Insider Selling: Venture Global (NYSE:VG) VP Sells 223,702 Shares of Stock

Venture Global, Inc. (NYSE:VG) VP Fory Musser sold 223,702 shares of the company’s stock in a transaction on Friday, November 14th. The shares were sold at an average price of $8.03, for a total transaction of $1,796,327.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Monday, November 17th, Fory Musser sold 776,298 shares of Venture Global stock. The stock was sold at an average price of $8.06, for a total transaction of $6,256,961.88.

Venture Global Trading Down 2.6%

NYSE VG traded down $0.21 during trading on Tuesday, hitting $7.90. 7,230,055 shares of the company’s stock traded hands, compared to its average volume of 8,960,685. The stock has a fifty day moving average of $10.98 and a two-hundred day moving average of $12.88. Venture Global, Inc. has a 12-month low of $6.75 and a 12-month high of $25.50. The firm has a market cap of $19.19 billion and a P/E ratio of 10.13. The company has a debt-to-equity ratio of 3.46, a current ratio of 0.83 and a quick ratio of 0.77.

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

Venture Global Increases Dividend

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

Analyst Upgrades and Downgrades

VG has been the topic of several analyst reports. Mizuho reaffirmed a “neutral” rating and issued a $12.00 target price (down from $17.00) on shares of Venture Global in a research note on Friday, October 10th. Scotiabank lowered their price objective on shares of Venture Global from $13.00 to $12.00 and set a “sector perform” rating for the company in a research note on Thursday, November 13th. Tudor Pickering upgraded shares of Venture Global to a “hold” rating in a report on Tuesday, September 2nd. UBS Group raised shares of Venture Global from a “neutral” rating to a “buy” rating and set a $18.00 target price on the stock in a research note on Monday, August 25th. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $17.50 price target on shares of Venture Global in a research report on Monday, November 10th. Eight equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Venture Global has an average rating of “Hold” and a consensus target price of $15.64.

Hedge Funds Weigh In On Venture Global

A number of hedge funds have recently bought and sold shares of the business. American Financial Group Inc. boosted its holdings in shares of Venture Global by 14.3% during the 3rd quarter. American Financial Group Inc. now owns 12,000 shares of the company’s stock valued at $170,000 after acquiring an additional 1,500 shares during the last quarter. Northwestern Mutual Wealth Management Co. bought a new position in Venture Global during the second quarter valued at approximately $26,000. UMB Bank n.a. boosted its holdings in Venture Global by 161.2% in the third quarter. UMB Bank n.a. now owns 2,949 shares of the company’s stock worth $42,000 after purchasing an additional 1,820 shares during the last quarter. AdvisorNet Financial Inc bought a new stake in Venture Global in the 2nd quarter worth approximately $28,000. Finally, Future Financial Wealth Managment LLC raised its stake in Venture Global by 66.7% during the 3rd quarter. Future Financial Wealth Managment LLC now owns 5,000 shares of the company’s stock valued at $71,000 after buying an additional 2,000 shares during the last quarter.

About Venture Global

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.