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

Venture Global, Inc. (NYSE:VG) CFO Jonathan Thayer sold 111,111 shares of the business’s stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $11.05, for a total value of $1,227,776.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Venture Global Trading Down 0.5%

Shares of Venture Global stock opened at $10.99 on Friday. Venture Global, Inc. has a 52-week low of $5.72 and a 52-week high of $19.50. The stock has a market capitalization of $27.31 billion, a P/E ratio of 12.22, a P/E/G ratio of 0.48 and a beta of 0.27. The company has a debt-to-equity ratio of 3.40, a quick ratio of 0.80 and a current ratio of 0.87. The stock’s 50-day simple moving average is $12.68 and its 200 day simple moving average is $10.85.

Venture Global (NYSE:VG) last released its quarterly earnings results on Monday, May 11th. The company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.07. Venture Global had a net margin of 16.94% and a return on equity of 26.90%. The firm had revenue of $4.60 billion during the quarter. The business’s quarterly revenue was up 58.9% on a year-over-year basis. As a group, research analysts anticipate that Venture Global, Inc. will post 1.46 EPS for the current year.

Venture Global Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be paid a $0.018 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $0.07 annualized dividend and a dividend yield of 0.7%. Venture Global’s dividend payout ratio (DPR) is presently 7.78%.

Hedge Funds Weigh In On Venture Global

Several hedge funds have recently modified their holdings of VG. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Venture Global in the second quarter worth $26,000. MAI Capital Management purchased a new stake in Venture Global during the 3rd quarter worth approximately $29,000. Blue Trust Inc. raised its stake in Venture Global by 1,750.0% in the 4th quarter. Blue Trust Inc. now owns 3,700 shares of the company’s stock valued at $25,000 after purchasing an additional 3,500 shares during the last quarter. Harbour Investments Inc. acquired a new stake in Venture Global in the 4th quarter valued at about $29,000. Finally, Rockefeller Capital Management L.P. boosted its stake in Venture Global by 218.1% during 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 last quarter.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on VG. JPMorgan Chase & Co. raised Venture Global from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $16.00 to $17.00 in a research report on Thursday, June 4th. Scotiabank boosted their price target on Venture Global from $13.00 to $15.00 and gave the company a “sector perform” rating in a research note on Wednesday, May 13th. Sanford C. Bernstein started coverage on Venture Global in a research report on Tuesday. They set a “market perform” rating and a $14.00 target price on the stock. Wells Fargo & Company increased their price objective on shares of Venture Global from $10.00 to $14.00 and gave the stock an “equal weight” rating in a research note on Wednesday, March 25th. Finally, Weiss Ratings raised shares of Venture Global from a “sell (d+)” rating to a “hold (c)” rating in a research note on Friday, May 8th. Nine investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, Venture Global presently has an average rating of “Moderate Buy” and an average price target of $15.94.

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.