Venture Global (NYSE:VG) CFO Jonathan Thayer Sells 111,112 Shares

Venture Global, Inc. (NYSE:VG) CFO Jonathan Thayer sold 111,112 shares of Venture Global stock in a transaction on Monday, April 20th. The shares were sold at an average price of $11.50, for a total transaction of $1,277,788.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Venture Global Stock Performance

NYSE:VG opened at $12.12 on Wednesday. The stock has a market cap of $29.78 billion, a P/E ratio of 14.10, a price-to-earnings-growth ratio of 0.76 and a beta of 1.84. The firm’s fifty day simple moving average is $12.61 and its 200 day simple moving average is $9.76. Venture Global, Inc. has a twelve month low of $5.72 and a twelve month high of $19.50. The company has a quick ratio of 0.87, a current ratio of 0.93 and a debt-to-equity ratio of 3.24.

Venture Global (NYSE:VG) last released its quarterly earnings results on Monday, March 2nd. The company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.06. The business had revenue of $4.45 billion for the quarter. Venture Global had a net margin of 18.38% and a return on equity of 27.96%. The company’s quarterly revenue was up 191.7% compared to the same quarter last year. As a group, research analysts predict that Venture Global, Inc. will post 1.45 EPS for the current year.

Venture Global Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th were issued a dividend of $0.018 per share. This is a boost from Venture Global’s previous quarterly dividend of $0.02. The ex-dividend date was Monday, March 16th. This represents a $0.07 dividend on an annualized basis and a dividend yield of 0.6%. Venture Global’s dividend payout ratio (DPR) is presently 8.14%.

Analysts Set New Price Targets

VG has been the topic of a number of research reports. Scotiabank boosted their target price on shares of Venture Global from $11.00 to $13.00 and gave the company a “sector perform” rating in a report on Thursday, April 16th. Royal Bank Of Canada boosted their target price on shares of Venture Global from $14.00 to $16.00 and gave the company an “outperform” rating in a report on Friday. Zacks Research upgraded shares of Venture Global from a “strong sell” rating to a “hold” rating in a report on Friday, February 13th. New Street Research set a $15.00 target price on shares of Venture Global in a report on Tuesday, March 3rd. Finally, Weiss Ratings upgraded shares of Venture Global from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, March 18th. Eight analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, Venture Global has a consensus rating of “Hold” and an average price target of $15.77.

Hedge Funds Weigh In On Venture Global

Large investors have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Venture Global in the 2nd quarter worth about $26,000. MAI Capital Management purchased a new position in shares of Venture Global in the 3rd quarter worth about $29,000. UMB Bank n.a. raised its position in shares of Venture Global by 161.2% in the 3rd quarter. UMB Bank n.a. now owns 2,949 shares of the company’s stock worth $42,000 after purchasing an additional 1,820 shares during the last quarter. Blue Trust Inc. raised its position in shares of Venture Global by 1,750.0% in the 4th quarter. Blue Trust Inc. now owns 3,700 shares of the company’s stock worth $25,000 after purchasing an additional 3,500 shares during the last quarter. Finally, Harbour Investments Inc. purchased a new position in shares of Venture Global in the 4th quarter worth about $29,000.

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.