Insider Selling: Venture Global (NYSE:VG) CAO Sells $399,100.00 in Stock

Venture Global, Inc. (NYSE:VG) CAO Sarah Blake sold 30,700 shares of Venture Global stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $13.00, for a total transaction of $399,100.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

• On Thursday, March 5th, Sarah Blake sold 300,000 shares of Venture Global stock. The stock was sold at an average price of $11.85, for a total value of $3,555,000.00.

Venture Global Trading Up 9.6%

VG stock opened at $12.50 on Thursday. The business has a fifty day moving average price of $9.34 and a 200 day moving average price of $9.67. Venture Global, Inc. has a fifty-two week low of $5.72 and a fifty-two week high of $19.50. The stock has a market capitalization of $30.60 billion, a price-to-earnings ratio of 14.53 and a beta of 5.70. The company has a debt-to-equity ratio of 3.24, a current ratio of 0.93 and a quick ratio of 0.87.

Venture Global (NYSE:VG) last issued its quarterly earnings data on Monday, March 2nd. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.06. The firm had revenue of $4.45 billion during the quarter. Venture Global had a return on equity of 27.96% and a net margin of 18.38%.The company’s revenue for the quarter was up 191.7% on a year-over-year basis. Analysts expect that Venture Global, Inc. will post 0.52 EPS 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 is a positive change from Venture Global’s previous quarterly dividend of $0.02. This represents a $0.07 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Monday, March 16th. Venture Global’s dividend payout ratio (DPR) is presently 8.14%.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Weiss Ratings restated a “sell (d+)” rating on shares of Venture Global in a research report on Monday, December 29th. UBS Group reduced their target price on shares of Venture Global from $18.00 to $16.00 and set a “buy” rating on the stock in a research report on Thursday, January 22nd. Scotiabank set a $9.00 price target on shares of Venture Global in a research note on Friday, January 16th. Wells Fargo & Company raised their price target on shares of Venture Global from $8.00 to $10.00 and gave the company an “equal weight” rating in a report on Thursday, March 5th. Finally, US Capital Advisors upgraded shares of Venture Global to a “moderate sell” rating in a research report on Monday, December 15th. Seven research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $12.90.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Blue Trust Inc. increased its holdings in Venture Global by 1,750.0% in the fourth quarter. Blue Trust Inc. now owns 3,700 shares of the company’s stock valued at $25,000 after purchasing an additional 3,500 shares during the last quarter. Northwestern Mutual Wealth Management Co. acquired a new position in Venture Global in the second quarter valued at about $26,000. MAI Capital Management bought a new position in Venture Global during the third quarter worth about $29,000. Harbour Investments Inc. bought a new position in Venture Global during the fourth quarter worth about $29,000. Finally, UMB Bank n.a. grew its position in shares of Venture Global by 161.2% during the 3rd quarter. UMB Bank n.a. now owns 2,949 shares of the company’s stock worth $42,000 after buying an additional 1,820 shares during the period.

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.