Insider Selling: Venture Global (NYSE:VG) CAO Sells $3,555,000.00 in Stock

Venture Global, Inc. (NYSE:VG) CAO Sarah Blake sold 300,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $11.85, for a total transaction of $3,555,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Sarah Blake also recently made the following trade(s):

• On Monday, March 9th, Sarah Blake sold 30,700 shares of Venture Global stock. The shares were sold at an average price of $13.00, for a total value of $399,100.00.

Venture Global Trading Up 9.6%

VG stock opened at $12.50 on Thursday. The company has a quick ratio of 0.87, a current ratio of 0.93 and a debt-to-equity ratio of 3.24. Venture Global, Inc. has a twelve month low of $5.72 and a twelve month high of $19.50. The company has a market cap of $30.60 billion, a P/E ratio of 14.53 and a beta of 5.70. The business has a fifty day moving average of $9.34 and a 200-day moving average of $9.67.

Venture Global (NYSE:VG) last announced its quarterly earnings data on Monday, March 2nd. The company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.06. Venture Global had a return on equity of 27.96% and a net margin of 18.38%.The firm had revenue of $4.45 billion during the quarter. Venture Global’s quarterly revenue was up 191.7% on a year-over-year basis. As a group, equities research analysts expect that Venture Global, Inc. will post 0.52 EPS for the current year.

Venture Global Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th will be issued a dividend of $0.018 per share. The ex-dividend date of this dividend is Monday, March 16th. This represents a $0.07 dividend on an annualized basis and a yield of 0.6%. This is a boost from Venture Global’s previous quarterly dividend of $0.02. Venture Global’s dividend payout ratio (DPR) is presently 8.14%.

Institutional Investors Weigh In On Venture Global

Several institutional investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada acquired a new position in Venture Global in the 1st quarter worth $2,150,000. Integrated Wealth Concepts LLC acquired a new position in shares of Venture Global during the first quarter worth about $152,000. NewEdge Advisors LLC bought a new position in shares of Venture Global during the first quarter worth about $460,000. Prospera Financial Services Inc acquired a new stake in Venture Global in the 2nd quarter valued at approximately $419,000. Finally, Allworth Financial LP bought a new stake in Venture Global in the 2nd quarter valued at approximately $63,000.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. US Capital Advisors raised Venture Global to a “moderate sell” rating in a research note on Monday, December 15th. JPMorgan Chase & Co. cut Venture Global from an “overweight” rating to a “neutral” rating and raised their target price for the stock from $10.00 to $11.00 in a report on Tuesday, January 27th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $11.00 price target on shares of Venture Global in a research note on Wednesday, January 28th. Bank of America reduced their price objective on shares of Venture Global from $15.00 to $11.00 and set a “buy” rating on the stock in a research note on Thursday, December 11th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Venture Global in a report on Monday, December 29th. Seven analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Venture Global has a consensus rating of “Hold” and an average price target of $12.90.

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.