Venture Global (NYSE:VG) CFO Sells $1,411,109.70 in Stock

Venture Global, Inc. (NYSE:VG) CFO Jonathan Thayer sold 111,111 shares of the business’s stock in a transaction dated Tuesday, October 20th. The shares were sold at an average price of $12.70, for a total value of $1,411,109.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Venture Global Stock Down 1.5%

Shares of VG stock traded down $0.19 on Tuesday, hitting $12.62. 14,662,410 shares of the stock were exchanged, compared to its average volume of 17,892,344. The company has a current ratio of 1.19, a quick ratio of 1.11 and a debt-to-equity ratio of 3.44. The firm has a market capitalization of $31.54 billion, a P/E ratio of 9.93 and a beta of 0.35. Venture Global, Inc. has a fifty-two week low of $5.72 and a fifty-two week high of $17.62. The business has a 50-day moving average of $13.87 and a 200 day moving average of $13.15.

Venture Global (NYSE:VG) last released 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 business had revenue of $4.58 billion during the quarter. Venture Global had a net margin of 21.24% and a return on equity of 34.08%. Equities analysts anticipate that Venture Global, Inc. will post 1.75 EPS for the current year.

Venture Global Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th were given a dividend of $0.04 per share. This is a positive change from Venture Global’s previous quarterly dividend of $0.0180. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $0.16 annualized dividend and a dividend yield of 1.3%. Venture Global’s payout ratio is presently 12.60%.

Hedge Funds Weigh In On Venture Global

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Prime Capital Investment Advisors LLC increased its position in Venture Global by 7.0% during the third quarter. Prime Capital Investment Advisors LLC now owns 22,054 shares of the company’s stock worth $279,000 after buying an additional 1,442 shares during the last quarter. AlphaStar Capital Management LLC bought a new stake in Venture Global in the third quarter valued at approximately $140,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors lifted its position in shares of Venture Global by 10.1% in the third quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 17,587 shares of the company’s stock valued at $222,000 after buying an additional 1,618 shares during the last quarter. Sanders Morris Harris LLC acquired a new stake in shares of Venture Global in the third quarter valued at approximately $127,000. Finally, Courier Capital LLC boosted its stake in shares of Venture Global by 92.9% during the 3rd quarter. Courier Capital LLC now owns 39,592 shares of the company’s stock worth $500,000 after acquiring an additional 19,071 shares during the period.

Analyst Ratings Changes

Several research firms have recently commented on VG. Weiss Ratings raised Venture Global from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, September 28th. The Goldman Sachs Group restated a “buy” rating on shares of Venture Global in a report on Friday, October 9th. Sanford C. Bernstein restated a “market perform” rating and set a $14.00 target price on shares of Venture Global in a report on Friday. Zacks Research lowered shares of Venture Global from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 12th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Venture Global in a research report on Wednesday, October 7th. Nine research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Venture Global presently has an average rating of “Moderate Buy” and an average price target of $16.53.

Venture Global Company Profile

Venture Global, Inc (NYSE:VG) is a U.S.-based liquefied natural gas (LNG) company that develops, constructs, owns and operates LNG export facilities. The company sources natural gas, processes it into LNG and exports the product to customers in international energy markets.

Venture Global’s operating and development portfolio is concentrated along the U.S. Gulf Coast, particularly in Louisiana. Its projects include the Calcasieu Pass LNG facility, the Plaquemines LNG facility and additional proposed developments such as CP2 LNG and Delta LNG.