Fory Musser Sells 188,337 Shares of Venture Global (NYSE:VG) Stock

Venture Global, Inc. (NYSE:VG) VP Fory Musser sold 188,337 shares of the firm’s stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $7.80, for a total value of $1,469,028.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Thursday, November 20th, Fory Musser sold 42,901 shares of Venture Global stock. The shares were sold at an average price of $7.80, for a total value of $334,627.80.
• On Tuesday, November 18th, Fory Musser sold 768,762 shares of Venture Global stock. The stock was sold at an average price of $8.01, for a total value of $6,157,783.62.
• 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.
• On Monday, November 17th, Fory Musser sold 776,298 shares of Venture Global stock. The shares were sold at an average price of $8.06, for a total value of $6,256,961.88.

Venture Global Price Performance

Shares of VG stock traded down $0.60 during trading hours on Thursday, reaching $7.18. The stock had a trading volume of 9,802,956 shares, compared to its average volume of 7,806,592. The stock’s fifty day simple moving average is $10.72 and its 200 day simple moving average is $12.80. The firm has a market capitalization of $17.42 billion and a PE ratio of 9.20. 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 issued 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 business had revenue of $3.33 billion during the quarter, compared to analysts’ expectations of $3.23 billion. Venture Global had a return on equity of 29.55% and a net margin of 21.99%.The company’s revenue was up 259.5% compared to the same quarter last year. On average, equities research analysts predict that Venture Global, Inc. will post 0.52 EPS for the current year.

Venture Global Increases Dividend

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

Hedge Funds Weigh In On Venture Global

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Benjamin Edwards Inc. bought a new stake in Venture Global in the first quarter valued at $206,000. Burkehill Global Management LP bought a new stake in shares of Venture Global during the 1st quarter valued at about $10,300,000. Y Intercept Hong Kong Ltd purchased a new position in shares of Venture Global during the second quarter valued at about $3,148,000. Stratos Wealth Partners LTD. bought a new position in Venture Global in the second quarter worth about $815,000. Finally, Vanguard Group Inc. bought a new position in Venture Global in the first quarter worth about $125,788,000.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on VG shares. Mizuho reiterated a “neutral” rating and issued a $12.00 target price (down from $17.00) on shares of Venture Global in a research report on Friday, October 10th. JPMorgan Chase & Co. increased 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. Scotiabank decreased their price objective on Venture Global from $13.00 to $12.00 and set a “sector perform” rating on the stock in a report on Thursday, November 13th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Venture Global in a research note on Wednesday, October 8th. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $17.50 price target on shares of Venture Global in a research report on Monday, November 10th. Eight equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on 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.