Thomas Earl Sells 840,076 Shares of Venture Global (NYSE:VG) Stock

Key Points

• Insider Selling: Thomas Earl, an insider at Venture Global, sold 840,076 shares of stock for approximately $11.54 million at an average price of $13.74 per share.
• Dividend Increase: Venture Global recently announced an increase in its half-year dividend to $0.017 per share, resulting in a 50.0% yield, with payments scheduled for September 30th.
• Analyst Upgrades: Multiple analysts have raised their price targets for Venture Global, with Bank of America setting a new target at $18.50 and a consensus rating of "Moderate Buy" with a target price of $17.00.

Venture Global, Inc. (NYSE:VG - Get Free Report) insider Thomas Earl sold 840,076 shares of the firm's stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $13.74, for a total transaction of $11,542,644.24. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• On Monday, September 15th, Thomas Earl sold 500,000 shares of Venture Global stock. The stock was sold at an average price of $13.69, for a total transaction of $6,845,000.00.
• On Friday, September 12th, Thomas Earl sold 159,924 shares of Venture Global stock. The stock was sold at an average price of $13.59, for a total transaction of $2,173,367.16.

Venture Global Trading Down 4.3%

Shares of VG traded down $0.60 during mid-day trading on Friday, reaching $13.24. 49,645,038 shares of the company's stock were exchanged, compared to its average volume of 6,362,893. The company has a current ratio of 1.39, a quick ratio of 1.33 and a debt-to-equity ratio of 3.38. The company has a 50-day simple moving average of $13.93 and a two-hundred day simple moving average of $12.52. Venture Global, Inc. has a 52-week low of $6.75 and a 52-week high of $25.50.

Venture Global Increases Dividend

The firm also recently disclosed a half year 25 dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 19th will be paid a dividend of $0.017 per share. This is a positive change from Venture Global's previous half year 25 dividend of $0.02. The ex-dividend date of this dividend is Friday, September 19th. This represents a dividend yield of 50.0%.

Analysts Set New Price Targets

Several research firms have commented on VG. UBS Group raised shares of Venture Global from a "neutral" rating to a "buy" rating and set a $18.00 target price for the company in a research note on Monday, August 25th. Bank of America lifted their target price on shares of Venture Global from $12.00 to $18.50 and gave the stock a "buy" rating in a research note on Wednesday, June 25th. JPMorgan Chase & Co. lifted their target price on shares of Venture Global from $15.00 to $17.00 and gave the stock an "overweight" rating in a research note on Thursday, July 24th. Wall Street Zen raised shares of Venture Global from a "sell" rating to a "hold" rating in a research note on Saturday, June 28th. Finally, Johnson Rice began coverage on shares of Venture Global in a research note on Tuesday, June 17th. They issued a "buy" rating and a $20.00 target price for the company. Nine investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $17.00.

Hedge Funds Weigh In On Venture Global

A number of institutional investors have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. acquired a new position in Venture Global in the 2nd quarter worth $26,000. AdvisorNet Financial Inc acquired a new position in Venture Global in the 2nd quarter worth $28,000. Center for Financial Planning Inc. lifted its holdings in Venture Global by 60.2% in the 2nd quarter. Center for Financial Planning Inc. now owns 5,792 shares of the company's stock worth $90,000 after buying an additional 2,176 shares in the last quarter. Delos Wealth Advisors LLC acquired a new position in Venture Global in the 2nd quarter worth $45,000. Finally, Future Financial Wealth Managment LLC acquired a new position in Venture Global in the 2nd quarter worth $47,000.

Venture Global Company Profile

Venture Global has fundamentally reshaped the development and construction of liquefied natural gas production, establishing us as a rapidly growing company delivering critical LNG to the world. Our innovative and disruptive approach, which is both scalable and repeatable, allows us to bring LNG to a global market years faster and at a lower cost.