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

Venture Global, Inc. (NYSE:VG) CFO Jonathan Thayer sold 111,111 shares of the stock in a transaction dated Tuesday, October 20th. The stock was sold at an average price of $12.70, for a total transaction of $1,411,109.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Venture Global Trading Down 1.5%

Shares of NYSE VG opened at $12.62 on Wednesday. Venture Global, Inc. has a 1 year low of $5.72 and a 1 year high of $17.62. The stock has a market cap of $31.54 billion, a P/E ratio of 10.09 and a beta of 0.35. The firm has a 50-day moving average of $13.86 and a 200 day moving average of $13.13. The company has a debt-to-equity ratio of 3.44, a current ratio of 1.19 and a quick ratio of 1.11.

Venture Global (NYSE:VG) last posted its quarterly earnings data on Monday, August 10th. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.50 by $0.01. The business had revenue of $4.58 billion for the quarter. Venture Global had a net margin of 21.24% and a return on equity of 34.08%. As a group, sell-side analysts expect that Venture Global, Inc. will post 1.75 EPS for the current fiscal year.

Venture Global Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th were issued a dividend of $0.04 per share. The ex-dividend date was Tuesday, September 15th. This is a positive change from Venture Global’s previous quarterly dividend of $0.0180. This represents a $0.16 annualized dividend and a dividend yield of 1.3%. Venture Global’s dividend payout ratio (DPR) is 12.60%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in VG. Artemis Investment Management LLP increased its position in shares of Venture Global by 754.3% during the third quarter. Artemis Investment Management LLP now owns 7,143,406 shares of the company’s stock valued at $90,293,000 after acquiring an additional 6,307,200 shares in the last quarter. Bank of America Corp DE raised its holdings in 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 worth $65,789,000 after acquiring an additional 2,402,771 shares during the last quarter. Catalyst Capital Advisors LLC lifted its position in Venture Global by 1.7% in the 1st quarter. Catalyst Capital Advisors LLC now owns 2,918,823 shares of the company’s stock valued at $46,001,000 after acquiring an additional 47,425 shares in the last quarter. Renaissance Technologies LLC lifted its position in Venture Global by 104.6% in the 1st quarter. Renaissance Technologies LLC now owns 2,046,840 shares of the company’s stock valued at $32,258,000 after acquiring an additional 1,046,300 shares in the last quarter. Finally, Rubric Capital Management LP bought a new position in Venture Global in the 1st quarter valued at approximately $23,640,000.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on VG. Scotiabank upped their price target on Venture Global from $15.00 to $16.00 and gave the stock a “sector perform” rating in a research note on Thursday, September 10th. Weiss Ratings raised Venture Global from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, September 28th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Venture Global in a research note on Wednesday, October 7th. Mizuho lifted their price objective on Venture Global from $13.00 to $15.00 and gave the company a “neutral” rating in a research note on Wednesday, July 22nd. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of Venture Global in a report on Friday, October 9th. Nine equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $16.53.

About Venture Global

Venture Global, Inc (NYSE:VG) is a U.S.-based liquefied natural gas (LNG) company that develops, constructs, owns and operates LNG export facilities. The company sources natural gas, processes it into LNG and exports the product to customers in international energy markets.

Venture Global’s operating and development portfolio is concentrated along the U.S. Gulf Coast, particularly in Louisiana. Its projects include the Calcasieu Pass LNG facility, the Plaquemines LNG facility and additional proposed developments such as CP2 LNG and Delta LNG.