Venture Global (NYSE:VG) VP Fory Musser Sells 500,000 Shares of Company Stock

Venture Global, Inc. (NYSE:VG) VP Fory Musser sold 500,000 shares of Venture Global stock in a transaction that occurred on Thursday, November 12th. The stock was sold at an average price of $13.16, for a total transaction of $6,580,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

• On Wednesday, August 19th, Fory Musser sold 12,600 shares of Venture Global stock. The shares were sold at an average price of $14.01, for a total transaction of $176,526.00.
• On Thursday, August 20th, Fory Musser sold 259,413 shares of Venture Global stock. The shares were sold at an average price of $14.26, for a total value of $3,699,229.38.
• On Monday, August 17th, Fory Musser sold 22,013 shares of Venture Global stock. The shares were sold at an average price of $14.02, for a total value of $308,622.26.

Venture Global Stock Down 0.7%

Shares of Venture Global stock traded down $0.09 during midday trading on Friday, hitting $13.17. The company’s stock had a trading volume of 7,851,700 shares, compared to its average volume of 17,806,709. The firm has a market capitalization of $32.92 billion, a P/E ratio of 6.36 and a beta of 0.22. The stock has a 50-day simple moving average of $13.46 and a 200-day simple moving average of $12.81. The company has a quick ratio of 1.11, a current ratio of 0.90 and a debt-to-equity ratio of 2.96. 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, November 9th. The company reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.46. Venture Global had a return on equity of 39.19% and a net margin of 31.11%. The business had revenue of $4.76 billion for the quarter. During the same quarter in the prior year, the firm posted $0.16 EPS. The business’s quarterly revenue was up 42.9% compared to the same quarter last year. As a group, sell-side analysts expect that Venture Global, Inc. will post 1.79 earnings per share for the current year.

Venture Global Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Tuesday, December 15th will be issued a $0.04 dividend. The ex-dividend date is Tuesday, December 15th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.2%. Venture Global’s dividend payout ratio is currently 7.73%.

Hedge Funds Weigh In On Venture Global

Hedge funds have recently added to or reduced their stakes in the company. Artemis Investment Management LLP boosted its holdings in Venture Global by 754.3% in the third quarter. Artemis Investment Management LLP now owns 7,143,406 shares of the company’s stock worth $90,293,000 after purchasing an additional 6,307,200 shares in the last quarter. Bank of America Corp DE increased its position in Venture Global by 135.6% during the first quarter. Bank of America Corp DE now owns 4,174,444 shares of the company’s stock worth $65,789,000 after buying an additional 2,402,771 shares during the last quarter. First Trust Advisors LP raised its holdings in Venture Global by 386.3% during the third quarter. First Trust Advisors LP now owns 3,456,453 shares of the company’s stock valued at $43,690,000 after buying an additional 2,745,655 shares in the last quarter. Renaissance Technologies LLC raised its holdings in Venture Global by 104.6% during the first quarter. Renaissance Technologies LLC now owns 2,046,840 shares of the company’s stock valued at $32,258,000 after buying an additional 1,046,300 shares in the last quarter. Finally, CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT raised its holdings in Venture Global by 34.6% during the third quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 1,870,000 shares of the company’s stock valued at $23,637,000 after buying an additional 481,000 shares in the last quarter.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Venture Global in a research report on Wednesday, October 7th. Scotiabank increased their target price on shares of Venture Global from $15.00 to $16.00 and gave the stock a “sector perform” rating in a research report on Thursday, September 10th. Mizuho lifted their target price on shares of Venture Global from $13.00 to $15.00 and gave the company a “neutral” rating in a research note on Wednesday, July 22nd. The Goldman Sachs Group restated a “buy” rating on shares of Venture Global in a report on Friday, October 9th. Finally, Wells Fargo & Company raised shares of Venture Global from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $15.00 to $21.00 in a research note on Tuesday, October 20th. Ten analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $16.87.

Key Headlines Impacting Venture Global

Here are a few of the latest headlines about VG:

• Positive Sentiment: RBC Capital and Morgan Stanley each assigned Venture Global a Buy rating. Separately, the average analyst price target implies about 32% upside, although price targets are not reliable predictors on their own; Zacks points to earnings-estimate revisions as a more supportive signal. RBC Capital Buy rating Morgan Stanley Buy rating Analyst price target and upside discussion
• Neutral Sentiment: Venture Global has asked the U.S. Department of Energy for permission to re-export LNG from its CP2 project. Approval could add commercial flexibility, but the request remains subject to a regulatory decision. Venture Global asks DOE for approval to re-export LNG from CP2 project
• Neutral Sentiment: Sanford C. Bernstein reaffirmed its Market Perform rating, offering a more cautious counterpoint to the recent Buy ratings. Sanford C. Bernstein Reaffirms Market Perform Rating for Venture Global

About Venture Global

Venture Global, Inc. is a U.S. liquefied natural gas (LNG) company that develops, constructs and operates facilities to produce and export LNG. Its activities include sourcing natural gas, processing it into LNG and delivering the fuel to customers in international markets, often through long-term supply agreements. Founded in 2013, the company is based in Arlington, Virginia, and focuses its LNG projects on Louisiana’s Gulf Coast. Its facilities include Calcasieu Pass and Plaquemines LNG, while it is also developing additional export capacity, including the proposed CP2 project.