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

Venture Global, Inc. (NYSE:VG) insider Thomas Earl sold 1,000,000 shares of the company’s stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $11.83, for a total value of $11,830,000.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Venture Global Stock Down 7.8%

Shares of VG stock opened at $11.51 on Tuesday. The stock’s 50 day simple moving average is $9.14 and its 200 day simple moving average is $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, Inc. has a twelve month low of $5.72 and a twelve month high of $19.50. The company has a market capitalization of $28.18 billion, a price-to-earnings ratio of 13.38 and a beta of 5.67.

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

Venture Global Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 16th will be issued a dividend of $0.018 per share. The ex-dividend date of this dividend is Monday, March 16th. This represents a $0.07 annualized dividend and a dividend yield of 0.6%. This is an increase from Venture Global’s previous quarterly dividend of $0.02. Venture Global’s payout ratio is currently 8.14%.

Institutional Trading of Venture Global

A number of hedge funds have recently bought and sold shares of the stock. Royal Bank of Canada acquired a new stake in Venture Global in the 1st quarter worth $2,150,000. Integrated Wealth Concepts LLC acquired a new position in shares of Venture Global during the first quarter valued at about $152,000. NewEdge Advisors LLC acquired a new position in shares of Venture Global during the first quarter valued at about $460,000. Prospera Financial Services Inc bought a new stake in shares of Venture Global in the second quarter valued at about $419,000. Finally, Allworth Financial LP acquired a new stake in Venture Global during the second quarter worth about $63,000.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Wells Fargo & Company lifted their target price on shares of Venture Global from $8.00 to $10.00 and gave the stock an “equal weight” rating in a report on Thursday, March 5th. Weiss Ratings restated a “sell (d+)” rating on shares of Venture Global in a report on Monday, December 29th. Citigroup raised their price target on Venture Global from $9.00 to $12.00 and gave the company a “neutral” rating in a research report on Wednesday, March 4th. New Street Research set a $15.00 price objective on Venture Global in a research note on Tuesday, March 3rd. Finally, Bank of America cut their price objective on 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 research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price 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.