Fory Musser Sells 768,762 Shares of Venture Global (NYSE:VG) Stock

Venture Global, Inc. (NYSE:VG) VP Fory Musser sold 768,762 shares of the firm’s stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $8.01, for a total transaction of $6,157,783.62. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

• On Wednesday, November 19th, Fory Musser sold 188,337 shares of Venture Global stock. The shares were sold at an average price of $7.80, for a total transaction of $1,469,028.60.
• On Thursday, November 20th, Fory Musser sold 42,901 shares of Venture Global stock. The shares were sold at an average price of $7.80, for a total transaction of $334,627.80.
• On Friday, November 14th, Fory Musser sold 223,702 shares of Venture Global stock. The stock was sold at an average price of $8.03, for a total transaction of $1,796,327.06.
• On Monday, November 17th, Fory Musser sold 776,298 shares of Venture Global stock. The shares were sold at an average price of $8.06, for a total value of $6,256,961.88.

Venture Global Stock Performance

Shares of NYSE VG traded down $0.60 during trading hours on Thursday, reaching $7.18. 9,802,956 shares of the stock were exchanged, compared to its average volume of 7,806,592. The firm has a market capitalization of $17.42 billion and a price-to-earnings ratio of 9.20. The stock’s fifty day simple moving average is $10.72 and its 200 day simple moving average is $12.80. The company has a debt-to-equity ratio of 3.46, a quick ratio of 0.77 and a current ratio of 0.83. Venture Global, Inc. has a 52 week low of $6.75 and a 52 week high of $25.50.

Venture Global (NYSE:VG) last issued its quarterly earnings data on Monday, November 10th. The company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.06). The firm had revenue of $3.33 billion during the quarter, compared to analyst estimates of $3.23 billion. Venture Global had a net margin of 21.99% and a return on equity of 29.55%. The firm’s revenue for the quarter was up 259.5% on a year-over-year basis. Sell-side analysts predict that Venture Global, Inc. will post 0.52 EPS for the current year.

Venture Global Increases Dividend

The firm also recently declared a half year 25 dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 19th were given a dividend of $0.017 per share. This is a positive change from Venture Global’s previous half year 25 dividend of $0.02. This represents a yield of 50.0%. The ex-dividend date of this dividend was Friday, September 19th. Venture Global’s payout ratio is 8.97%.

Institutional Trading of Venture Global

Several institutional investors have recently modified their holdings of VG. Vanguard Group Inc. increased its position in Venture Global by 147.4% during the 3rd quarter. Vanguard Group Inc. now owns 22,862,372 shares of the company’s stock valued at $324,417,000 after purchasing an additional 13,620,863 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Venture Global in the 2nd quarter valued at about $76,489,000. Deutsche Bank AG purchased a new position in shares of Venture Global during the first quarter valued at approximately $37,798,000. Millennium Management LLC bought a new position in shares of Venture Global during the first quarter valued at about $32,099,000. Finally, Tortoise Capital Advisors L.L.C. bought a new position in shares of Venture Global in the first quarter valued at approximately $28,673,000.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Tudor Pickering upgraded shares of Venture Global to a “hold” rating in a research report on Tuesday, September 2nd. Wells Fargo & Company reduced their price target on Venture Global from $14.00 to $11.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 12th. Deutsche Bank Aktiengesellschaft raised Venture Global from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a report on Thursday, August 28th. JPMorgan Chase & Co. raised their price target on Venture Global from $15.00 to $17.00 and gave the stock an “overweight” rating in a research report on Thursday, July 24th. Finally, Mizuho reaffirmed a “neutral” rating and issued a $12.00 price target (down previously from $17.00) on shares of Venture Global in a research note on Friday, October 10th. Eight research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $15.64.

Venture Global Company Profile

Venture Global has fundamentally reshaped the development and construction of liquefied natural gas production, establishing us as a rapidly growing company delivering critical LNG to the world. Our innovative and disruptive approach, which is both scalable and repeatable, allows us to bring LNG to a global market years faster and at a lower cost.