Venture Global (NYSE:VG) CFO Jonathan Thayer Sells 611,112 Shares

Venture Global, Inc. (NYSE:VGGet Free Report) CFO Jonathan Thayer sold 611,112 shares of the firm’s stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $14.04, for a total transaction of $8,580,012.48. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Venture Global Stock Performance

Shares of VG stock opened at $14.30 on Friday. Venture Global, Inc. has a 12 month low of $5.72 and a 12 month high of $19.50. The company’s fifty day simple moving average is $10.11 and its 200-day simple moving average is $9.70. The firm has a market cap of $35.01 billion, a PE ratio of 16.63 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.

Venture Global (NYSE:VGGet Free Report) last released its earnings results on Monday, March 2nd. The company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.06. Venture Global had a net margin of 18.38% and a return on equity of 27.96%. The business had revenue of $4.45 billion during the quarter. The firm’s quarterly revenue was up 191.7% compared to the same quarter last year. Equities research analysts expect that Venture Global, Inc. will post 0.52 EPS for the current fiscal year.

Venture Global Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th will be issued a $0.018 dividend. This represents a $0.07 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Monday, March 16th. This is a positive change from Venture Global’s previous quarterly dividend of $0.02. Venture Global’s dividend payout ratio is 8.14%.

Institutional Trading of Venture Global

A number of hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in shares of 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. UBS Group AG lifted its holdings in Venture Global by 520.8% during 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. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Venture Global during the 2nd quarter valued at $76,489,000. State Street Corp boosted its position in Venture Global by 82.7% during the fourth quarter. State Street Corp now owns 10,812,233 shares of the company’s stock worth $73,739,000 after purchasing an additional 4,893,707 shares during the period. Finally, Millennium Management LLC increased its holdings in shares of Venture Global by 258.1% in the fourth quarter. Millennium Management LLC now owns 3,248,477 shares of the company’s stock valued at $22,155,000 after purchasing an additional 2,341,253 shares during the last quarter.

Analysts Set New Price Targets

Several brokerages recently commented on VG. US Capital Advisors upgraded Venture Global to a “moderate sell” rating in a research note on Monday, December 15th. JPMorgan Chase & Co. cut Venture Global from an “overweight” rating to a “neutral” rating and upped their price objective for the stock from $10.00 to $11.00 in a research note on Tuesday, January 27th. Morgan Stanley initiated coverage on Venture Global in a report on Tuesday, February 24th. They issued an “underweight” rating and a $8.00 price objective for the company. Scotiabank raised their target price on shares of Venture Global from $9.00 to $11.00 and gave the company a “sector perform” rating in a research note on Tuesday. Finally, Zacks Research raised shares of Venture Global from a “strong sell” rating to a “hold” rating in a research report on Friday, February 13th. Seven equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Venture Global presently has an average rating of “Hold” and a consensus target price of $13.23.

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Venture Global Company Profile

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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.

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