Venture Global (NYSE:VG) CAO Sarah Blake Sells 300,000 Shares

Venture Global, Inc. (NYSE:VG) CAO Sarah Blake sold 300,000 shares of the company’s stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $11.85, for a total value of $3,555,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Sarah Blake also recently made the following trade(s):

• On Monday, March 9th, Sarah Blake sold 30,700 shares of Venture Global stock. The stock was sold at an average price of $13.00, for a total value of $399,100.00.

Venture Global Stock Down 7.8%

Shares of NYSE VG opened at $11.51 on Tuesday. Venture Global, Inc. has a 52-week low of $5.72 and a 52-week high of $19.50. The stock has a market cap of $28.18 billion, a PE ratio of 13.38 and a beta of 5.67. The business has a fifty day moving average of $9.14 and a two-hundred day moving average of $9.66. The company has a debt-to-equity ratio of 3.24, a quick ratio of 0.87 and a current ratio of 0.93.

Venture Global (NYSE:VG) last released its quarterly earnings results on Monday, March 2nd. The company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.06. The firm had revenue of $4.45 billion for the quarter. Venture Global had a net margin of 18.38% and a return on equity of 27.96%. The business’s revenue was up 191.7% compared to the same quarter last year. As a group, equities research analysts expect that Venture Global, Inc. will post 0.52 earnings per share for the current fiscal year.

Venture Global Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th will be paid a $0.018 dividend. This represents a $0.07 dividend on an annualized basis and a dividend yield of 0.6%. This is a boost from Venture Global’s previous quarterly dividend of $0.02. The ex-dividend date is Monday, March 16th. Venture Global’s dividend payout ratio is 8.14%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Vanguard Group Inc. grew its position in shares of Venture Global by 147.4% during 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 period. State Street Corp lifted its holdings in Venture Global by 82.7% in the fourth quarter. State Street Corp now owns 10,812,233 shares of the company’s stock valued at $73,739,000 after buying an additional 4,893,707 shares during the period. UBS Group AG boosted its stake in Venture Global by 520.8% in the fourth 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. Geode Capital Management LLC boosted its stake in Venture Global by 5.7% in the fourth quarter. Geode Capital Management LLC now owns 5,101,668 shares of the company’s stock valued at $34,811,000 after acquiring an additional 273,331 shares during the last quarter. Finally, Cohen & Steers Inc. grew its holdings in Venture Global by 4.6% during the 4th quarter. Cohen & Steers Inc. now owns 4,963,166 shares of the company’s stock worth $33,849,000 after acquiring an additional 219,505 shares during the period.

Analysts Set New Price Targets

Several brokerages recently issued reports on VG. JPMorgan Chase & Co. downgraded shares of Venture Global from an “overweight” rating to a “neutral” rating and upped their price target for the stock from $10.00 to $11.00 in a research report on Tuesday, January 27th. Wells Fargo & Company boosted their target price on shares of Venture Global from $8.00 to $10.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 5th. Zacks Research raised shares of Venture Global from a “strong sell” rating to a “hold” rating in a research note on Friday, February 13th. Citigroup raised their price target on shares of Venture Global from $9.00 to $12.00 and gave the company a “neutral” rating in a report on Wednesday, March 4th. Finally, Bank of America dropped their price objective on shares of Venture Global from $15.00 to $11.00 and set a “buy” rating for the company in a research report on Thursday, December 11th. Seven equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $12.90.

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.