Venture Global (NYSE:VG) VP Fory Musser Sells 233,735 Shares

Venture Global, Inc. (NYSE:VG) VP Fory Musser sold 233,735 shares of the stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $12.61, for a total value of $2,947,398.35. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Fory Musser also recently made the following trade(s):

• On Tuesday, May 26th, Fory Musser sold 266,265 shares of Venture Global stock. The stock was sold at an average price of $13.09, for a total value of $3,485,408.85.
• On Thursday, May 14th, Fory Musser sold 2,000,000 shares of Venture Global stock. The stock was sold at an average price of $13.09, for a total value of $26,180,000.00.
• On Wednesday, March 4th, Fory Musser sold 1,000,000 shares of Venture Global stock. The stock was sold at an average price of $10.90, for a total value of $10,900,000.00.

Venture Global Stock Performance

NYSE VG opened at $12.57 on Friday. The stock has a market cap of $31.22 billion, a PE ratio of 13.96, a P/E/G ratio of 0.56 and a beta of 0.44. The company has a current ratio of 0.87, a quick ratio of 0.80 and a debt-to-equity ratio of 3.40. Venture Global, Inc. has a twelve month low of $5.72 and a twelve month high of $19.50. The stock has a fifty day simple moving average of $13.71 and a 200-day simple moving average of $10.35.

Venture Global (NYSE:VG) last released its quarterly earnings results on Monday, May 11th. The company reported $0.19 earnings per share for the quarter, topping 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 business had revenue of $4.60 billion during the quarter. The company’s revenue was up 58.9% on a year-over-year basis. Equities analysts anticipate that Venture Global, Inc. will post 1.39 earnings per share for the current year.

Venture Global Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Monday, March 16th were paid a dividend of $0.018 per share. This represents a $0.07 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was 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 currently 7.78%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Zacks Research raised Venture Global from a “strong sell” rating to a “hold” rating in a research note on Friday, February 13th. The Goldman Sachs Group set a $18.00 target price on Venture Global in a research note on Thursday, May 14th. JPMorgan Chase & Co. decreased their target price on Venture Global from $19.00 to $16.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 14th. Wall Street Zen upgraded Venture Global from a “sell” rating to a “hold” rating in a report on Sunday, March 22nd. Finally, Raymond James Financial restated an “outperform” rating and set a $16.00 price target on shares of Venture Global in a report on Wednesday, May 20th. Nine analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $16.47.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Bank of America Corp DE increased its holdings in shares of Venture Global by 135.6% in the 1st quarter. Bank of America Corp DE now owns 4,174,444 shares of the company’s stock valued at $65,789,000 after acquiring an additional 2,402,771 shares during the last quarter. Anson Funds Management LP purchased a new position in Venture Global during the 1st quarter worth approximately $394,000. Arkadios Wealth Advisors grew its stake in Venture Global by 28.7% during the 1st quarter. Arkadios Wealth Advisors now owns 229,767 shares of the company’s stock worth $3,621,000 after buying an additional 51,225 shares during the last quarter. Royal Bank of Canada grew its stake in Venture Global by 2.5% during the 1st quarter. Royal Bank of Canada now owns 78,310 shares of the company’s stock worth $1,235,000 after buying an additional 1,893 shares during the last quarter. Finally, Rubric Capital Management LP purchased a new position in Venture Global during the 1st quarter worth approximately $23,640,000.

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.