Venture Global (NYSE:VG) Insider Thomas Earl Sells 1,000,000 Shares

Venture Global, Inc. (NYSE:VG) insider Thomas Earl sold 1,000,000 shares of Venture Global stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $12.44, for a total transaction of $12,440,000.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Thomas Earl also recently made the following trade(s):

• On Monday, March 9th, Thomas Earl sold 1,000,000 shares of Venture Global stock. The stock was sold at an average price of $11.83, for a total transaction of $11,830,000.00.

Venture Global Stock Performance

Shares of NYSE VG opened at $12.57 on Friday. The company has a market cap of $31.22 billion, a PE ratio of 13.96, a price-to-earnings-growth ratio of 0.56 and a beta of 0.44. Venture Global, Inc. has a 12 month low of $5.72 and a 12 month high of $19.50. The company has a debt-to-equity ratio of 3.40, a current ratio of 0.87 and a quick ratio of 0.80. The company has a 50-day simple moving average of $13.71 and a 200-day simple moving average of $10.35.

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

Venture Global Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th were issued a dividend of $0.018 per share. This represents a $0.07 dividend on an annualized basis and a dividend yield of 0.6%. This is a boost from Venture Global’s previous quarterly dividend of $0.02. The ex-dividend date was Monday, March 16th. Venture Global’s payout ratio is presently 7.78%.

Institutional Investors Weigh In On Venture Global

Institutional investors have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. purchased a new stake in Venture Global in the second quarter valued at approximately $26,000. MAI Capital Management purchased a new stake in Venture Global during the third quarter worth approximately $29,000. UMB Bank n.a. grew its stake in Venture Global by 161.2% during the third quarter. UMB Bank n.a. now owns 2,949 shares of the company’s stock worth $42,000 after buying an additional 1,820 shares during the period. Blue Trust Inc. grew its stake in Venture Global by 1,750.0% during the fourth quarter. Blue Trust Inc. now owns 3,700 shares of the company’s stock worth $25,000 after buying an additional 3,500 shares during the period. Finally, Harbour Investments Inc. purchased a new stake in Venture Global during the fourth quarter worth approximately $29,000.

Analysts Set New Price Targets

VG has been the subject of a number of recent research reports. Wall Street Zen upgraded shares of Venture Global from a “sell” rating to a “hold” rating in a report on Sunday, March 22nd. Royal Bank Of Canada upped their price objective on shares of Venture Global from $14.00 to $16.00 and gave the company an “outperform” rating in a research note on Friday, April 17th. Scotiabank boosted their target price on shares of Venture Global from $13.00 to $15.00 and gave the company a “sector perform” rating in a report on Wednesday, May 13th. UBS Group boosted their target price on shares of Venture Global from $19.00 to $21.00 and gave the company a “buy” rating in a report on Wednesday, March 25th. Finally, New Street Research set a $15.00 target price on shares of Venture Global in a report on Tuesday, March 3rd. Nine investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $16.47.

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.