Insider Selling: Venture Global (NYSE:VG) COO Sells 31,910 Shares of Stock

Venture Global, Inc. (NYSE:VG) COO Brian Cothran sold 31,910 shares of Venture Global stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $14.33, for a total transaction of $457,270.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Brian Cothran also recently made the following trade(s):

• On Tuesday, May 19th, Brian Cothran sold 473,533 shares of Venture Global stock. The shares were sold at an average price of $14.81, for a total transaction of $7,013,023.73.
• On Wednesday, May 20th, Brian Cothran sold 120,623 shares of Venture Global stock. The shares were sold at an average price of $14.55, for a total transaction of $1,755,064.65.

Venture Global Trading Down 3.2%

NYSE:VG traded down $0.45 during trading hours on Thursday, hitting $13.58. The company had a trading volume of 17,748,643 shares, compared to its average volume of 21,926,365. The company has a market capitalization of $33.36 billion, a PE ratio of 15.08, a price-to-earnings-growth ratio of 0.68 and a beta of 0.44. The stock has a 50-day moving average price of $13.63 and a 200 day moving average price of $10.13. Venture Global, Inc. has a 52 week low of $5.72 and a 52 week high of $19.50. 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 (NYSE:VG) last released its quarterly earnings results on Monday, May 11th. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.07. The business had revenue of $4.60 billion for the quarter. Venture Global had a net margin of 16.94% and a return on equity of 26.90%. The company’s quarterly revenue was up 58.9% compared to the same quarter last year. On average, equities research analysts predict that Venture Global, Inc. will post 1.38 EPS for the current fiscal year.

Venture Global Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th were issued a dividend of $0.018 per share. This is a boost from Venture Global’s previous quarterly dividend of $0.02. The ex-dividend date was Monday, March 16th. This represents a $0.07 dividend on an annualized basis and a dividend yield of 0.5%. Venture Global’s dividend payout ratio (DPR) is presently 7.78%.

Hedge Funds Weigh In On Venture Global

Large investors have recently modified their holdings of the stock. Royal Bank of Canada purchased a new position in Venture Global in the 1st quarter worth about $2,150,000. Integrated Wealth Concepts LLC purchased a new position in Venture Global in the 1st quarter worth about $152,000. NewEdge Advisors LLC purchased a new position in Venture Global in the 1st quarter worth about $460,000. Northwestern Mutual Wealth Management Co. purchased a new position in Venture Global in the 2nd quarter worth about $26,000. Finally, Amundi purchased a new position in Venture Global in the 2nd quarter worth about $213,000.

Analyst Ratings Changes

A number of analysts have recently commented on VG shares. Wells Fargo & Company boosted their target price on shares of Venture Global from $10.00 to $14.00 and gave the company an “equal weight” rating in a report on Wednesday, March 25th. The Goldman Sachs Group set a $18.00 target price on shares of Venture Global in a report on Thursday, May 14th. UBS Group boosted their target price on shares of Venture Global from $19.00 to $21.00 and gave the company a “buy” rating in a report on Wednesday, March 25th. Mizuho boosted their target price on shares of Venture Global from $12.00 to $13.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Finally, Citigroup upgraded shares of Venture Global from a “neutral” rating to a “buy” rating and boosted their target price for the company from $12.00 to $17.00 in a report on Wednesday, May 13th. Nine investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $16.47.

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.