Venture Global (NYSE:VG) VP Fory Musser Sells 776,298 Shares

Venture Global, Inc. (NYSE:VG) VP Fory Musser sold 776,298 shares of the stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $8.06, for a total transaction of $6,256,961.88. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• On Friday, November 14th, Fory Musser sold 223,702 shares of Venture Global stock. The stock was sold at an average price of $8.03, for a total value of $1,796,327.06.

Venture Global Price Performance

Shares of Venture Global stock opened at $7.90 on Wednesday. The firm has a market cap of $19.19 billion and a PE ratio of 10.13. The stock has a 50 day moving average of $10.98 and a 200 day moving average of $12.88. The company has a current ratio of 0.83, a quick ratio of 0.77 and a debt-to-equity ratio of 3.46. Venture Global, Inc. has a 12 month low of $6.75 and a 12 month high of $25.50.

Venture Global (NYSE:VG) last released its quarterly earnings data on Monday, November 10th. The company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.06). The firm had revenue of $3.33 billion during the quarter, compared to the consensus estimate of $3.23 billion. Venture Global had a return on equity of 29.55% and a net margin of 21.99%.The firm’s revenue for the quarter was up 259.5% on a year-over-year basis. On average, research analysts expect that Venture Global, Inc. will post 0.52 EPS for the current fiscal year.

Venture Global Increases Dividend

The firm also recently disclosed a half year 25 dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 19th were given a dividend of $0.017 per share. This represents a yield of 50.0%. This is an increase from Venture Global’s previous half year 25 dividend of $0.02. The ex-dividend date was Friday, September 19th. Venture Global’s dividend payout ratio (DPR) is 8.97%.

Institutional Investors Weigh In On Venture Global

Several hedge funds and other institutional investors have recently modified their holdings of the business. Allianz Asset Management GmbH bought a new position in Venture Global in the 1st quarter valued at $3,547,294,000. Vanguard Group Inc. lifted its holdings 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 worth $324,417,000 after buying an additional 13,620,863 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Venture Global during the 2nd quarter worth about $76,489,000. Deutsche Bank AG bought a new position in shares of Venture Global during the first quarter valued at approximately $37,798,000. Finally, Millennium Management LLC purchased a new stake in Venture Global during the first quarter worth $32,099,000.

Wall Street Analysts Forecast Growth

VG has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft upgraded shares of Venture Global from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a report on Thursday, August 28th. The Goldman Sachs Group reissued a “buy” rating and set a $17.50 price objective on shares of Venture Global in a research note on Monday, November 10th. JPMorgan Chase & Co. upped their price objective on Venture Global from $15.00 to $17.00 and gave the company an “overweight” rating in a research report on Thursday, July 24th. Mizuho reiterated a “neutral” rating and issued a $12.00 target price (down previously from $17.00) on shares of Venture Global in a report on Friday, October 10th. Finally, UBS Group raised Venture Global from a “neutral” rating to a “buy” rating and set a $18.00 target price on the stock in a research report on Monday, August 25th. Eight analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $15.64.

Venture Global Company Profile

Venture Global has fundamentally reshaped the development and construction of liquefied natural gas production, establishing us as a rapidly growing company delivering critical LNG to the world. Our innovative and disruptive approach, which is both scalable and repeatable, allows us to bring LNG to a global market years faster and at a lower cost.