Venture Global (NYSE:VG) CAO Sarah Blake Sells 300,000 Shares

Venture Global, Inc. (NYSE:VG) CAO Sarah Blake sold 300,000 shares of the business’s stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $11.85, for a total transaction of $3,555,000.00. The sale was disclosed in a document filed with the SEC, which is available at this link.

Sarah Blake also recently made the following trade(s):

• On Monday, March 9th, Sarah Blake sold 30,700 shares of Venture Global stock. The shares were sold at an average price of $13.00, for a total value of $399,100.00.

Venture Global Stock Down 7.8%

Venture Global stock traded down $0.97 during midday trading on Monday, reaching $11.51. The company’s stock had a trading volume of 30,945,846 shares, compared to its average volume of 14,989,354. The company has a market cap of $28.18 billion, a P/E ratio of 13.38 and a beta of 5.70. The company has a quick ratio of 0.87, a current ratio of 0.93 and a debt-to-equity ratio of 3.24. The business has a 50-day simple moving average of $9.05 and a 200-day simple moving average of $9.66. Venture Global, Inc. has a fifty-two week low of $5.72 and a fifty-two week high of $19.50.

Venture Global (NYSE:VG) last released its quarterly earnings data on Monday, March 2nd. The company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.06. Venture Global had a return on equity of 27.96% and a net margin of 18.38%.The business had revenue of $4.45 billion during the quarter. The firm’s quarterly revenue was up 191.7% on a year-over-year basis. On average, research analysts expect that Venture Global, Inc. will post 0.52 earnings per share for the current fiscal year.

Venture Global Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 16th will be issued a $0.018 dividend. This represents a $0.07 dividend on an annualized basis and a yield of 0.6%. This is a positive change from Venture Global’s previous quarterly dividend of $0.02. The ex-dividend date of this dividend is Monday, March 16th. Venture Global’s dividend payout ratio is currently 8.14%.

Institutional Investors Weigh In On Venture Global

Large investors have recently modified their holdings of the company. Vanguard Group Inc. grew its position in shares of Venture Global by 147.4% during the third quarter. Vanguard Group Inc. now owns 22,862,372 shares of the company’s stock worth $324,417,000 after acquiring an additional 13,620,863 shares during the last quarter. UBS Group AG increased its holdings in shares of Venture Global by 520.8% in the 4th quarter. UBS Group AG now owns 6,279,598 shares of the company’s stock valued at $42,827,000 after acquiring an additional 5,268,053 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Venture Global in the 2nd quarter valued at $76,489,000. State Street Corp raised its position in Venture Global by 82.7% in the 4th quarter. State Street Corp now owns 10,812,233 shares of the company’s stock valued at $73,739,000 after purchasing an additional 4,893,707 shares during the last quarter. Finally, Millennium Management LLC boosted its stake in Venture Global by 258.1% during the 4th quarter. Millennium Management LLC now owns 3,248,477 shares of the company’s stock worth $22,155,000 after purchasing an additional 2,341,253 shares during the period.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on VG. Bank of America reduced their price objective on shares of Venture Global from $15.00 to $11.00 and set a “buy” rating for the company in a research report on Thursday, December 11th. Citigroup increased their target price on shares of Venture Global from $9.00 to $12.00 and gave the company a “neutral” rating in a research report on Wednesday, March 4th. UBS Group cut their price target on shares of Venture Global from $18.00 to $16.00 and set a “buy” rating on the stock in a research note on Thursday, January 22nd. JPMorgan Chase & Co. cut shares of Venture Global from an “overweight” rating to a “neutral” rating and boosted their price target for the company from $10.00 to $11.00 in a research report on Tuesday, January 27th. Finally, New Street Research set a $15.00 price objective on shares of Venture Global in a research note on Tuesday, March 3rd. Eight equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $13.34.

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.