Insider Selling: Venture Global (NYSE:VG) VP Sells $26,180,000.00 in Stock

Venture Global, Inc. (NYSE:VG) VP Fory Musser sold 2,000,000 shares of Venture Global stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $13.09, for a total transaction of $26,180,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Wednesday, March 4th, Fory Musser sold 1,000,000 shares of Venture Global stock. The stock was sold at an average price of $10.90, for a total transaction of $10,900,000.00.

Venture Global Trading Up 0.4%

NYSE:VG opened at $14.28 on Monday. The company has a current ratio of 0.87, a quick ratio of 0.80 and a debt-to-equity ratio of 3.40. The stock has a market capitalization of $35.10 billion, a PE ratio of 15.87, a price-to-earnings-growth ratio of 0.65 and a beta of 0.44. The firm’s 50 day moving average is $13.50 and its 200 day moving average is $10.02. Venture Global, Inc. has a 12 month low of $5.72 and a 12 month high of $19.50.

Venture Global (NYSE:VG) last posted its quarterly earnings results 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 for the quarter. Venture Global had a net margin of 16.94% and a return on equity of 26.90%. The firm’s revenue was up 58.9% on a year-over-year basis. Sell-side analysts expect that Venture Global, Inc. will post 1.38 earnings per share for the current year.

Venture Global Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on VG shares. Mizuho increased their target price on shares of Venture Global from $12.00 to $13.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Raymond James Financial reiterated an “outperform” rating and set a $13.00 target price on shares of Venture Global in a research report on Thursday, March 5th. Wells Fargo & Company increased their target price on shares of Venture Global from $10.00 to $14.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 25th. Zacks Research raised shares of Venture Global from a “strong sell” rating to a “hold” rating in a report on Friday, February 13th. Finally, Weiss Ratings raised shares of Venture Global from a “sell (d+)” rating to a “hold (c)” rating in a report on Friday, May 8th. Nine research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $16.27.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Venture Global by 147.4% in the third quarter. Vanguard Group Inc. now owns 22,862,372 shares of the company’s stock worth $324,417,000 after purchasing an additional 13,620,863 shares during the period. State Street Corp increased its holdings in shares of Venture Global by 82.7% in the fourth quarter. State Street Corp now owns 10,812,233 shares of the company’s stock worth $73,739,000 after purchasing an additional 4,893,707 shares during the period. UBS Group AG increased its holdings in shares of Venture Global by 520.8% in the fourth quarter. UBS Group AG now owns 6,279,598 shares of the company’s stock worth $42,827,000 after purchasing an additional 5,268,053 shares during the period. Geode Capital Management LLC increased its holdings in shares of Venture Global by 5.7% in the fourth quarter. Geode Capital Management LLC now owns 5,101,668 shares of the company’s stock worth $34,811,000 after purchasing an additional 273,331 shares during the period. Finally, Cohen & Steers Inc. increased its holdings in shares of Venture Global by 4.6% in the fourth quarter. Cohen & Steers Inc. now owns 4,963,166 shares of the company’s stock worth $33,849,000 after purchasing an additional 219,505 shares during the period.

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.