Venture Global (NYSE:VG) VP Sells $308,622.26 in Stock

Venture Global, Inc. (NYSE:VG) VP Fory Musser sold 22,013 shares of Venture Global stock in a transaction on Monday, August 17th. The stock was sold at an average price of $14.02, for a total value of $308,622.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Friday, August 14th, Fory Musser sold 447,534 shares of Venture Global stock. The shares were sold at an average price of $14.02, for a total value of $6,274,426.68.
• On Tuesday, May 26th, Fory Musser sold 266,265 shares of Venture Global stock. The stock was sold at an average price of $13.09, for a total transaction of $3,485,408.85.
• On Wednesday, May 27th, Fory Musser sold 233,735 shares of Venture Global stock. The shares were sold at an average price of $12.61, for a total transaction of $2,947,398.35.

Venture Global Stock Up 3.4%

Shares of VG traded up $0.47 during trading hours on Tuesday, hitting $14.21. 17,146,945 shares of the company were exchanged, compared to its average volume of 19,029,641. The company has a debt-to-equity ratio of 3.44, a quick ratio of 1.11 and a current ratio of 1.19. The company has a market cap of $35.32 billion, a PE ratio of 11.19, a PEG ratio of 0.59 and a beta of 0.22. The firm’s 50 day moving average is $12.57 and its 200-day moving average is $12.45. Venture Global, Inc. has a 52 week low of $5.72 and a 52 week high of $17.62.

Venture Global (NYSE:VG) last announced its quarterly earnings data on Monday, August 10th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.01. The business had revenue of $4.58 billion for the quarter. Venture Global had a net margin of 21.24% and a return on equity of 34.08%. On average, equities research analysts forecast that Venture Global, Inc. will post 1.59 EPS for the current fiscal year.

Venture Global Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a dividend of $0.04 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $0.16 annualized dividend and a yield of 1.1%. This is a positive change from Venture Global’s previous quarterly dividend of $0.02. Venture Global’s dividend payout ratio (DPR) is currently 12.60%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on VG. Zacks Research downgraded shares of Venture Global from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 12th. Weiss Ratings lowered shares of Venture Global from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, July 20th. JPMorgan Chase & Co. raised shares of Venture Global from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $16.00 to $17.00 in a report on Thursday, June 4th. The Goldman Sachs Group set a $18.00 price objective on Venture Global in a research note on Thursday, May 14th. Finally, Mizuho lifted their target price on Venture Global from $13.00 to $15.00 and gave the stock a “neutral” rating in a report on Wednesday, July 22nd. Nine research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, Venture Global currently has a consensus rating of “Moderate Buy” and a consensus target price of $16.12.

Institutional Investors Weigh In On Venture Global

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. bought a new stake in Venture Global during the 2nd quarter worth $26,000. LRI Investments LLC bought a new stake in shares of Venture Global during the second quarter worth about $28,000. Harbour Investments Inc. bought a new stake in shares of Venture Global during the fourth quarter worth about $29,000. Rockefeller Capital Management L.P. increased its stake in shares of Venture Global by 218.1% in the fourth quarter. Rockefeller Capital Management L.P. now owns 4,421 shares of the company’s stock valued at $30,000 after buying an additional 3,031 shares during the period. Finally, Caitong International Asset Management Co. Ltd raised its holdings in Venture Global by 217.5% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 6,230 shares of the company’s stock valued at $42,000 after buying an additional 4,268 shares during the last quarter.

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.