Insider Selling: Venture Global (NYSE:VG) VP Sells 42,901 Shares of Stock

Venture Global, Inc. (NYSE:VG) VP Fory Musser sold 42,901 shares of the firm’s stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $7.80, for a total transaction of $334,627.80. 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, November 19th, Fory Musser sold 188,337 shares of Venture Global stock. The stock was sold at an average price of $7.80, for a total value of $1,469,028.60.
• On Tuesday, November 18th, Fory Musser sold 768,762 shares of Venture Global stock. The stock was sold at an average price of $8.01, for a total value of $6,157,783.62.
• On Friday, November 14th, Fory Musser sold 223,702 shares of Venture Global stock. The shares were sold at an average price of $8.03, for a total value of $1,796,327.06.
• 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 value of $6,256,961.88.

Venture Global Price Performance

NYSE VG traded down $0.60 during trading hours on Thursday, hitting $7.18. The company had a trading volume of 9,802,956 shares, compared to its average volume of 7,806,592. Venture Global, Inc. has a 52 week low of $6.75 and a 52 week high of $25.50. The firm has a 50 day simple moving average of $10.72 and a 200 day simple moving average of $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. The firm has a market capitalization of $17.42 billion and a price-to-earnings ratio of 9.20.

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

Venture Global Increases Dividend

The company also recently announced a half year 25 dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 19th were issued a dividend of $0.017 per share. 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. This represents a yield of 50.0%. Venture Global’s payout ratio is currently 8.97%.

Hedge Funds Weigh In On Venture Global

A number of large investors have recently modified their holdings of the company. Benjamin Edwards Inc. bought a new position in Venture Global during the first quarter valued at approximately $206,000. Burkehill Global Management LP bought a new stake in shares of Venture Global in the 1st quarter worth approximately $10,300,000. Y Intercept Hong Kong Ltd purchased a new stake in shares of Venture Global in the 2nd quarter valued at $3,148,000. Stratos Wealth Partners LTD. purchased a new stake in shares of Venture Global in the 2nd quarter valued at $815,000. Finally, Vanguard Group Inc. bought a new position in shares of Venture Global during the 1st quarter valued at $125,788,000.

Analyst Upgrades and Downgrades

Several research analysts have commented on VG shares. Deutsche Bank Aktiengesellschaft raised shares of Venture Global from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a report on Thursday, August 28th. Scotiabank lowered their price objective on Venture Global from $13.00 to $12.00 and set a “sector perform” rating on the stock in a research report on Thursday, November 13th. Wells Fargo & Company reduced their target price on Venture Global from $14.00 to $11.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 12th. The Goldman Sachs Group restated a “buy” rating and set a $17.50 target price on shares of Venture Global in a research report on Monday, November 10th. Finally, JPMorgan Chase & Co. raised their price target on Venture Global from $15.00 to $17.00 and gave the company an “overweight” rating in a report on Thursday, July 24th. Eight analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average 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.