Thomas Earl Sells 1,000,000 Shares of Venture Global (NYSE:VG) Stock

Venture Global, Inc. (NYSE:VG) insider Thomas Earl sold 1,000,000 shares of the company’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $12.44, for a total value of $12,440,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Thomas Earl also recently made the following trade(s):

• On Monday, March 9th, Thomas Earl sold 1,000,000 shares of Venture Global stock. The stock was sold at an average price of $11.83, for a total value of $11,830,000.00.

Venture Global Stock Down 4.0%

VG stock opened at $12.04 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 stock has a market capitalization of $29.91 billion, a P/E ratio of 13.38, a P/E/G ratio of 0.57 and a beta of 0.44. The business has a 50-day moving average of $13.66 and a 200-day moving average of $10.36. Venture Global, Inc. has a fifty-two week low of $5.72 and a fifty-two week 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, topping the consensus estimate of $0.12 by $0.07. The company had revenue of $4.60 billion during the quarter. Venture Global had a return on equity of 26.90% and a net margin of 16.94%.The firm’s quarterly revenue was up 58.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Venture Global, Inc. will post 1.39 earnings per share for the current fiscal year.

Venture Global Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th were given a dividend of $0.018 per share. 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%. The ex-dividend date of this dividend was Monday, March 16th. Venture Global’s payout ratio is currently 7.78%.

Analyst Ratings Changes

Several research analysts have recently weighed in on VG shares. Wells Fargo & Company upped their price objective on Venture Global from $10.00 to $14.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 25th. US Capital Advisors set a $13.00 target price on Venture Global in a report on Friday. JPMorgan Chase & Co. dropped their target price on Venture Global from $19.00 to $16.00 and set a “neutral” rating on the stock in a report on Tuesday, April 14th. Weiss Ratings upgraded Venture Global from a “sell (d+)” rating to a “hold (c)” rating in a report on Friday, May 8th. Finally, Zacks Research upgraded Venture Global from a “strong sell” rating to a “hold” rating in a report on Friday, February 13th. Nine analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $16.25.

Institutional Trading of Venture Global

Several institutional investors and hedge funds have recently bought and sold shares of VG. Royal Bank of Canada bought a new stake in Venture Global during the first quarter worth about $2,150,000. Integrated Wealth Concepts LLC bought a new stake in Venture Global in the first quarter valued at approximately $152,000. NewEdge Advisors LLC bought a new stake in Venture Global in the first quarter valued at approximately $460,000. Northwestern Mutual Wealth Management Co. bought a new stake in Venture Global in the second quarter valued at approximately $26,000. Finally, Amundi bought a new stake in Venture Global in the second quarter valued at approximately $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.