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

Venture Global, Inc. (NYSE:VG) CFO Jonathan Thayer sold 111,111 shares of the business’s stock in a transaction on Tuesday, October 20th. The stock was sold at an average price of $12.70, for a total value of $1,411,109.70. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Venture Global Price Performance

Shares of NYSE VG opened at $12.88 on Thursday. The company has a debt-to-equity ratio of 3.44, a current ratio of 1.19 and a quick ratio of 1.11. The company has a market cap of $32.19 billion, a price-to-earnings ratio of 9.93 and a beta of 0.35. The stock’s 50-day moving average is $13.84 and its two-hundred day moving average is $13.12. Venture Global, Inc. has a 1-year low of $5.72 and a 1-year high of $17.62.

Venture Global (NYSE:VG) last issued its quarterly earnings results on Monday, August 10th. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.01. Venture Global had a net margin of 21.24% and a return on equity of 34.08%. The company had revenue of $4.58 billion during the quarter. Analysts forecast that Venture Global, Inc. will post 1.75 EPS for the current fiscal year.

Venture Global Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th were given a dividend of $0.04 per share. This is an increase from Venture Global’s previous quarterly dividend of $0.0180. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $0.16 annualized dividend and a dividend yield of 1.2%. Venture Global’s dividend payout ratio is presently 12.60%.

Institutional Trading of Venture Global

Several institutional investors have recently modified their holdings of VG. Artemis Investment Management LLP grew its position in shares of Venture Global by 754.3% in the 3rd quarter. Artemis Investment Management LLP now owns 7,143,406 shares of the company’s stock valued at $90,293,000 after buying an additional 6,307,200 shares during the last quarter. Bank of America Corp DE raised its stake in Venture Global by 135.6% during the 1st quarter. Bank of America Corp DE now owns 4,174,444 shares of the company’s stock worth $65,789,000 after acquiring an additional 2,402,771 shares in the last quarter. Rubric Capital Management LP purchased a new stake in Venture Global in the first quarter valued at $23,640,000. Bank of New York Mellon Corp purchased a new stake in Venture Global in the second quarter valued at $14,230,000. Finally, Renaissance Technologies LLC boosted its stake in Venture Global by 104.6% in the first quarter. Renaissance Technologies LLC now owns 2,046,840 shares of the company’s stock valued at $32,258,000 after acquiring an additional 1,046,300 shares in the last quarter.

Analysts Set New Price Targets

VG has been the topic of several recent analyst reports. Sanford C. Bernstein reissued a “market perform” rating and issued a $14.00 target price on shares of Venture Global in a report on Friday, October 16th. Zacks Research downgraded Venture Global from a “strong-buy” rating to a “hold” rating in a report on Monday, October 12th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Venture Global in a report on Friday, October 9th. Weiss Ratings raised Venture Global from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, September 28th. Finally, Scotiabank increased their price objective on Venture Global from $15.00 to $16.00 and gave the company a “sector perform” rating in a report on Thursday, September 10th. Nine analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Venture Global has a consensus rating of “Moderate Buy” and a consensus price target of $16.53.

About Venture Global

Venture Global, Inc (NYSE:VG) is a U.S.-based liquefied natural gas (LNG) company that develops, constructs, owns and operates LNG export facilities. The company sources natural gas, processes it into LNG and exports the product to customers in international energy markets.

Venture Global’s operating and development portfolio is concentrated along the U.S. Gulf Coast, particularly in Louisiana. Its projects include the Calcasieu Pass LNG facility, the Plaquemines LNG facility and additional proposed developments such as CP2 LNG and Delta LNG.