Venture Global (NYSE:VG) Insider Sells $11,830,000.00 in Stock

Venture Global, Inc. (NYSE:VG) insider Thomas Earl sold 1,000,000 shares of the business’s stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $11.83, for a total value of $11,830,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Venture Global Stock Performance

NYSE:VG opened at $12.50 on Thursday. The company has a current ratio of 0.93, a quick ratio of 0.87 and a debt-to-equity ratio of 3.24. Venture Global, Inc. has a 12-month low of $5.72 and a 12-month high of $19.50. The stock has a 50-day moving average price of $9.34 and a 200 day moving average price of $9.67. The stock has a market capitalization of $30.60 billion, a P/E ratio of 14.53 and a beta of 5.70.

Venture Global (NYSE:VG) last issued its earnings results on Monday, March 2nd. The company reported $0.41 earnings per share (EPS) for the quarter, beating 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 company had revenue of $4.45 billion for the quarter. Venture Global’s revenue was up 191.7% on a year-over-year basis. Equities research analysts forecast that Venture Global, Inc. will post 0.52 EPS for the current fiscal year.

Venture Global Increases Dividend

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

Hedge Funds Weigh In On Venture Global

Several institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in shares of Venture Global by 147.4% in the 3rd quarter. Vanguard Group Inc. now owns 22,862,372 shares of the company’s stock worth $324,417,000 after buying an additional 13,620,863 shares during the last quarter. UBS Group AG lifted its holdings in shares of Venture Global by 520.8% in the 4th quarter. UBS Group AG now owns 6,279,598 shares of the company’s stock valued at $42,827,000 after acquiring an additional 5,268,053 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Venture Global in the 2nd quarter valued at about $76,489,000. State Street Corp grew its position in Venture Global by 82.7% in the fourth quarter. State Street Corp now owns 10,812,233 shares of the company’s stock worth $73,739,000 after acquiring an additional 4,893,707 shares in the last quarter. Finally, Millennium Management LLC grew its position in Venture Global by 258.1% in the fourth quarter. Millennium Management LLC now owns 3,248,477 shares of the company’s stock worth $22,155,000 after acquiring an additional 2,341,253 shares in the last quarter.

Analyst Ratings Changes

Several equities analysts recently weighed in on VG shares. Morgan Stanley assumed coverage on shares of Venture Global in a research note on Tuesday, February 24th. They set an “underweight” rating and a $8.00 target price for the company. Zacks Research upgraded shares of Venture Global from a “strong sell” rating to a “hold” rating in a research note on Friday, February 13th. Royal Bank Of Canada reissued an “outperform” rating and set a $11.00 price objective on shares of Venture Global in a report on Wednesday, January 28th. Raymond James Financial reaffirmed an “outperform” rating and issued a $13.00 target price on shares of Venture Global in a report on Thursday, March 5th. Finally, Bank of America decreased their target price on Venture Global from $15.00 to $11.00 and set a “buy” rating on the stock in a research report on Thursday, December 11th. Seven research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Venture Global presently has an average rating of “Hold” and a consensus price target of $12.90.

Venture Global Company Profile

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.