Venture Global (NYSE:VG) Stock: Insider Fory Musser Sells 500,000 Shares

Venture Global, Inc. (NYSE:VG) VP Fory Musser sold 500,000 shares of the business’s stock in a transaction that occurred on Thursday, November 12th. The stock was sold at an average price of $13.16, for a total value of $6,580,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

• On Wednesday, August 19th, Fory Musser sold 12,600 shares of Venture Global stock. The stock was sold at an average price of $14.01, for a total value of $176,526.00.
• On Thursday, August 20th, Fory Musser sold 259,413 shares of Venture Global stock. The shares were sold at an average price of $14.26, for a total value of $3,699,229.38.
• On Monday, August 17th, Fory Musser sold 22,013 shares of Venture Global stock. The shares were sold at an average price of $14.02, for a total transaction of $308,622.26.

Venture Global Stock Performance

Shares of NYSE:VG traded down $0.09 during trading on Friday, reaching $13.17. The stock had a trading volume of 7,851,700 shares, compared to its average volume of 17,806,709. Venture Global, Inc. has a 52 week low of $5.72 and a 52 week high of $17.62. The stock has a fifty day simple moving average of $13.46 and a two-hundred day simple moving average of $12.81. The company has a quick ratio of 1.11, a current ratio of 0.90 and a debt-to-equity ratio of 2.96. The firm has a market capitalization of $32.92 billion, a price-to-earnings ratio of 6.36 and a beta of 0.22.

Venture Global (NYSE:VG) last announced its earnings results on Monday, November 9th. The company reported $0.96 EPS for the quarter, topping the consensus estimate of $0.50 by $0.46. The firm had revenue of $4.76 billion for the quarter. Venture Global had a net margin of 31.11% and a return on equity of 39.19%. The business’s revenue was up 42.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.16 EPS. As a group, analysts anticipate that Venture Global, Inc. will post 1.79 earnings per share for the current fiscal year.

Venture Global Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Tuesday, December 15th will be given a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Tuesday, December 15th. Venture Global’s dividend payout ratio (DPR) is currently 7.73%.

Trending Headlines about Venture Global

Here are a few of the latest headlines about VG:

• Neutral Sentiment: Venture Global has asked the U.S. Department of Energy for permission to re-export LNG from its CP2 project. Approval could add commercial flexibility, but the request remains subject to a regulatory decision. Venture Global asks DOE for approval to re-export LNG from CP2 project
• Neutral Sentiment: Plans involving Plaquemines LNG and AI data-center power could broaden long-term growth prospects, but coverage also flags that the data-center strategy may delay free-cash-flow generation. What Is Venture Global Signaling With Plaquemines LNG And AI Power Plans? Venture Global Data Center Play Adds Long-Term Growth But Delays FCF
• Neutral Sentiment: Sanford C. Bernstein reaffirmed its Market Perform rating, offering a more cautious counterpoint to the recent Buy ratings. Sanford C. Bernstein Reaffirms Market Perform Rating for Venture Global

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Weiss Ratings raised Venture Global from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, September 28th. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $14.00 price target on shares of Venture Global in a research report on Tuesday. Scotiabank upped their price target on Venture Global from $15.00 to $16.00 and gave the stock a “sector perform” rating in a report on Thursday, September 10th. Zacks Research cut Venture Global from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 12th. Finally, Wells Fargo & Company upgraded shares of Venture Global from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $15.00 to $21.00 in a research note on Tuesday, October 20th. Ten equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $16.87.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in VG. Reyes Financial Architecture Inc. bought a new stake in shares of Venture Global in the third quarter valued at about $28,000. LRI Investments LLC bought a new position in Venture Global during the second quarter valued at about $28,000. IFP Advisors Inc bought a new position in Venture Global during the second quarter valued at about $31,000. Fifth Third Bancorp increased its stake in Venture Global by 17,041.2% during the first quarter. Fifth Third Bancorp now owns 5,828 shares of the company’s stock valued at $92,000 after acquiring an additional 5,794 shares during the period. Finally, Sanders Morris Harris LLC acquired a new position in Venture Global in the 3rd quarter valued at approximately $127,000.

Venture Global Company Profile

Venture Global, Inc. is a U.S. liquefied natural gas (LNG) company that develops, constructs and operates facilities to produce and export LNG. Its activities include sourcing natural gas, processing it into LNG and delivering the fuel to customers in international markets, often through long-term supply agreements. Founded in 2013, the company is based in Arlington, Virginia, and focuses its LNG projects on Louisiana’s Gulf Coast. Its facilities include Calcasieu Pass and Plaquemines LNG, while it is also developing additional export capacity, including the proposed CP2 project.