Insider Selling: Venture Global (NYSE:VG) COO Sells $457,270.30 in Stock

Venture Global, Inc. (NYSE:VG) COO Brian Cothran sold 31,910 shares of the company’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $14.33, for a total transaction of $457,270.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Brian Cothran also recently made the following trade(s):

• On Tuesday, May 19th, Brian Cothran sold 473,533 shares of Venture Global stock. The shares were sold at an average price of $14.81, for a total transaction of $7,013,023.73.
• On Wednesday, May 20th, Brian Cothran sold 120,623 shares of Venture Global stock. The shares were sold at an average price of $14.55, for a total transaction of $1,755,064.65.

Venture Global Stock Performance

NYSE:VG opened at $13.84 on Friday. 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 firm has a 50-day moving average of $13.70 and a two-hundred day moving average of $10.19. The stock has a market cap of $34.39 billion, a P/E ratio of 15.38, a PEG ratio of 0.63 and a beta of 0.44. Venture Global, Inc. has a 1-year low of $5.72 and a 1-year 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, 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 company had revenue of $4.60 billion during the quarter. Venture Global’s quarterly revenue was up 58.9% on a year-over-year basis. On average, research analysts expect that Venture Global, Inc. will post 1.39 earnings per share for the current fiscal year.

Venture Global Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th were issued a $0.018 dividend. This is an increase from Venture Global’s previous quarterly dividend of $0.02. This represents a $0.07 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Monday, March 16th. Venture Global’s dividend payout ratio is 7.78%.

Wall Street Analyst Weigh In

VG has been the subject of a number of analyst reports. Scotiabank boosted their price objective on Venture Global from $13.00 to $15.00 and gave the company a “sector perform” rating in a research report on Wednesday, May 13th. Mizuho upped their price target on shares of Venture Global from $12.00 to $13.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Wells Fargo & Company upped their price target on shares of Venture Global from $10.00 to $14.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 25th. JPMorgan Chase & Co. lowered their price target on shares of Venture Global from $19.00 to $16.00 and set a “neutral” rating for the company in a research report on Tuesday, April 14th. Finally, The Goldman Sachs Group set a $18.00 price target on shares of Venture Global in a research note on Thursday, May 14th. Nine research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $16.47.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Royal Bank of Canada acquired a new stake in shares of Venture Global in the 1st quarter valued at $2,150,000. Integrated Wealth Concepts LLC bought a new position in Venture Global in the 1st quarter worth $152,000. NewEdge Advisors LLC bought a new position in Venture Global in the 1st quarter worth $460,000. Northwestern Mutual Wealth Management Co. bought a new position in Venture Global in the 2nd quarter worth $26,000. Finally, Amundi bought a new position in Venture Global in the 2nd quarter worth $213,000.

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.