Insider Selling: Venture Global (NYSE:VG) CAO Sells 1,000,000 Shares

Venture Global, Inc. (NYSE:VG) CAO Sarah Blake sold 1,000,000 shares of the firm’s stock in a transaction on Friday, August 14th. The stock was sold at an average price of $14.02, for a total value of $14,020,000.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Venture Global Price Performance

Shares of NYSE VG traded up $0.47 during mid-day trading on Friday, reaching $14.01. The company had a trading volume of 13,439,558 shares, compared to its average volume of 19,084,408. The company has a 50-day moving average price of $12.52 and a two-hundred day moving average price of $12.38. The stock has a market cap of $34.79 billion, a PE ratio of 11.03, a P/E/G ratio of 0.60 and a beta of 0.22. The company has a current ratio of 0.87, a quick ratio of 0.80 and a debt-to-equity ratio of 3.40. Venture Global, Inc. has a 1-year low of $5.72 and a 1-year high of $17.62.

Venture Global (NYSE:VG) last announced its earnings results on Monday, August 10th. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.50 by $0.01. Venture Global had a return on equity of 35.79% and a net margin of 21.24%.The business had revenue of $4.58 billion during the quarter. On average, equities analysts anticipate that Venture Global, Inc. will post 1.53 earnings per share for the current year.

Venture Global Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be paid a dividend of $0.04 per share. This is a boost from Venture Global’s previous quarterly dividend of $0.02. This represents a $0.16 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Tuesday, September 15th. Venture Global’s payout ratio is currently 7.78%.

Hedge Funds Weigh In On Venture Global

A number of large investors have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Venture Global in the second quarter worth approximately $26,000. LRI Investments LLC purchased a new position in shares of Venture Global during the 2nd quarter valued at $28,000. Harbour Investments Inc. acquired a new position in shares of Venture Global in the fourth quarter worth $29,000. Rockefeller Capital Management L.P. increased its stake 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 acquiring an additional 3,031 shares during the last quarter. Finally, AdvisorNet Financial Inc raised its holdings in shares of Venture Global by 67.5% during the first quarter. AdvisorNet Financial Inc now owns 4,480 shares of the company’s stock worth $71,000 after acquiring an additional 1,805 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on VG shares. JPMorgan Chase & Co. raised shares of Venture Global from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $16.00 to $17.00 in a research report on Thursday, June 4th. The Goldman Sachs Group set a $18.00 price objective on shares of Venture Global in a research note on Thursday, May 14th. Citigroup upgraded shares of Venture Global from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $12.00 to $17.00 in a research report on Wednesday, May 13th. Wells Fargo & Company boosted their target price on shares of Venture Global from $14.00 to $15.00 and gave the company an “equal weight” rating in a research note on Wednesday. Finally, Mizuho increased their target price on Venture Global from $13.00 to $15.00 and gave the company a “neutral” rating in a report on Wednesday, July 22nd. Nine investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, Venture Global currently has a consensus rating of “Moderate Buy” and a consensus price target of $16.12.

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.