Venture Global (NYSE:VG) VP Fory Musser Sells 500,000 Shares of Stock

Venture Global, Inc. (NYSE:VG) VP Fory Musser sold 500,000 shares of the business’s stock in a transaction that occurred on Thursday, November 12th. The stock was sold at an average price of $13.16, for a total transaction of $6,580,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• On Wednesday, August 19th, Fory Musser sold 12,600 shares of Venture Global stock. The shares were sold at an average price of $14.01, for a total transaction of $176,526.00.
• On Thursday, August 20th, Fory Musser sold 259,413 shares of Venture Global stock. The stock was sold at an average price of $14.26, for a total transaction of $3,699,229.38.
• On Monday, August 17th, Fory Musser sold 22,013 shares of Venture Global stock. The stock was sold at an average price of $14.02, for a total transaction of $308,622.26.

Venture Global Stock Performance

Shares of NYSE:VG traded down $0.09 on Friday, hitting $13.17. 7,851,700 shares of the company were exchanged, compared to its average volume of 17,315,318. The firm has a market capitalization of $32.92 billion, a P/E ratio of 6.36 and a beta of 0.22. The company has a current ratio of 0.90, a quick ratio of 1.11 and a debt-to-equity ratio of 2.96. Venture Global, Inc. has a 1-year low of $5.72 and a 1-year high of $17.62. The stock’s 50 day moving average price is $13.43 and its 200 day moving average price is $12.83.

Venture Global (NYSE:VG) last released its earnings results on Monday, November 9th. The company reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.46. Venture Global had a return on equity of 39.19% and a net margin of 31.11%. The firm had revenue of $4.76 billion for the quarter. During the same period in the previous year, the company earned $0.16 earnings per share. Venture Global’s revenue was up 42.9% on a year-over-year basis. Sell-side analysts predict that Venture Global, Inc. will post 1.94 EPS for the current year.

Venture Global Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Tuesday, December 15th will be given a dividend of $0.04 per share. The ex-dividend date of this dividend is Tuesday, December 15th. This represents a $0.16 dividend on an annualized basis and a yield of 1.2%. Venture Global’s payout ratio is currently 7.73%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on VG. Zacks Research upgraded Venture Global from a “hold” rating to a “strong-buy” rating in a research note on Thursday. Mizuho raised their price objective on Venture Global from $13.00 to $15.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 22nd. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Venture Global in a report on Wednesday, October 7th. Sanford C. Bernstein reiterated a “market perform” rating and issued a $14.00 target price on shares of Venture Global in a research report on Tuesday, November 10th. Finally, Scotiabank upped their target price on Venture Global from $15.00 to $16.00 and gave the company a “sector perform” rating in a research report on Thursday, September 10th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $16.87.

Top Venture Global Stories

These are some of the VG stories that stood out recently:

• Positive Sentiment: Zacks says rising earnings estimates point to potential near-term upside for VG, and the stock was added to its Rank #1 (Strong Buy) lists, including its income-stock list. Surging Earnings Estimates Signal Upside for Venture Global (VG) Stock New Strong Buy Stocks for November 13th Best Income Stocks to Buy for November 13th
• Neutral Sentiment: Venture Global has asked the U.S. Department of Energy for permission to re-export LNG from its CP2 project. Approval could add commercial flexibility, but the request remains subject to a regulatory decision. Venture Global asks DOE for approval to re-export LNG from CP2 project
• Neutral Sentiment: Plans involving Plaquemines LNG and AI data-center power could broaden long-term growth prospects, but coverage also flags that the data-center strategy may delay free-cash-flow generation. What Is Venture Global Signaling With Plaquemines LNG And AI Power Plans? Venture Global Data Center Play Adds Long-Term Growth But Delays FCF

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in VG. Artemis Investment Management LLP raised its holdings in shares of Venture Global by 754.3% during the third quarter. Artemis Investment Management LLP now owns 7,143,406 shares of the company’s stock worth $90,293,000 after purchasing an additional 6,307,200 shares during the last quarter. Bank of America Corp DE lifted its position in Venture Global by 135.6% during the first 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 period. First Trust Advisors LP boosted its holdings in Venture Global by 386.3% in the third quarter. First Trust Advisors LP now owns 3,456,453 shares of the company’s stock valued at $43,690,000 after purchasing an additional 2,745,655 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in Venture Global by 104.6% in the first quarter. Renaissance Technologies LLC now owns 2,046,840 shares of the company’s stock valued at $32,258,000 after purchasing an additional 1,046,300 shares during the last quarter. Finally, CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT boosted its holdings in Venture Global by 34.6% in the third quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 1,870,000 shares of the company’s stock valued at $23,637,000 after purchasing an additional 481,000 shares during the last quarter.

About Venture Global

Venture Global, Inc. is a U.S. liquefied natural gas (LNG) company that develops, constructs and operates facilities to produce and export LNG. Its activities include sourcing natural gas, processing it into LNG and delivering the fuel to customers in international markets, often through long-term supply agreements. Founded in 2013, the company is based in Arlington, Virginia, and focuses its LNG projects on Louisiana’s Gulf Coast. Its facilities include Calcasieu Pass and Plaquemines LNG, while it is also developing additional export capacity, including the proposed CP2 project.