Fory Musser Sells 266,265 Shares of Venture Global (NYSE:VG) Stock

Venture Global, Inc. (NYSE:VG) VP Fory Musser sold 266,265 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $13.09, for a total transaction of $3,485,408.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Wednesday, May 27th, Fory Musser sold 233,735 shares of Venture Global stock. The stock was sold at an average price of $12.61, for a total transaction of $2,947,398.35.
• On Thursday, May 14th, Fory Musser sold 2,000,000 shares of Venture Global stock. The stock was sold at an average price of $13.09, for a total transaction 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 transaction of $10,900,000.00.

Venture Global Price Performance

VG opened at $12.04 on Friday. Venture Global, Inc. has a 12-month low of $5.72 and a 12-month high of $19.50. The company has a quick ratio of 0.80, a current ratio of 0.87 and a debt-to-equity ratio of 3.40. The firm has a market capitalization of $29.91 billion, a P/E ratio of 13.38, a PEG ratio of 0.57 and a beta of 0.44. The stock has a fifty day moving average of $13.66 and a 200-day moving average of $10.36.

Venture Global (NYSE:VG) last posted its quarterly earnings results on Monday, May 11th. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.07. The firm 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 revenue for the quarter was up 58.9% compared to the same quarter last year. Equities analysts forecast that Venture Global, Inc. will post 1.39 EPS for the current fiscal year.

Venture Global Increases Dividend

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

Analyst Upgrades and Downgrades

Several analysts recently commented on VG shares. Wells Fargo & Company raised their price target on shares of Venture Global from $10.00 to $14.00 and gave the stock an “equal weight” rating in a report on Wednesday, March 25th. Bank of America upped their price objective on shares of Venture Global from $13.00 to $16.00 and gave the company a “buy” rating in a research note on Friday, March 20th. Zacks Research raised shares of Venture Global from a “strong sell” rating to a “hold” rating in a research note on Friday, February 13th. US Capital Advisors set a $13.00 price target on shares of Venture Global in a report on Friday. 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 equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $16.25.

Institutional Investors Weigh In On Venture Global

Several large investors have recently made changes to their positions in VG. Blue Trust Inc. raised its position in Venture Global by 1,750.0% during the fourth quarter. Blue Trust Inc. now owns 3,700 shares of the company’s stock valued at $25,000 after acquiring an additional 3,500 shares in the last quarter. Northwestern Mutual Wealth Management Co. bought a new stake in Venture Global in the second quarter worth approximately $26,000. MAI Capital Management bought a new stake in Venture Global in the third quarter worth approximately $29,000. Harbour Investments Inc. acquired a new position in shares of Venture Global during the 4th quarter worth $29,000. Finally, Rockefeller Capital Management L.P. increased its stake in shares of Venture Global by 218.1% during the 4th quarter. Rockefeller Capital Management L.P. now owns 4,421 shares of the company’s stock worth $30,000 after purchasing an additional 3,031 shares during the last quarter.

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.