Venture Global (NYSE:VG) VP Sells 447,534 Shares of Stock

Venture Global, Inc. (NYSE:VG) VP Fory Musser sold 447,534 shares of the stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $14.02, for a total value of $6,274,426.68. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

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

• On Monday, August 17th, Fory Musser sold 22,013 shares of Venture Global stock. The stock was sold at an average price of $14.02, for a total transaction of $308,622.26.
• On Tuesday, May 26th, Fory Musser sold 266,265 shares of Venture Global stock. The stock was sold at an average price of $13.09, for a total transaction of $3,485,408.85.
• On Wednesday, May 27th, Fory Musser sold 233,735 shares of Venture Global stock. The shares were sold at an average price of $12.61, for a total transaction of $2,947,398.35.

Venture Global Stock Up 3.4%

Shares of VG stock traded up $0.47 during trading on Tuesday, reaching $14.21. The company’s stock had a trading volume of 17,146,945 shares, compared to its average volume of 19,029,641. The company has a debt-to-equity ratio of 3.44, a current ratio of 1.19 and a quick ratio of 1.11. The company has a market capitalization of $35.32 billion, a price-to-earnings ratio of 11.19, a P/E/G ratio of 0.59 and a beta of 0.22. The stock’s 50-day moving average price is $12.57 and its 200 day moving average price is $12.45. Venture Global, Inc. has a 1-year low of $5.72 and a 1-year high of $17.62.

Venture Global (NYSE:VG) last released its earnings results on Monday, August 10th. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.01. Venture Global had a net margin of 21.24% and a return on equity of 34.08%. The company had revenue of $4.58 billion for the quarter. On average, research analysts anticipate that Venture Global, Inc. will post 1.59 EPS for the current year.

Venture Global Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be paid a $0.04 dividend. The ex-dividend date is Tuesday, September 15th. This is an increase from Venture Global’s previous quarterly dividend of $0.02. This represents a $0.16 annualized dividend and a dividend yield of 1.1%. Venture Global’s payout ratio is 12.60%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Corecam AG acquired a new position in Venture Global in the second quarter valued at $2,401,000. UBS Group AG grew its holdings in shares of Venture Global by 520.8% during the fourth quarter. UBS Group AG now owns 6,279,598 shares of the company’s stock worth $42,827,000 after buying an additional 5,268,053 shares during the last quarter. Y Intercept Hong Kong Ltd increased its position in Venture Global by 304.4% in the 1st quarter. Y Intercept Hong Kong Ltd now owns 149,214 shares of the company’s stock valued at $2,352,000 after acquiring an additional 112,318 shares during the period. Bleakley Financial Group LLC purchased a new stake in Venture Global during the 1st quarter valued at approximately $2,235,000. Finally, Clough Capital Partners L P acquired a new stake in Venture Global during the 1st quarter worth approximately $7,961,000.

Analyst Upgrades and Downgrades

VG has been the topic of several recent research reports. Mizuho upped their price target on Venture Global from $13.00 to $15.00 and gave the stock a “neutral” rating in a report on Wednesday, July 22nd. Raymond James Financial reissued 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 cut shares of 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 price target on shares of Venture Global in a research note on Thursday, May 14th. Finally, Wells Fargo & Company boosted their price target on shares of Venture Global from $14.00 to $15.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 12th. Nine analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $16.12.

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.