Venture Global (NYSE:VG) CAO Sells $1,552,093.00 in Stock

Venture Global, Inc. (NYSE:VG) CAO Sarah Blake sold 119,300 shares of the stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $13.01, for a total transaction of $1,552,093.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Sarah Blake also recently made the following trade(s):

• On Thursday, March 5th, Sarah Blake sold 300,000 shares of Venture Global stock. The shares were sold at an average price of $11.85, for a total transaction of $3,555,000.00.
• On Monday, March 9th, Sarah Blake sold 30,700 shares of Venture Global stock. The stock was sold at an average price of $13.00, for a total transaction of $399,100.00.

Venture Global Stock Up 2.6%

NYSE VG traded up $0.33 during trading hours on Thursday, hitting $12.79. The company had a trading volume of 23,794,968 shares, compared to its average volume of 15,489,543. The firm’s 50 day moving average is $9.34 and its 200 day moving average is $9.67. The company has a debt-to-equity ratio of 3.24, a current ratio of 0.93 and a quick ratio of 0.87. Venture Global, Inc. has a fifty-two week low of $5.72 and a fifty-two week high of $19.50. The company has a market capitalization of $31.30 billion, a price-to-earnings ratio of 14.87 and a beta of 5.70.

Venture Global (NYSE:VG) last issued its quarterly earnings data on Monday, March 2nd. The company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.06. Venture Global had a return on equity of 27.96% and a net margin of 18.38%.The company had revenue of $4.45 billion for the quarter. The business’s revenue was up 191.7% compared to the same quarter last year. Sell-side analysts anticipate that Venture Global, Inc. will post 0.52 earnings per share for the current fiscal year.

Venture Global Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 16th will be given a dividend of $0.018 per share. This is a boost from Venture Global’s previous quarterly dividend of $0.02. The ex-dividend date of this dividend is Monday, March 16th. This represents a $0.07 annualized dividend and a yield of 0.6%. Venture Global’s dividend payout ratio is presently 8.14%.

Hedge Funds Weigh In On Venture Global

A number of hedge funds have recently bought and sold shares of the company. Blue Trust Inc. increased its holdings in Venture Global by 1,750.0% in the fourth quarter. Blue Trust Inc. now owns 3,700 shares of the company’s stock valued at $25,000 after buying an additional 3,500 shares during the last quarter. Northwestern Mutual Wealth Management Co. bought a new position in Venture Global during the 2nd quarter worth approximately $26,000. MAI Capital Management bought a new position in Venture Global during the 3rd quarter worth approximately $29,000. Harbour Investments Inc. acquired a new position in shares of Venture Global in the 4th quarter worth approximately $29,000. Finally, UMB Bank n.a. increased its holdings in shares of Venture Global by 161.2% in the 3rd quarter. UMB Bank n.a. now owns 2,949 shares of the company’s stock valued at $42,000 after acquiring an additional 1,820 shares during the last quarter.

Analysts Set New Price Targets

VG has been the subject of several recent research reports. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $11.00 price objective on shares of Venture Global in a research report on Wednesday, January 28th. Zacks Research raised shares of Venture Global from a “strong sell” rating to a “hold” rating in a research report on Friday, February 13th. Scotiabank set a $9.00 target price on shares of Venture Global in a research note on Friday, January 16th. Citigroup raised their price target on shares of Venture Global from $9.00 to $12.00 and gave the company a “neutral” rating in a report on Wednesday, March 4th. Finally, UBS Group dropped their price target on shares of Venture Global from $18.00 to $16.00 and set a “buy” rating on the stock in a research note on Thursday, January 22nd. Seven investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $12.90.

Venture Global Company Profile

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.