Venture Global (NYSE:VG) Insider Sells $11,830,000.00 in Stock

Venture Global, Inc. (NYSE:VG) insider Thomas Earl sold 1,000,000 shares of the stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $11.83, for a total value of $11,830,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Venture Global Stock Performance

Venture Global stock traded down $0.97 during mid-day trading on Monday, reaching $11.51. 30,945,846 shares of the company’s stock were exchanged, compared to its average volume of 14,989,354. The business’s fifty day simple moving average is $9.05 and its 200 day simple moving average is $9.66. 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, Inc. has a one year low of $5.72 and a one year high of $19.50. The firm has a market capitalization of $28.18 billion, a PE ratio of 13.38 and a beta of 5.70.

Venture Global (NYSE:VG) last announced its earnings results on Monday, March 2nd. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.06. The firm had revenue of $4.45 billion during the quarter. Venture Global had a return on equity of 27.96% and a net margin of 18.38%.The firm’s revenue was up 191.7% on a year-over-year basis. On average, sell-side analysts expect 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 quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th will be paid a $0.018 dividend. The ex-dividend date is Monday, March 16th. This is a positive change from Venture Global’s previous quarterly dividend of $0.02. This represents a $0.07 dividend on an annualized basis and a yield of 0.6%. Venture Global’s dividend payout ratio is presently 8.14%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on VG. Weiss Ratings restated a “sell (d+)” rating on shares of Venture Global in a research note on Monday, December 29th. Raymond James Financial restated an “outperform” rating and issued a $13.00 price objective on shares of Venture Global in a research note on Thursday. UBS Group reduced their target price on shares of Venture Global from $18.00 to $16.00 and set a “buy” rating for the company in a research note on Thursday, January 22nd. Wells Fargo & Company boosted their price target on shares of Venture Global from $8.00 to $10.00 and gave the company an “equal weight” rating in a research report on Thursday. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of Venture Global in a report on Tuesday, March 3rd. Eight research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $13.34.

Institutional Investors Weigh In On Venture Global

A number of institutional investors and hedge funds have recently modified their holdings of VG. Corient Private Wealth LLC bought a new stake in shares of Venture Global during the 4th quarter valued at about $104,000. Caitong International Asset Management Co. Ltd increased its position in shares of Venture Global by 1,614.1% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 33,631 shares of the company’s stock worth $229,000 after purchasing an additional 31,669 shares during the last quarter. Alpine Global Management LLC purchased a new stake in Venture Global in the fourth quarter valued at approximately $531,000. Pacer Advisors Inc. lifted its position in Venture Global by 53.1% during the fourth quarter. Pacer Advisors Inc. now owns 263,799 shares of the company’s stock valued at $1,799,000 after purchasing an additional 91,524 shares during the last quarter. Finally, Virtu Financial LLC increased its holdings in shares of Venture Global by 346.6% in the 4th quarter. Virtu Financial LLC now owns 47,906 shares of the company’s stock worth $327,000 after buying an additional 37,180 shares during the last quarter.

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.