Venture Global (NYSE:VG) VP Fory Musser Sells 42,901 Shares

Venture Global, Inc. (NYSE:VG) VP Fory Musser sold 42,901 shares of Venture Global stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $7.80, for a total transaction of $334,627.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Wednesday, November 19th, Fory Musser sold 188,337 shares of Venture Global stock. The stock was sold at an average price of $7.80, for a total transaction of $1,469,028.60.
• On Tuesday, November 18th, Fory Musser sold 768,762 shares of Venture Global stock. The stock was sold at an average price of $8.01, for a total value of $6,157,783.62.
• On Friday, November 14th, Fory Musser sold 223,702 shares of Venture Global stock. The stock was sold at an average price of $8.03, for a total transaction of $1,796,327.06.
• On Monday, November 17th, Fory Musser sold 776,298 shares of Venture Global stock. The shares were sold at an average price of $8.06, for a total value of $6,256,961.88.

Venture Global Price Performance

VG stock traded down $0.07 during mid-day trading on Friday, reaching $7.09. 2,194,329 shares of the company traded hands, compared to its average volume of 7,777,828. The company has a fifty day moving average price of $10.72 and a 200-day moving average price of $12.80. The company has a market capitalization of $17.20 billion and a P/E ratio of 9.14. Venture Global, Inc. has a 52-week low of $6.75 and a 52-week high of $25.50. The company has a debt-to-equity ratio of 3.46, a current ratio of 0.83 and a quick ratio of 0.77.

Venture Global (NYSE:VG) last announced its quarterly earnings results on Monday, November 10th. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.06). Venture Global had a net margin of 21.99% and a return on equity of 29.55%. The firm had revenue of $3.33 billion during the quarter, compared to the consensus estimate of $3.23 billion. Venture Global’s revenue for the quarter was up 259.5% on a year-over-year basis. As a group, analysts anticipate that Venture Global, Inc. will post 0.52 earnings per share for the current year.

Venture Global Increases Dividend

The business also recently announced a half year 25 dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 19th were given a dividend of $0.017 per share. The ex-dividend date was Friday, September 19th. This is a boost from Venture Global’s previous half year 25 dividend of $0.02. This represents a yield of 50.0%. Venture Global’s dividend payout ratio (DPR) is presently 8.97%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. purchased a new position in Venture Global during the second quarter valued at $26,000. AdvisorNet Financial Inc purchased a new position in Venture Global during the 2nd quarter valued at about $28,000. MAI Capital Management bought a new stake in Venture Global during the third quarter worth about $29,000. UMB Bank n.a. grew its holdings in Venture Global by 161.2% in the third 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 period. Finally, Delos Wealth Advisors LLC bought a new position in shares of Venture Global during the second quarter valued at approximately $45,000.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. UBS Group raised shares of Venture Global from a “neutral” rating to a “buy” rating and set a $18.00 price objective for the company in a report on Monday, August 25th. JPMorgan Chase & Co. lifted their price target on shares of Venture Global from $15.00 to $17.00 and gave the stock an “overweight” rating in a research note on Thursday, July 24th. Scotiabank reduced their target price on shares of Venture Global from $13.00 to $12.00 and set a “sector perform” rating on the stock in a report on Thursday, November 13th. Wells Fargo & Company lowered their price target on shares of Venture Global from $14.00 to $11.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 12th. Finally, Tudor Pickering upgraded Venture Global to a “hold” rating in a report on Tuesday, September 2nd. Eight equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Venture Global has an average rating of “Hold” and a consensus target price of $15.64.

Venture Global Company Profile

Venture Global has fundamentally reshaped the development and construction of liquefied natural gas production, establishing us as a rapidly growing company delivering critical LNG to the world. Our innovative and disruptive approach, which is both scalable and repeatable, allows us to bring LNG to a global market years faster and at a lower cost.