:VG) VP Sells $26,180,000.00 in Stock

Venture Global, Inc. (NYSE:VG) VP Fory Musser sold 2,000,000 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $13.09, for a total transaction of $26,180,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• On Wednesday, March 4th, Fory Musser sold 1,000,000 shares of Venture Global stock. The shares were sold at an average price of $10.90, for a total transaction of $10,900,000.00.

Venture Global Stock Performance

Shares of VG traded up $1.27 during mid-day trading on Friday, hitting $14.28. 23,215,026 shares of the company traded hands, compared to its average volume of 22,032,180. The company has a debt-to-equity ratio of 3.40, a quick ratio of 0.87 and a current ratio of 0.87. The stock has a 50-day moving average price of $13.43 and a two-hundred day moving average price of $9.98. Venture Global, Inc. has a 1 year low of $5.72 and a 1 year high of $19.50. The stock has a market cap of $35.10 billion, a price-to-earnings ratio of 15.87, a P/E/G ratio of 0.95 and a beta of 0.44.

Venture Global (NYSE:VG) last released its quarterly earnings data on Monday, May 11th. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.07. The firm had revenue of $4.60 billion during the quarter. Venture Global had a net margin of 16.94% and a return on equity of 26.90%. Venture Global’s revenue for the quarter was up 58.9% compared to the same quarter last year. Equities analysts anticipate that Venture Global, Inc. will post 1.32 earnings per share for the current year.

Venture Global Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors 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 7.78%.

Hedge Funds Weigh In On Venture Global

A number of hedge funds have recently made changes to their positions in the business. Lombard Odier Asset Management USA Corp bought a new stake in Venture Global during the 1st quarter valued at approximately $854,000. Healthcare of Ontario Pension Plan Trust Fund bought a new position in Venture Global in the 1st quarter worth approximately $3,956,000. Renaissance Technologies LLC grew its holdings in Venture Global by 104.6% during the 1st quarter. Renaissance Technologies LLC now owns 2,046,840 shares of the company’s stock valued at $32,258,000 after buying an additional 1,046,300 shares in the last quarter. Gabelli Funds LLC raised its position in shares of Venture Global by 16.8% during the first quarter. Gabelli Funds LLC now owns 236,000 shares of the company’s stock valued at $3,719,000 after buying an additional 34,000 shares during the last quarter. Finally, Beaconlight Capital LLC bought a new stake in shares of Venture Global during the first quarter valued at approximately $1,192,000.

Analyst Ratings Changes

A number of analysts have commented on the stock. Wells Fargo & Company upped their target price on shares of Venture Global from $10.00 to $14.00 and gave the company an “equal weight” rating in a report on Wednesday, March 25th. Mizuho boosted their price objective on shares of Venture Global from $12.00 to $13.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. The Goldman Sachs Group set a $18.00 price objective on Venture Global in a research note on Thursday. Citigroup upgraded Venture Global from a “neutral” rating to a “buy” rating and lifted their target price for the company from $12.00 to $17.00 in a research report on Wednesday. Finally, Zacks Research raised Venture Global from a “strong sell” rating to a “hold” rating in a report on Friday, February 13th. Nine research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price 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.