Fory Musser Sells 233,735 Shares of Venture Global (NYSE:VG) Stock

Venture Global, Inc. (NYSE:VG) VP Fory Musser sold 233,735 shares of the company’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $12.61, for a total transaction of $2,947,398.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Fory Musser also recently made the following trade(s):

• On Tuesday, May 26th, Fory Musser sold 266,265 shares of Venture Global stock. The stock was sold at an average price of $13.09, for a total transaction of $3,485,408.85.
• On Thursday, May 14th, Fory Musser sold 2,000,000 shares of Venture Global stock. The shares were sold at an average price of $13.09, for a total value of $26,180,000.00.
• On Wednesday, March 4th, Fory Musser sold 1,000,000 shares of Venture Global stock. The shares were sold at an average price of $10.90, for a total value of $10,900,000.00.

Venture Global Stock Performance

NYSE VG opened at $12.04 on Friday. The stock has a market capitalization of $29.91 billion, a price-to-earnings ratio of 13.38, a PEG ratio of 0.57 and a beta of 0.44. The stock has a 50-day moving average of $13.66 and a 200 day moving average of $10.36. The company has a current ratio of 0.87, a quick ratio of 0.80 and a debt-to-equity ratio of 3.40. Venture Global, Inc. has a twelve month low of $5.72 and a twelve month high of $19.50.

Venture Global (NYSE:VG) last issued its quarterly earnings data on Monday, May 11th. The company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.12 by $0.07. The company had revenue of $4.60 billion for the quarter. Venture Global had a return on equity of 26.90% and a net margin of 16.94%.Venture Global’s quarterly revenue was up 58.9% compared to the same quarter last year. Sell-side analysts anticipate that Venture Global, Inc. will post 1.39 EPS for the current fiscal year.

Venture Global Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Monday, March 16th were paid a $0.018 dividend. The ex-dividend date of this dividend was Monday, March 16th. This represents a $0.07 dividend on an annualized basis and a yield of 0.6%. This is an increase from Venture Global’s previous quarterly dividend of $0.02. Venture Global’s dividend payout ratio is 7.78%.

Institutional Inflows and Outflows

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

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Scotiabank increased their price objective on shares of Venture Global from $13.00 to $15.00 and gave the company a “sector perform” rating in a report on Wednesday, May 13th. Citigroup raised shares of Venture Global from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $12.00 to $17.00 in a research note on Wednesday, May 13th. Raymond James Financial restated an “outperform” rating and set a $16.00 price target on shares of Venture Global in a research report on Wednesday, May 20th. US Capital Advisors set a $13.00 price target on shares of Venture Global in a research note on Friday. Finally, The Goldman Sachs Group set a $18.00 price objective on Venture Global in a report on Thursday, May 14th. Nine investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $16.25.

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.