Sarah Blake Sells 200,000 Shares of Venture Global (NYSE:VG) Stock

Venture Global, Inc. (NYSE:VG) CAO Sarah Blake sold 200,000 shares of the firm’s stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $16.00, for a total value of $3,200,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

• On Thursday, March 12th, Sarah Blake sold 119,300 shares of Venture Global stock. The stock was sold at an average price of $13.01, for a total value of $1,552,093.00.
• On Thursday, March 5th, Sarah Blake sold 300,000 shares of Venture Global stock. The stock was sold at an average price of $11.85, for a total value of $3,555,000.00.
• On Monday, March 9th, Sarah Blake sold 30,700 shares of Venture Global stock. The shares were sold at an average price of $13.00, for a total value of $399,100.00.

Venture Global Trading Up 9.6%

Shares of VG stock opened at $15.67 on Friday. Venture Global, Inc. has a 1-year low of $5.72 and a 1-year high of $19.50. The company has a market cap of $38.36 billion, a price-to-earnings ratio of 18.22 and a beta of 5.70. The company has a debt-to-equity ratio of 3.24, a current ratio of 0.93 and a quick ratio of 0.87. The stock has a 50 day simple moving average of $10.28 and a 200-day simple moving average of $9.72.

Venture Global (NYSE:VG) last released its quarterly earnings results on Monday, March 2nd. The company reported $0.41 earnings per share (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%. Venture Global’s quarterly revenue was up 191.7% on a year-over-year basis. On average, equities research analysts expect that Venture Global, Inc. will post 0.52 EPS for the current fiscal year.

Venture Global Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th will be given a $0.018 dividend. This represents a $0.07 annualized dividend and a dividend yield of 0.5%. This is a positive change from Venture Global’s previous quarterly dividend of $0.02. The ex-dividend date is Monday, March 16th. Venture Global’s dividend payout ratio (DPR) is 8.14%.

Analysts Set New Price Targets

VG has been the topic of a number of research reports. Wall Street Zen lowered shares of Venture Global from a “hold” rating to a “sell” rating in a research note on Saturday, March 14th. Weiss Ratings raised Venture Global from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday. Citigroup raised their target price on Venture Global from $9.00 to $12.00 and gave the company a “neutral” rating in a research report on Wednesday, March 4th. Zacks Research raised Venture Global from a “strong sell” rating to a “hold” rating in a research note on Friday, February 13th. Finally, Scotiabank boosted their price target on Venture Global from $9.00 to $11.00 and gave the stock a “sector perform” rating in a research report on Tuesday. Seven research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Venture Global has an average rating of “Hold” and an average target price of $13.57.

Key Venture Global News

Here are the key news stories impacting Venture Global this week:

• Positive Sentiment: Geopolitical supply shock: reports that Iran strikes may shut a material portion of Qatar’s LNG capacity boosted expectations for tighter global LNG supply — a direct tailwind for U.S. exporters like Venture Global. Cheniere, Venture Global shares surge amid Iran attacks on Qatar LNG infrastructure
• Positive Sentiment: Analyst upgrade and price target lift: Bank of America raised its price target to $16 and maintains a Buy rating, helping lift sentiment and broker-driven flows. Benzinga
• Positive Sentiment: Large financing reported: coverage that Venture Global secured an ~ $8.6B financing package supports project funding and reduces near‑term capital risk — a major positive for execution of expansion projects. Venture Global (VG) Stock Jumps 14.5% Following Massive $8.6B Financing Deal
• Positive Sentiment: Analyst/market momentum: several upgrades and coverage pieces drove an intraday rally and raised short‑term interest in the name. Venture Global (NYSE:VG) Shares Up 7.3% Following Analyst Upgrade
• Neutral Sentiment: Research caution: some outlets note the recent large moves on heavy volume and warn that earnings/estimate revisions could limit further upside near term. Venture Global (VG) Soars 14.5%: Is Further Upside Left in the Stock?
• Negative Sentiment: Heavy insider selling: multiple SEC filings show CAO Sarah Blake and CFO Jonathan Thayer (and other executives) sold large blocks of stock March 18–19 (sales in the millions to tens of millions of dollars), which can create selling pressure and raise investor questions about timing and insider conviction. Sarah Blake Sells 200,000 Shares Top Executives Quietly Unload Massive Blocks SEC filing (Thayer sale)

Hedge Funds Weigh In On Venture Global

A number of institutional investors have recently added to or reduced their stakes in the stock. Quotient Wealth Partners LLC purchased a new position in Venture Global during the third quarter worth about $3,641,000. WINTON GROUP Ltd purchased a new stake in shares of Venture Global in the 3rd quarter valued at approximately $13,632,000. Russell Investments Group Ltd. grew its stake in shares of Venture Global by 61.1% in the 2nd quarter. Russell Investments Group Ltd. now owns 616,643 shares of the company’s stock valued at $9,607,000 after buying an additional 233,978 shares during the period. Ausbil Investment Management Ltd acquired a new stake in shares of Venture Global during the 3rd quarter worth approximately $4,706,000. Finally, Exchange Traded Concepts LLC raised its position in shares of Venture Global by 223.7% during the 3rd quarter. Exchange Traded Concepts LLC now owns 562,760 shares of the company’s stock valued at $7,986,000 after buying an additional 388,892 shares during the period.

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.