Insider Selling: Venture Global (NYSE:VG) VP Sells 266,265 Shares of Stock

Venture Global, Inc. (NYSE:VG) VP Fory Musser sold 266,265 shares of Venture Global stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $13.09, for a total value of $3,485,408.85. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

• 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.
• On Thursday, May 14th, Fory Musser sold 2,000,000 shares of Venture Global stock. The shares were sold at an average price of $13.09, for a total value of $26,180,000.00.
• On Wednesday, March 4th, Fory Musser sold 1,000,000 shares of Venture Global stock. The shares were sold at an average price of $10.90, for a total value of $10,900,000.00.

Venture Global Price Performance

Shares of VG stock traded up $0.20 during mid-day trading on Thursday, hitting $12.57. 9,071,548 shares of the stock traded hands, compared to its average volume of 21,548,832. Venture Global, Inc. has a twelve month low of $5.72 and a twelve month high of $19.50. The firm has a market cap of $31.22 billion, a price-to-earnings ratio of 13.96, a price-to-earnings-growth ratio of 0.59 and a beta of 0.44. The company’s 50-day simple moving average is $13.72 and its 200-day simple moving average is $10.32. The company has a debt-to-equity ratio of 3.40, a quick ratio of 0.80 and a current ratio of 0.87.

Venture Global (NYSE:VG) last issued its quarterly earnings results on Monday, May 11th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.07. Venture Global had a return on equity of 26.90% and a net margin of 16.94%.The company had revenue of $4.60 billion for the quarter. The company’s revenue was up 58.9% on a year-over-year basis. As a group, equities research analysts expect 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 given a dividend of $0.018 per share. This is a boost from Venture Global’s previous quarterly dividend of $0.02. The ex-dividend date was Monday, March 16th. This represents a $0.07 annualized dividend and a dividend yield of 0.6%. Venture Global’s payout ratio is 7.78%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on VG. Wall Street Zen upgraded Venture Global from a “sell” rating to a “hold” rating in a report on Sunday, March 22nd. Mizuho lifted their target price on Venture Global from $12.00 to $13.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. New Street Research set a $15.00 target price on Venture Global in a report on Tuesday, March 3rd. Citigroup upgraded Venture Global from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $12.00 to $17.00 in a report on Wednesday, May 13th. Finally, UBS Group lifted their target price on Venture Global from $19.00 to $21.00 and gave the stock a “buy” rating in a report on Wednesday, March 25th. Nine analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $16.47.

Hedge Funds Weigh In On Venture Global

Hedge funds have recently modified their holdings of the stock. Blue Trust Inc. grew its holdings in shares of Venture Global by 1,750.0% in the 4th quarter. Blue Trust Inc. now owns 3,700 shares of the company’s stock worth $25,000 after acquiring an additional 3,500 shares during the last quarter. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Venture Global in the second quarter worth $26,000. MAI Capital Management acquired a new stake in shares of Venture Global in the third quarter worth $29,000. Harbour Investments Inc. acquired a new stake in shares of Venture Global in the fourth quarter worth $29,000. Finally, Rockefeller Capital Management L.P. boosted its position in shares of Venture Global by 218.1% in the fourth 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.

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.