Venture Global (NYSE:VG) VP Fory Musser Sells 776,298 Shares

Venture Global, Inc. (NYSE:VG) VP Fory Musser sold 776,298 shares of the company’s stock in a transaction on Monday, November 17th. The stock was sold at an average price of $8.06, for a total transaction of $6,256,961.88. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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

• On Friday, November 14th, Fory Musser sold 223,702 shares of Venture Global stock. The stock was sold at an average price of $8.03, for a total value of $1,796,327.06.

Venture Global Price Performance

NYSE VG traded down $0.21 during mid-day trading on Tuesday, hitting $7.90. The stock had a trading volume of 7,230,055 shares, compared to its average volume of 8,960,685. The company has a 50 day simple moving average of $10.98 and a 200 day simple moving average of $12.88. The company has a market cap of $19.19 billion and a price-to-earnings ratio of 10.27. Venture Global, Inc. has a 52-week low of $6.75 and a 52-week high of $25.50. The company has a quick ratio of 0.77, a current ratio of 0.83 and a debt-to-equity ratio of 3.46.

Venture Global (NYSE:VG) last posted its earnings results on Monday, November 10th. The company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.06). The firm had revenue of $3.33 billion during the quarter, compared to analyst estimates of $3.23 billion. Venture Global had a net margin of 21.99% and a return on equity of 29.55%. Venture Global’s revenue for the quarter was up 259.5% compared to the same quarter last year. Equities analysts forecast that Venture Global, Inc. will post 0.52 EPS for the current fiscal year.

Venture Global Increases Dividend

The firm also recently announced a half year 25 dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 19th were given a dividend of $0.017 per share. The ex-dividend date was Friday, September 19th. This is an increase from Venture Global’s previous half year 25 dividend of $0.02. This represents a yield of 50.0%. Venture Global’s dividend payout ratio (DPR) is presently 8.97%.

Hedge Funds Weigh In On Venture Global

Large investors have recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Venture Global during the 2nd quarter valued at about $26,000. AdvisorNet Financial Inc purchased a new position in Venture Global during the second quarter worth approximately $28,000. MAI Capital Management acquired a new position in shares of Venture Global in the 3rd quarter valued at $29,000. UMB Bank n.a. increased its holdings in shares of Venture Global by 161.2% during the 3rd quarter. UMB Bank n.a. now owns 2,949 shares of the company’s stock worth $42,000 after buying an additional 1,820 shares during the last quarter. Finally, Delos Wealth Advisors LLC purchased a new position in shares of Venture Global in the 2nd quarter worth $45,000.

Wall Street Analyst Weigh In

Several analysts have recently commented on VG shares. Capital One Financial assumed coverage on shares of Venture Global in a research report on Tuesday, November 4th. They issued an “equal weight” rating and a $11.00 price target on the stock. Deutsche Bank Aktiengesellschaft raised Venture Global from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a research note on Thursday, August 28th. Tudor Pickering raised Venture Global to a “hold” rating in a research report on Tuesday, September 2nd. Scotiabank decreased their price objective on Venture Global from $13.00 to $12.00 and set a “sector perform” rating on the stock in a research note on Thursday, November 13th. Finally, Mizuho reissued a “neutral” rating and issued a $12.00 target price (down previously from $17.00) on shares of Venture Global in a research note on Friday, October 10th. Eight equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $15.64.

About Venture Global

Venture Global has fundamentally reshaped the development and construction of liquefied natural gas production, establishing us as a rapidly growing company delivering critical LNG to the world. Our innovative and disruptive approach, which is both scalable and repeatable, allows us to bring LNG to a global market years faster and at a lower cost.