Venture Global (NYSE:VG) CFO Sells $1,578,887.31 in Stock

Venture Global, Inc. (NYSE:VG) CFO Jonathan Thayer sold 111,111 shares of the firm’s stock in a transaction that occurred on Monday, July 20th. The stock was sold at an average price of $14.21, for a total value of $1,578,887.31. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Venture Global Price Performance

Shares of Venture Global stock opened at $13.19 on Friday. The company has a debt-to-equity ratio of 3.40, a current ratio of 0.87 and a quick ratio of 0.80. Venture Global, Inc. has a one year low of $5.72 and a one year high of $17.62. The business’s 50 day simple moving average is $12.42 and its two-hundred day simple moving average is $12.04. The stock has a market capitalization of $32.78 billion, a P/E ratio of 14.66, a price-to-earnings-growth ratio of 0.58 and a beta of 0.33.

Venture Global (NYSE:VG) last released its quarterly earnings data on Monday, May 11th. The company reported $0.19 earnings per share for the quarter, beating 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 firm 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 forecast that Venture Global, Inc. will post 1.51 EPS for the current year.

Venture Global Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were given a dividend of $0.018 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $0.07 annualized dividend and a yield of 0.5%. Venture Global’s dividend payout ratio is presently 7.78%.

Hedge Funds Weigh In On Venture Global

Hedge funds and other institutional investors have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. bought a new stake in Venture Global during the 2nd quarter valued at approximately $26,000. LRI Investments LLC purchased a new position in shares of Venture Global during the 2nd quarter worth approximately $28,000. Blue Trust Inc. raised its position in shares of Venture Global by 1,750.0% in the 4th quarter. Blue Trust Inc. now owns 3,700 shares of the company’s stock worth $25,000 after acquiring an additional 3,500 shares in the last quarter. Harbour Investments Inc. bought a new position in shares of Venture Global in the 4th quarter worth approximately $29,000. Finally, Rockefeller Capital Management L.P. lifted its stake in shares of Venture Global by 218.1% in the 4th quarter. Rockefeller Capital Management L.P. now owns 4,421 shares of the company’s stock valued at $30,000 after purchasing an additional 3,031 shares during the period.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Weiss Ratings cut shares of Venture Global from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, July 20th. Citigroup raised Venture Global from a “neutral” rating to a “buy” rating and raised their target price for the stock from $12.00 to $17.00 in a research note on Wednesday, May 13th. Sanford C. Bernstein started coverage on Venture Global in a report on Tuesday, June 16th. They set a “market perform” rating and a $14.00 price target on the stock. Morgan Stanley upped their price target on Venture Global from $20.00 to $22.00 and gave the company an “overweight” rating in a research report on Wednesday, May 13th. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $16.00 price objective on shares of Venture Global in a research report on Wednesday, May 20th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Venture Global currently has an average rating of “Moderate Buy” and a consensus price target of $16.06.

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.