Jonathan Thayer Sells 111,111 Shares of Venture Global (NYSE:VG) Stock

Venture Global, Inc. (NYSE:VG) CFO Jonathan Thayer sold 111,111 shares of the company’s stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $11.05, for a total transaction of $1,227,776.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Venture Global Stock Performance

VG stock opened at $10.99 on Friday. The business’s 50-day moving average price is $12.61 and its two-hundred day moving average price is $10.85. 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 cap of $27.31 billion, a PE ratio of 12.22, a P/E/G ratio of 0.48 and a beta of 0.27. Venture Global, Inc. has a 1-year low of $5.72 and a 1-year high of $19.50.

Venture Global (NYSE:VG) last posted its earnings results on Monday, May 11th. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter. Venture Global’s revenue for the quarter was up 58.9% compared to the same quarter last year. As a group, research analysts forecast that Venture Global, Inc. will post 1.46 earnings per share for the current year.

Venture Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be given a $0.018 dividend. The ex-dividend date is Monday, June 15th. This represents a $0.07 annualized dividend and a dividend yield of 0.7%. Venture Global’s payout ratio is currently 7.78%.

Analysts Set New Price Targets

VG has been the topic of a number of research reports. Raymond James Financial reaffirmed an “outperform” rating and issued a $16.00 price target on shares of Venture Global in a research note on Wednesday, May 20th. Bank of America increased their price objective on shares of Venture Global from $13.00 to $16.00 and gave the stock a “buy” rating in a research report on Friday, March 20th. Wall Street Zen upgraded shares of Venture Global from a “sell” rating to a “hold” rating in a report on Sunday, March 22nd. Weiss Ratings raised shares of Venture Global from a “sell (d+)” rating to a “hold (c)” rating in a research report on Friday, May 8th. Finally, Morgan Stanley upped their target price on shares of Venture Global from $20.00 to $22.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 13th. Nine equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $15.94.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in VG. Vanguard Group Inc. lifted its position in Venture Global by 147.4% during the 3rd quarter. Vanguard Group Inc. now owns 22,862,372 shares of the company’s stock worth $324,417,000 after buying an additional 13,620,863 shares in the last quarter. State Street Corp increased its position in shares of Venture Global by 82.7% in the fourth quarter. State Street Corp now owns 10,812,233 shares of the company’s stock valued at $73,739,000 after acquiring an additional 4,893,707 shares during the last quarter. UBS Group AG increased its position in shares of Venture Global by 520.8% during the 4th quarter. UBS Group AG now owns 6,279,598 shares of the company’s stock worth $42,827,000 after purchasing an additional 5,268,053 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Venture Global by 5.7% during the 4th quarter. Geode Capital Management LLC now owns 5,101,668 shares of the company’s stock worth $34,811,000 after purchasing an additional 273,331 shares in the last quarter. Finally, Cohen & Steers Inc. boosted its holdings in shares of Venture Global by 4.6% in the 4th quarter. Cohen & Steers Inc. now owns 4,963,166 shares of the company’s stock valued at $33,849,000 after buying an additional 219,505 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.