Insider Selling: Venture Global (NYSE:VG) CFO Sells $1,411,109.70 in Stock

by · The Markets Daily

Venture Global, Inc. (NYSE:VG – Get Free Report) CFO Jonathan Thayer sold 111,111 shares of Venture Global stock in a transaction on Tuesday, October 20th. The shares were sold at an average price of $12.70, for a total value of $1,411,109.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Venture Global Trading Down 1.5%

Shares of VG stock traded down $0.19 on Tuesday, reaching $12.62. 14,662,410 shares of the stock were exchanged, compared to its average volume of 17,892,344. The stock has a market cap of $31.54 billion, a PE ratio of 9.93 and a beta of 0.35. Venture Global, Inc. has a one year low of $5.72 and a one year high of $17.62. The company has a debt-to-equity ratio of 3.44, a current ratio of 1.19 and a quick ratio of 1.11. The stock has a 50 day moving average price of $13.87 and a 200 day moving average price of $13.15.

Venture Global (NYSE:VG – Get Free Report) last issued its quarterly earnings results on Monday, August 10th. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.01. The business had revenue of $4.58 billion for the quarter. Venture Global had a return on equity of 34.08% and a net margin of 21.24%. Equities research analysts forecast that Venture Global, Inc. will post 1.75 EPS for the current fiscal year.

Venture Global Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th were paid a $0.04 dividend. This is a boost from Venture Global’s previous quarterly dividend of $0.0180. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $0.16 annualized dividend and a dividend yield of 1.3%. Venture Global’s payout ratio is 12.60%.

Hedge Funds Weigh In On Venture Global

Several institutional investors have recently modified their holdings of VG. Corecam AG acquired a new position in shares of Venture Global in the 2nd quarter valued at approximately $2,401,000. Y Intercept Hong Kong Ltd raised its holdings in Venture Global by 304.4% during the 1st quarter. Y Intercept Hong Kong Ltd now owns 149,214 shares of the company’s stock worth $2,352,000 after buying an additional 112,318 shares during the period. Bleakley Financial Group LLC acquired a new stake in Venture Global during the 1st quarter worth approximately $2,235,000. Artemis Investment Management LLP raised its holdings in Venture Global by 754.3% during the 3rd quarter. Artemis Investment Management LLP now owns 7,143,406 shares of the company’s stock worth $90,293,000 after buying an additional 6,307,200 shares during the period. Finally, Fort Washington Investment Advisors Inc. OH bought a new position in Venture Global in the second quarter valued at approximately $1,446,000.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Sanford C. Bernstein reiterated a “market perform” rating and set a $14.00 price target on shares of Venture Global in a research report on Friday. Scotiabank increased their price objective on shares of Venture Global from $15.00 to $16.00 and gave the company a “sector perform” rating in a report on Thursday, September 10th. Zacks Research lowered shares of Venture Global from a “strong-buy” rating to a “hold” rating in a report on Monday, October 12th. Wells Fargo & Company raised shares of Venture Global from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $15.00 to $21.00 in a research note on Tuesday. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of Venture Global in a report on Friday, October 9th. Nine research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Venture Global has an average rating of “Moderate Buy” and an average price target of $16.53.

Check Out Our Latest Research Report on Venture Global

About Venture Global

(Get Free Report)

Venture Global, Inc (NYSE:VG) is a U.S.-based liquefied natural gas (LNG) company that develops, constructs, owns and operates LNG export facilities. The company sources natural gas, processes it into LNG and exports the product to customers in international energy markets.

Venture Global’s operating and development portfolio is concentrated along the U.S. Gulf Coast, particularly in Louisiana. Its projects include the Calcasieu Pass LNG facility, the Plaquemines LNG facility and additional proposed developments such as CP2 LNG and Delta LNG.

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