Brian Cothran Sells 31,910 Shares of Venture Global (NYSE:VG) Stock

Venture Global, Inc. (NYSE:VG) COO Brian Cothran sold 31,910 shares of the stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $14.33, for a total transaction of $457,270.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Brian Cothran also recently made the following trade(s):

• On Tuesday, May 19th, Brian Cothran sold 473,533 shares of Venture Global stock. The stock was sold at an average price of $14.81, for a total transaction of $7,013,023.73.
• On Wednesday, May 20th, Brian Cothran sold 120,623 shares of Venture Global stock. The stock was sold at an average price of $14.55, for a total transaction of $1,755,064.65.

Venture Global Price Performance

NYSE:VG opened at $13.84 on Friday. The company has a 50-day moving average of $13.70 and a 200-day moving average of $10.19. The company has a market capitalization of $34.39 billion, a price-to-earnings ratio of 15.38, a PEG ratio of 0.62 and a beta of 0.44. Venture Global, Inc. has a 52 week low of $5.72 and a 52 week high of $19.50. 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 released its quarterly earnings data on Monday, May 11th. The company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.07. The company had revenue of $4.60 billion during the quarter. Venture Global had a net margin of 16.94% and a return on equity of 26.90%. The firm’s revenue for the quarter was up 58.9% on a year-over-year basis. As a group, equities research analysts anticipate that Venture Global, Inc. will post 1.39 earnings per share for the current fiscal year.

Venture Global Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th were issued a dividend of $0.018 per share. This represents a $0.07 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Monday, March 16th. This is a positive change from Venture Global’s previous quarterly dividend of $0.02. Venture Global’s payout ratio is 7.78%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Morgan Stanley raised their price objective on shares of Venture Global from $20.00 to $22.00 and gave the stock an “overweight” rating in a report on Wednesday, May 13th. Raymond James Financial reaffirmed an “outperform” rating and set a $16.00 price objective on shares of Venture Global in a report on Wednesday. Mizuho raised their price objective on shares of Venture Global from $12.00 to $13.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Bank of America raised their price objective on shares of Venture Global from $13.00 to $16.00 and gave the stock a “buy” rating in a report on Friday, March 20th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Venture Global from $19.00 to $16.00 and set a “neutral” rating for the company in a report on Tuesday, April 14th. Nine equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Venture Global has a consensus rating of “Moderate Buy” and a consensus target price of $16.47.

Hedge Funds Weigh In On Venture Global

Several institutional investors have recently added to or reduced their stakes in VG. Royal Bank of Canada acquired a new stake in Venture Global in the 1st quarter valued at about $2,150,000. Integrated Wealth Concepts LLC acquired a new stake in Venture Global in the 1st quarter valued at about $152,000. NewEdge Advisors LLC acquired a new stake in Venture Global in the 1st quarter valued at about $460,000. Northwestern Mutual Wealth Management Co. acquired a new stake in Venture Global in the 2nd quarter valued at about $26,000. Finally, Amundi acquired a new stake in Venture Global in the 2nd quarter valued at about $213,000.

About Venture Global

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.