Headlands Technologies LLC Sells 90,948 Shares of Venture Global, Inc. $VG

Headlands Technologies LLC lessened its holdings in shares of Venture Global, Inc. (NYSE:VG) by 72.7% during the 2nd quarter, HoldingsChannel reports. The firm owned 34,128 shares of the company’s stock after selling 90,948 shares during the period. Headlands Technologies LLC’s holdings in Venture Global were worth $380,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Royal Bank of Canada acquired a new stake in Venture Global during the 1st quarter worth approximately $2,150,000. Integrated Wealth Concepts LLC acquired a new stake in shares of Venture Global during the first quarter worth $152,000. NewEdge Advisors LLC acquired a new stake in shares of Venture Global during the first quarter worth $460,000. Northwestern Mutual Wealth Management Co. bought a new stake in Venture Global in the 2nd quarter valued at $26,000. Finally, Amundi acquired a new position in Venture Global in the 2nd quarter worth $213,000.

Analyst Ratings Changes

Several analysts have issued reports on VG shares. Sanford C. Bernstein started coverage on Venture Global in a research note on Tuesday, June 16th. They issued a “market perform” rating and a $14.00 price target on the stock. Raymond James Financial reaffirmed an “outperform” rating and set a $16.00 price objective on shares of Venture Global in a research report on Wednesday, May 20th. Zacks Research downgraded Venture Global from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 12th. The Goldman Sachs Group set a $18.00 target price on Venture Global in a research report on Thursday, May 14th. Finally, Scotiabank boosted their target price on Venture Global from $13.00 to $15.00 and gave the company a “sector perform” rating in a research note on Wednesday, May 13th. Eight equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, Venture Global has a consensus rating of “Moderate Buy” and a consensus price target of $16.07.

Insider Buying and Selling at Venture Global

In related news, VP Fory Musser sold 259,413 shares of the stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $14.26, for a total transaction of $3,699,229.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jimmy Staton sold 66,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $13.35, for a total value of $881,100.00. Following the completion of the transaction, the director owned 1,083,000 shares of the company’s stock, valued at approximately $14,458,050. This represents a 5.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 2,340,893 shares of company stock valued at $32,404,567 in the last ninety days. Insiders own 84.24% of the company’s stock.

Venture Global Stock Down 1.8%

Venture Global stock opened at $14.47 on Friday. The company has a current ratio of 1.19, a quick ratio of 1.11 and a debt-to-equity ratio of 3.44. Venture Global, Inc. has a 1-year low of $5.72 and a 1-year high of $17.62. The company has a fifty day simple moving average of $13.28 and a 200 day simple moving average of $12.88. The company has a market cap of $36.18 billion, a P/E ratio of 11.39, a price-to-earnings-growth ratio of 0.61 and a beta of 0.26.

Venture Global (NYSE:VG) last issued its quarterly earnings results on Monday, August 10th. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.50 by $0.01. Venture Global had a net margin of 21.24% and a return on equity of 34.08%. The firm had revenue of $4.58 billion for the quarter. Research analysts anticipate that Venture Global, Inc. will post 1.63 earnings per share for the current fiscal year.

Venture Global Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be given a $0.04 dividend. This is an increase from Venture Global’s previous quarterly dividend of $0.02. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Tuesday, September 15th. Venture Global’s dividend payout ratio (DPR) is presently 5.51%.

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.