Fory Musser Sells 22,013 Shares of Venture Global (NYSE:VG) Stock

Venture Global, Inc. (NYSE:VG) VP Fory Musser sold 22,013 shares of the company’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $14.02, for a total transaction of $308,622.26. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Friday, August 14th, Fory Musser sold 447,534 shares of Venture Global stock. The shares were sold at an average price of $14.02, for a total value of $6,274,426.68.
• 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 value of $2,947,398.35.

Venture Global Stock Performance

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

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

Venture Global Increases Dividend

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

Institutional Investors Weigh In On Venture Global

Hedge funds and other institutional investors have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Venture Global in the second quarter worth $26,000. LRI Investments LLC purchased a new position in shares of Venture Global during the 2nd quarter valued at $28,000. Harbour Investments Inc. bought a new position in Venture Global in the 4th quarter worth $29,000. Rockefeller Capital Management L.P. boosted its holdings in Venture Global by 218.1% in the 4th quarter. Rockefeller Capital Management L.P. now owns 4,421 shares of the company’s stock worth $30,000 after buying an additional 3,031 shares during the period. Finally, AdvisorNet Financial Inc increased its stake in Venture Global by 67.5% in the 1st quarter. AdvisorNet Financial Inc now owns 4,480 shares of the company’s stock worth $71,000 after buying an additional 1,805 shares in the last quarter.

Wall Street Analyst Weigh In

A number of research firms have issued reports on VG. US Capital Advisors set a $13.00 price objective on shares of Venture Global in a research report on Friday, May 29th. Wells Fargo & Company raised their target price on Venture Global from $14.00 to $15.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 12th. The Goldman Sachs Group set a $18.00 price target on Venture Global in a report on Thursday, May 14th. Citigroup raised Venture Global from a “neutral” rating to a “buy” rating and upped their price target for the company from $12.00 to $17.00 in a research report on Wednesday, May 13th. Finally, Weiss Ratings lowered Venture Global from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, July 20th. Nine research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, Venture Global has a consensus rating of “Moderate Buy” and a consensus 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.