Sarah Blake Sells 30,700 Shares of Venture Global (NYSE:VG) Stock

Venture Global, Inc. (NYSE:VG) CAO Sarah Blake sold 30,700 shares of the firm’s stock in a transaction on Monday, March 9th. The stock was sold at an average price of $13.00, for a total value of $399,100.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 stock was sold at an average price of $11.85, for a total transaction of $3,555,000.00.

Venture Global Stock Performance

Venture Global stock traded down $0.97 on Monday, hitting $11.51. The company’s stock had a trading volume of 30,945,846 shares, compared to its average volume of 14,989,354. Venture Global, Inc. has a one year low of $5.72 and a one year high of $19.50. The firm has a market cap of $28.18 billion, a P/E ratio of 13.38 and a beta of 5.70. The company has a quick ratio of 0.87, a current ratio of 0.93 and a debt-to-equity ratio of 3.24. The company has a fifty day moving average price of $9.05 and a 200-day moving average price of $9.66.

Venture Global (NYSE:VG) last released 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. The company had revenue of $4.45 billion during the quarter. Venture Global had a net margin of 18.38% and a return on equity of 27.96%. The firm’s revenue for the quarter was up 191.7% on a year-over-year basis. On average, equities analysts anticipate that Venture Global, Inc. will post 0.52 earnings per share for the current year.

Venture Global Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th will be paid a dividend of $0.018 per share. 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%. The ex-dividend date is Monday, March 16th. Venture Global’s dividend payout ratio is 8.14%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of VG. Vanguard Group Inc. grew its position in Venture Global by 147.4% during the 3rd quarter. Vanguard Group Inc. now owns 22,862,372 shares of the company’s stock worth $324,417,000 after acquiring an additional 13,620,863 shares during the last quarter. State Street Corp raised its position in Venture Global by 82.7% in the 4th quarter. State Street Corp now owns 10,812,233 shares of the company’s stock valued at $73,739,000 after purchasing an additional 4,893,707 shares during the last quarter. UBS Group AG raised its position in Venture Global by 520.8% in the 4th quarter. UBS Group AG now owns 6,279,598 shares of the company’s stock valued at $42,827,000 after purchasing an additional 5,268,053 shares during the last quarter. Geode Capital Management LLC boosted its stake in Venture Global by 5.7% in the fourth quarter. Geode Capital Management LLC now owns 5,101,668 shares of the company’s stock worth $34,811,000 after purchasing an additional 273,331 shares in the last quarter. Finally, Cohen & Steers Inc. grew its holdings in shares of Venture Global by 4.6% during the fourth quarter. Cohen & Steers Inc. now owns 4,963,166 shares of the company’s stock worth $33,849,000 after purchasing an additional 219,505 shares during the last quarter.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on VG. Morgan Stanley began coverage on Venture Global in a report on Tuesday, February 24th. They issued an “underweight” rating and a $8.00 target price for the company. UBS Group lowered their price target on Venture Global from $18.00 to $16.00 and set a “buy” rating on the stock in a research report on Thursday, January 22nd. Royal Bank Of Canada reiterated an “outperform” rating and set a $11.00 price objective on shares of Venture Global in a research note on Wednesday, January 28th. The Goldman Sachs Group reissued a “buy” rating on shares of Venture Global in a report on Tuesday, March 3rd. Finally, Scotiabank set a $9.00 target price on shares of Venture Global in a report on Friday, January 16th. Eight equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $13.34.

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.