Venture Global (NYSE:VG) Insider Thomas Earl Sells 1,000,000 Shares

Venture Global, Inc. (NYSE:VG) insider Thomas Earl sold 1,000,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $12.44, for a total transaction of $12,440,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Thomas Earl also recently made the following trade(s):

• On Monday, March 9th, Thomas Earl sold 1,000,000 shares of Venture Global stock. The stock was sold at an average price of $11.83, for a total transaction of $11,830,000.00.

Venture Global Price Performance

Shares of VG stock traded up $0.20 during trading on Thursday, hitting $12.57. The company had a trading volume of 9,071,548 shares, compared to its average volume of 21,548,832. The company has a quick ratio of 0.80, a current ratio of 0.87 and a debt-to-equity ratio of 3.40. The stock’s 50-day moving average is $13.72 and its two-hundred day moving average is $10.32. The stock has a market capitalization of $31.22 billion, a price-to-earnings ratio of 13.96, a price-to-earnings-growth ratio of 0.59 and a beta of 0.44. Venture Global, Inc. has a 52 week low of $5.72 and a 52 week high of $19.50.

Venture Global (NYSE:VG) last posted its quarterly earnings data on Monday, May 11th. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.07. The company 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 business’s revenue for the quarter was up 58.9% compared to the same quarter last year. As a group, analysts predict that Venture Global, Inc. will post 1.39 EPS for the current fiscal year.

Venture Global Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Monday, March 16th were given a $0.018 dividend. This represents a $0.07 annualized dividend and a dividend yield of 0.6%. This is a positive change from Venture Global’s previous quarterly dividend of $0.02. The ex-dividend date was Monday, March 16th. Venture Global’s dividend payout ratio (DPR) is currently 7.78%.

Analyst Ratings Changes

VG has been the subject of several research reports. Zacks Research raised Venture Global from a “strong sell” rating to a “hold” rating in a research note on Friday, February 13th. Wells Fargo & Company upped their target price on Venture Global from $10.00 to $14.00 and gave the stock an “equal weight” rating in a research note on Wednesday, March 25th. Raymond James Financial reaffirmed an “outperform” rating and issued a $16.00 target price on shares of Venture Global in a research note on Wednesday, May 20th. Bank of America upped their target price on Venture Global from $13.00 to $16.00 and gave the stock a “buy” rating in a research note on Friday, March 20th. Finally, Weiss Ratings raised Venture Global from a “sell (d+)” rating to a “hold (c)” rating in a research note on Friday, May 8th. Nine research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat, Venture Global presently has a consensus rating of “Moderate Buy” and an average price target of $16.47.

Institutional Trading of Venture Global

A number of institutional investors have recently made changes to their positions in VG. Vanguard Group Inc. boosted its stake in shares of Venture Global by 147.4% during the third quarter. Vanguard Group Inc. now owns 22,862,372 shares of the company’s stock valued at $324,417,000 after purchasing an additional 13,620,863 shares during the period. UBS Group AG boosted its stake in shares of Venture Global by 520.8% during the fourth 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 period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Venture Global during the second quarter valued at approximately $76,489,000. State Street Corp boosted its stake in shares of Venture Global by 82.7% during the fourth 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 period. Finally, Bank of America Corp DE boosted its stake in shares of Venture Global by 135.6% during the first quarter. Bank of America Corp DE now owns 4,174,444 shares of the company’s stock valued at $65,789,000 after purchasing an additional 2,402,771 shares during the period.

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.