Venture Global (NYSE:VG) Insider Sells $12,440,000.00 in Stock

Key Points

• Insider selling: Venture Global insider Thomas Earl sold 1,000,000 shares on May 27 at an average price of $12.44, totaling about $12.44 million. He also sold 1,000,000 shares in March for about $11.83 million.
• Strong quarterly results: The company reported EPS of $0.19, beating estimates of $0.12, while revenue rose 58.9% year over year to $4.60 billion. Venture Global also posted a 26.90% return on equity and a 16.94% net margin.
• Analysts remain constructive: Several firms raised price targets, and the stock currently carries a consensus rating of Moderate Buy with an average target price of $16.47. Institutional ownership also appears strong, with major holders like Vanguard, State Street, and UBS increasing positions.

Venture Global, Inc. (NYSE:VG - Get Free Report) insider Thomas Earl sold 1,000,000 shares of Venture Global stock in a transaction on 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 filing with the SEC, which is available at the SEC website.

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 shares were sold at an average price of $11.83, for a total value of $11,830,000.00.

Venture Global Stock Performance

Venture Global stock traded up $0.20 during midday trading on Thursday, reaching $12.57. The stock had a trading volume of 9,071,548 shares, compared to its average volume of 21,548,832. Venture Global, Inc. has a 12 month low of $5.72 and a 12 month high of $19.50. The firm's 50-day moving average price is $13.72 and its 200 day moving average price is $10.32. The firm has a market capitalization of $31.22 billion, a PE ratio of 13.96, a P/E/G ratio of 0.59 and a beta of 0.44. The company has a quick ratio of 0.80, a current ratio of 0.87 and a debt-to-equity ratio of 3.40.

Venture Global (NYSE:VG - Get Free Report) last announced its quarterly earnings data on Monday, May 11th. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.12 by $0.07. Venture Global had a return on equity of 26.90% and a net margin of 16.94%.The business had revenue of $4.60 billion for the quarter. The business's quarterly revenue was up 58.9% on a year-over-year basis. As a group, research analysts predict 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. Investors of record on Monday, March 16th were paid a $0.018 dividend. The ex-dividend date was Monday, March 16th. This represents a $0.07 dividend on an annualized basis and a yield of 0.6%. This is an increase from Venture Global's previous quarterly dividend of $0.02. Venture Global's dividend payout ratio (DPR) is presently 7.78%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Wells Fargo & Company boosted their price objective on Venture Global from $10.00 to $14.00 and gave the company an "equal weight" rating in a research note on Wednesday, March 25th. Mizuho boosted their price objective on Venture Global from $12.00 to $13.00 and gave the company a "neutral" rating in a research note on Thursday, May 7th. Royal Bank Of Canada boosted their price objective on Venture Global from $14.00 to $16.00 and gave the company an "outperform" rating in a research note on Friday, April 17th. Weiss Ratings upgraded Venture Global from a "sell (d+)" rating to a "hold (c)" rating in a research note on Friday, May 8th. Finally, Bank of America lifted their target price on Venture Global from $13.00 to $16.00 and gave the company a "buy" rating in a report on Friday, March 20th. Nine investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $16.47.

Institutional Investors Weigh In On Venture Global

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. raised its position in shares of Venture Global by 147.4% in the third 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 in the last quarter. State Street Corp raised its position in shares of Venture Global by 82.7% in the fourth quarter. State Street Corp now owns 10,812,233 shares of the company's stock worth $73,739,000 after buying an additional 4,893,707 shares in the last quarter. UBS Group AG raised its position in shares of Venture Global by 520.8% in the fourth quarter. UBS Group AG now owns 6,279,598 shares of the company's stock worth $42,827,000 after buying an additional 5,268,053 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Venture Global by 5.7% during the fourth quarter. Geode Capital Management LLC now owns 5,101,668 shares of the company's stock worth $34,811,000 after purchasing an additional 273,331 shares in the last quarter. Finally, Cohen & Steers Inc. increased its position in shares of Venture Global by 4.6% in the fourth quarter. Cohen & Steers Inc. now owns 4,963,166 shares of the company's stock worth $33,849,000 after purchasing an additional 219,505 shares during the last quarter.

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.

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