Jonathan Thayer Sells 111,111 Shares of Venture Global (NYSE:VG) Stock

Venture Global, Inc. (NYSE:VG) CFO Jonathan Thayer sold 111,111 shares of Venture Global stock in a transaction on Monday, July 20th. The shares were sold at an average price of $14.21, for a total value of $1,578,887.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Venture Global Price Performance

VG stock opened at $13.07 on Thursday. The company has a debt-to-equity ratio of 3.40, a current ratio of 0.87 and a quick ratio of 0.80. The firm has a market capitalization of $32.48 billion, a P/E ratio of 14.53, a P/E/G ratio of 0.49 and a beta of 0.33. The business’s 50-day moving average is $12.43 and its two-hundred day moving average is $12.00. Venture Global, Inc. has a 1 year low of $5.72 and a 1 year high of $17.62.

Venture Global (NYSE:VG) last announced its quarterly earnings data on Monday, May 11th. The company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.07. Venture Global had a return on equity of 26.90% and a net margin of 16.94%.The business had revenue of $4.60 billion during the quarter. Venture Global’s revenue was up 58.9% compared to the same quarter last year. Analysts anticipate that Venture Global, Inc. will post 1.46 earnings per share for the current fiscal year.

Venture Global Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were issued a $0.018 dividend. This represents a $0.07 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Monday, June 15th. Venture Global’s dividend payout ratio (DPR) is presently 7.78%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Kestra Private Wealth Services LLC lifted its position in Venture Global by 8.8% in the first quarter. Kestra Private Wealth Services LLC now owns 12,429 shares of the company’s stock valued at $196,000 after acquiring an additional 1,004 shares during the last quarter. Summit Financial Wealth Advisors LLC grew its holdings in shares of Venture Global by 8.8% during the fourth quarter. Summit Financial Wealth Advisors LLC now owns 14,336 shares of the company’s stock worth $98,000 after purchasing an additional 1,161 shares during the last quarter. Federation des caisses Desjardins du Quebec increased its position in shares of Venture Global by 11.0% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 12,254 shares of the company’s stock worth $84,000 after purchasing an additional 1,215 shares in the last quarter. CWM LLC increased its position in shares of Venture Global by 24.1% during the fourth quarter. CWM LLC now owns 7,014 shares of the company’s stock worth $48,000 after purchasing an additional 1,363 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in shares of Venture Global by 1.5% in the 4th quarter. Wells Fargo & Company MN now owns 93,615 shares of the company’s stock valued at $638,000 after purchasing an additional 1,407 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Sanford C. Bernstein initiated coverage on shares of Venture Global in a research note on Tuesday, June 16th. They set a “market perform” rating and a $14.00 target price for the company. Citigroup upgraded Venture Global from a “neutral” rating to a “buy” rating and raised their price target for the company from $12.00 to $17.00 in a research note on Wednesday, May 13th. Zacks Research raised Venture Global from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 14th. The Goldman Sachs Group set a $18.00 price objective on Venture Global in a research report on Thursday, May 14th. Finally, Morgan Stanley increased their price objective on Venture Global from $20.00 to $22.00 and gave the company an “overweight” rating in a report on Wednesday, May 13th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $16.06.

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.