Insider Selling: Venture Global (NYSE:VG) VP Sells 233,735 Shares of Stock

Venture Global, Inc. (NYSE:VG) VP Fory Musser sold 233,735 shares of the business’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $12.61, for a total value of $2,947,398.35. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• On Tuesday, May 26th, Fory Musser sold 266,265 shares of Venture Global stock. The shares were sold at an average price of $13.09, for a total value of $3,485,408.85.
• On Thursday, May 14th, Fory Musser sold 2,000,000 shares of Venture Global stock. The shares were sold at an average price of $13.09, for a total value of $26,180,000.00.
• On Wednesday, March 4th, Fory Musser sold 1,000,000 shares of Venture Global stock. The shares were sold at an average price of $10.90, for a total value of $10,900,000.00.

Venture Global Stock Performance

VG traded up $0.20 on Thursday, hitting $12.57. 9,071,548 shares of the stock traded hands, compared to its average volume of 21,548,832. Venture Global, Inc. has a 52 week low of $5.72 and a 52 week high of $19.50. The company has a current ratio of 0.87, a quick ratio of 0.80 and a debt-to-equity ratio of 3.40. The firm has a market capitalization of $31.22 billion, a PE ratio of 13.96, a P/E/G ratio of 0.59 and a beta of 0.44. The business has a fifty day moving average price of $13.72 and a two-hundred day moving average price of $10.32.

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

Venture Global Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th were issued a dividend of $0.018 per share. The ex-dividend date of this dividend was 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 (DPR) is presently 7.78%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on VG shares. Weiss Ratings raised Venture Global from a “sell (d+)” rating to a “hold (c)” rating in a report on Friday, May 8th. The Goldman Sachs Group set a $18.00 price objective on Venture Global in a report on Thursday, May 14th. Wells Fargo & Company lifted their price objective on Venture Global from $10.00 to $14.00 and gave the company an “equal weight” rating in a report on Wednesday, March 25th. Morgan Stanley lifted their price objective on Venture Global from $20.00 to $22.00 and gave the company an “overweight” rating in a report on Wednesday, May 13th. Finally, Citigroup raised Venture Global from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $12.00 to $17.00 in a report on Wednesday, May 13th. Nine analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $16.47.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of VG. Royal Bank of Canada acquired a new position in shares of Venture Global in the 1st quarter worth approximately $2,150,000. Integrated Wealth Concepts LLC acquired a new position in shares of Venture Global in the 1st quarter worth approximately $152,000. NewEdge Advisors LLC acquired a new position in shares of Venture Global in the 1st quarter worth approximately $460,000. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Venture Global in the 2nd quarter worth approximately $26,000. Finally, Amundi acquired a new position in shares of Venture Global in the 2nd quarter worth approximately $213,000.

About Venture Global

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.