Venture Global (NYSE:VG) CAO Sells $3,200,000.00 in Stock

Venture Global, Inc. (NYSE:VGGet Free Report) CAO Sarah Blake sold 200,000 shares of Venture Global stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $16.00, for a total transaction of $3,200,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Sarah Blake also recently made the following trade(s):

  • On Thursday, March 12th, Sarah Blake sold 119,300 shares of Venture Global stock. The stock was sold at an average price of $13.01, for a total transaction of $1,552,093.00.
  • On Thursday, March 5th, Sarah Blake sold 300,000 shares of Venture Global stock. The shares were sold at an average price of $11.85, for a total transaction of $3,555,000.00.
  • On Monday, March 9th, Sarah Blake sold 30,700 shares of Venture Global stock. The shares were sold at an average price of $13.00, for a total value of $399,100.00.

Venture Global Stock Down 3.7%

Shares of NYSE VG traded down $0.55 during midday trading on Thursday, reaching $14.30. 100,819,566 shares of the company’s stock were exchanged, compared to its average volume of 18,159,691. The company has a debt-to-equity ratio of 3.24, a quick ratio of 0.87 and a current ratio of 0.93. Venture Global, Inc. has a 52-week low of $5.72 and a 52-week high of $19.50. The business’s fifty day moving average price is $9.97 and its two-hundred day moving average price is $9.67. The stock has a market capitalization of $35.01 billion, a PE ratio of 16.63 and a beta of 5.70.

Venture Global (NYSE:VGGet Free Report) last issued its quarterly earnings results on Monday, March 2nd. The company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.06. Venture Global had a return on equity of 27.96% and a net margin of 18.38%.The firm had revenue of $4.45 billion during the quarter. Venture Global’s quarterly revenue was up 191.7% compared to the same quarter last year. Analysts forecast that Venture Global, Inc. will post 0.52 EPS for the current year.

Venture Global Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th will be given a dividend of $0.018 per share. The ex-dividend date of this dividend is Monday, March 16th. This is an increase from Venture Global’s previous quarterly dividend of $0.02. This represents a $0.07 dividend on an annualized basis and a dividend yield of 0.5%. Venture Global’s dividend payout ratio is 8.14%.

More Venture Global News

Here are the key news stories impacting Venture Global this week:

Analyst Ratings Changes

VG has been the topic of a number of research analyst reports. US Capital Advisors upgraded shares of Venture Global to a “moderate sell” rating in a research note on Monday, December 15th. Citigroup lifted their price target on Venture Global from $9.00 to $12.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 4th. Wall Street Zen lowered Venture Global from a “hold” rating to a “sell” rating in a report on Saturday, March 14th. Bank of America cut their price objective on Venture Global from $15.00 to $11.00 and set a “buy” rating on the stock in a research note on Thursday, December 11th. Finally, Scotiabank increased their target price on Venture Global from $9.00 to $11.00 and gave the stock a “sector perform” rating in a report on Tuesday. Seven equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $13.23.

Check Out Our Latest Research Report on Venture Global

Hedge Funds Weigh In On Venture Global

Institutional investors have recently made changes to their positions in the stock. Summit Financial Wealth Advisors LLC raised its position in shares of Venture Global by 8.8% during the 4th quarter. Summit Financial Wealth Advisors LLC now owns 14,336 shares of the company’s stock worth $98,000 after purchasing an additional 1,161 shares during the period. Federation des caisses Desjardins du Quebec boosted its position in Venture Global by 11.0% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 12,254 shares of the company’s stock valued at $84,000 after purchasing an additional 1,215 shares during the period. CWM LLC boosted its position in Venture Global by 24.1% during the 4th quarter. CWM LLC now owns 7,014 shares of the company’s stock valued at $48,000 after purchasing an additional 1,363 shares during the period. Wells Fargo & Company MN grew its stake in Venture Global by 1.5% during the 4th quarter. Wells Fargo & Company MN now owns 93,615 shares of the company’s stock worth $638,000 after buying an additional 1,407 shares during the last quarter. Finally, American Financial Group Inc. increased its position in Venture Global by 14.3% in the third quarter. American Financial Group Inc. now owns 12,000 shares of the company’s stock worth $170,000 after buying an additional 1,500 shares during the period.

About Venture Global

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Venture Global (NYSE:VG)

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