Venture Global (NYSE:VG) COO Sells $1,755,064.65 in Stock

Venture Global, Inc. (NYSE:VG) COO Brian Cothran sold 120,623 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $14.55, for a total transaction of $1,755,064.65. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Brian Cothran also recently made the following trade(s):

• On Tuesday, May 19th, Brian Cothran sold 473,533 shares of Venture Global stock. The stock was sold at an average price of $14.81, for a total transaction of $7,013,023.73.
• On Thursday, May 21st, Brian Cothran sold 31,910 shares of Venture Global stock. The stock was sold at an average price of $14.33, for a total transaction of $457,270.30.

Venture Global Price Performance

Venture Global stock opened at $13.84 on Friday. Venture Global, Inc. has a 12-month low of $5.72 and a 12-month high of $19.50. The stock has a market capitalization of $34.39 billion, a P/E ratio of 15.38, a P/E/G ratio of 0.63 and a beta of 0.44. The firm’s 50-day moving average is $13.70 and its two-hundred day moving average is $10.19. The company has a debt-to-equity ratio of 3.40, a current ratio of 0.87 and a quick ratio of 0.80.

Venture Global (NYSE:VG) last released its earnings results on Monday, May 11th. The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.07. Venture Global had a net margin of 16.94% and a return on equity of 26.90%. The business had revenue of $4.60 billion for the quarter. Venture Global’s revenue was up 58.9% compared to the same quarter last year. Equities analysts predict that Venture Global, Inc. will post 1.39 earnings per share for the current year.

Venture Global Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Monday, March 16th were given a $0.018 dividend. This is a boost from Venture Global’s previous quarterly dividend of $0.02. This represents a $0.07 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Monday, March 16th. Venture Global’s dividend payout ratio is 7.78%.

Institutional Trading of Venture Global

A number of hedge funds have recently made changes to their positions in VG. Royal Bank of Canada purchased a new stake in shares of Venture Global during the first quarter valued at approximately $2,150,000. Integrated Wealth Concepts LLC acquired a new stake in shares of Venture Global during the first quarter worth approximately $152,000. NewEdge Advisors LLC acquired a new stake in shares of Venture Global during the first quarter worth approximately $460,000. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Venture Global during the second quarter worth approximately $26,000. Finally, Amundi acquired a new stake in shares of Venture Global during the second quarter worth approximately $213,000.

Analyst Ratings Changes

Several equities research analysts recently issued reports on VG shares. Royal Bank Of Canada raised their target price on shares of Venture Global from $14.00 to $16.00 and gave the stock an “outperform” rating in a research report on Friday, April 17th. Zacks Research raised shares of Venture Global from a “strong sell” rating to a “hold” rating in a research report on Friday, February 13th. UBS Group raised their price target on shares of Venture Global from $19.00 to $21.00 and gave the company a “buy” rating in a report on Wednesday, March 25th. Citigroup upgraded shares of Venture Global from a “neutral” rating to a “buy” rating and raised their price target for the company from $12.00 to $17.00 in a report on Wednesday, May 13th. Finally, The Goldman Sachs Group set a $18.00 price target on shares of Venture Global in a report on Thursday, May 14th. Nine investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $16.47.

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.