Venture Global (NYSE:VG) VP Fory Musser Sells 266,265 Shares

Venture Global, Inc. (NYSE:VG) VP Fory Musser sold 266,265 shares of the firm’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $13.09, for a total value of $3,485,408.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Wednesday, May 27th, Fory Musser sold 233,735 shares of Venture Global stock. The stock was sold at an average price of $12.61, for a total value of $2,947,398.35.
• On Thursday, May 14th, Fory Musser sold 2,000,000 shares of Venture Global stock. The stock was sold at an average price of $13.09, for a total value of $26,180,000.00.
• 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 value of $10,900,000.00.

Venture Global Stock Up 1.6%

Shares of Venture Global stock traded up $0.20 during midday trading on Thursday, hitting $12.57. The company’s stock had a trading volume of 9,071,548 shares, compared to its average volume of 21,548,832. The firm has a market capitalization of $31.22 billion, a P/E ratio of 13.96, a PEG ratio of 0.59 and a beta of 0.44. The stock has a 50-day simple moving average of $13.72 and a 200-day simple moving average of $10.32. The company has a quick ratio of 0.80, a current ratio of 0.87 and a debt-to-equity ratio of 3.40. Venture Global, Inc. has a 1-year low of $5.72 and a 1-year high of $19.50.

Venture Global (NYSE:VG) last issued its earnings results on Monday, May 11th. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.12 by $0.07. The business had revenue of $4.60 billion during the quarter. Venture Global had a return on equity of 26.90% and a net margin of 16.94%.The firm’s revenue was up 58.9% compared to the same quarter last year. As a group, sell-side analysts expect that Venture Global, Inc. will post 1.39 earnings per share for the current year.

Venture Global Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Monday, March 16th were given a dividend of $0.018 per share. The ex-dividend date of this dividend was Monday, March 16th. 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 yield of 0.6%. Venture Global’s payout ratio is 7.78%.

Institutional Trading of Venture Global

Institutional investors and hedge funds have recently made changes to their positions in the stock. WINTON GROUP Ltd acquired a new stake in shares of Venture Global in the third quarter worth about $13,632,000. UBS Group AG lifted its position 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 buying an additional 5,268,053 shares during the last quarter. SG Americas Securities LLC lifted its position in shares of Venture Global by 828.3% in the fourth quarter. SG Americas Securities LLC now owns 122,825 shares of the company’s stock worth $838,000 after buying an additional 109,594 shares during the last quarter. CenterBook Partners LP acquired a new stake in shares of Venture Global in the third quarter worth about $2,837,000. Finally, Alps Advisors Inc. acquired a new stake in shares of Venture Global in the third quarter worth about $13,413,000.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on VG. Wall Street Zen raised Venture Global from a “sell” rating to a “hold” rating in a research report on Sunday, March 22nd. UBS Group lifted their price objective on Venture Global from $19.00 to $21.00 and gave the company a “buy” rating in a research report on Wednesday, March 25th. Bank of America lifted their price objective on Venture Global from $13.00 to $16.00 and gave the company a “buy” rating in a research report on Friday, March 20th. JPMorgan Chase & Co. reduced their price objective on Venture Global from $19.00 to $16.00 and set a “neutral” rating for the company in a research report on Tuesday, April 14th. Finally, Citigroup raised Venture Global from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $12.00 to $17.00 in a research report on Wednesday, May 13th. Nine research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $16.47.

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.