Venture Global (NYSE:VG) CFO Jonathan Thayer Sells 111,111 Shares

Venture Global, Inc. (NYSE:VG) CFO Jonathan Thayer sold 111,111 shares of the stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $14.27, for a total transaction of $1,585,553.97. The sale was disclosed in a filing with the SEC, which is available at this link.

Venture Global Price Performance

NYSE VG traded up $0.64 on Tuesday, reaching $14.81. 17,471,903 shares of the company’s stock traded hands, compared to its average volume of 21,971,107. Venture Global, Inc. has a 12 month low of $5.72 and a 12 month 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. The stock has a 50-day simple moving average of $13.54 and a 200 day simple moving average of $10.05. The stock has a market cap of $36.38 billion, a PE ratio of 16.45, a P/E/G ratio of 0.65 and a beta of 0.44.

Venture Global (NYSE:VG) last issued its quarterly earnings results on Monday, May 11th. The company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.07. Venture Global had a net margin of 16.94% and a return on equity of 26.90%. The business had revenue of $4.60 billion for the quarter. The company’s quarterly revenue was up 58.9% compared to the same quarter last year. As a group, research analysts predict that Venture Global, Inc. will post 1.38 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. Stockholders of record on Monday, March 16th were issued a $0.018 dividend. This is a positive change from Venture Global’s previous quarterly dividend of $0.02. This represents a $0.07 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Monday, March 16th. Venture Global’s dividend payout ratio (DPR) is 7.78%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Citigroup upgraded shares of Venture Global from a “neutral” rating to a “buy” rating and raised their target price for the stock from $12.00 to $17.00 in a report on Wednesday, May 13th. Weiss Ratings upgraded shares of Venture Global from a “sell (d+)” rating to a “hold (c)” rating in a report on Friday, May 8th. The Goldman Sachs Group set a $18.00 target price on shares of Venture Global in a report on Thursday, May 14th. Scotiabank raised their target price on shares of Venture Global from $13.00 to $15.00 and gave the stock a “sector perform” rating in a report on Wednesday, May 13th. Finally, Royal Bank Of Canada raised their target price on shares of Venture Global from $14.00 to $16.00 and gave the stock an “outperform” rating in a report on Friday, April 17th. Nine research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $16.27.

Institutional Trading of Venture Global

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Kestra Private Wealth Services LLC lifted its stake in Venture Global by 8.8% in the first quarter. Kestra Private Wealth Services LLC now owns 12,429 shares of the company’s stock worth $196,000 after acquiring an additional 1,004 shares during the period. Summit Financial Wealth Advisors LLC lifted its stake in Venture Global by 8.8% in the fourth quarter. Summit Financial Wealth Advisors LLC now owns 14,336 shares of the company’s stock worth $98,000 after acquiring an additional 1,161 shares during the period. Federation des caisses Desjardins du Quebec lifted its stake in Venture Global by 11.0% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 12,254 shares of the company’s stock worth $84,000 after acquiring an additional 1,215 shares during the period. CWM LLC lifted its stake in Venture Global by 24.1% in the fourth quarter. CWM LLC now owns 7,014 shares of the company’s stock worth $48,000 after acquiring an additional 1,363 shares during the period. Finally, Wells Fargo & Company MN raised its position in shares of Venture Global by 1.5% in the 4th quarter. Wells Fargo & Company MN now owns 93,615 shares of the company’s stock worth $638,000 after purchasing an additional 1,407 shares during the last quarter.

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.