Insider Selling: Venture Global (NYSE:VG) Insider Sells 159,924 Shares of Stock

Key Points

• Insider Selling: Venture Global insider Thomas Earl sold 159,924 shares at an average price of $13.59, totaling approximately $2.17 million, following another sale of 840,076 shares the previous day.
• Dividend Announcement: The company announced a half-year dividend of $0.017 per share, set to be paid on September 30th, representing a yield of 50.0% and an increase from the prior dividend of $0.02.
• Analyst Ratings: Several analysts have upgraded their ratings for Venture Global, with a consensus target price of $17.00 and multiple "Buy" recommendations from investment firms including UBS Group and JPMorgan Chase.

Venture Global, Inc. (NYSE:VG - Get Free Report) insider Thomas Earl sold 159,924 shares of Venture Global stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $13.59, for a total transaction of $2,173,367.16. The transaction was disclosed in a legal filing with the SEC, which can be accessed 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 shares were sold at an average price of $13.69, for a total transaction of $6,845,000.00.
• On Thursday, September 11th, Thomas Earl sold 840,076 shares of Venture Global stock. The shares were sold at an average price of $13.74, for a total transaction of $11,542,644.24.

Venture Global Stock Performance

Shares of NYSE:VG traded down $0.58 during trading on Friday, hitting $13.24. 44,088,861 shares of the stock traded hands, compared to its average volume of 7,352,115. The company has a debt-to-equity ratio of 3.38, a current ratio of 1.39 and a quick ratio of 1.33. The company has a fifty day moving average price of $14.02 and a two-hundred day moving average price of $12.53. 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 announced a half year 25 dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 19th will be given 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 is Friday, September 19th. This represents a dividend yield of 50.0%.

Institutional Investors Weigh In On Venture Global

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Osaic Holdings Inc. boosted its stake in Venture Global by 60.6% during the 2nd quarter. Osaic Holdings Inc. now owns 23,725 shares of the company's stock worth $370,000 after purchasing an additional 8,951 shares during the last quarter. Delos Wealth Advisors LLC purchased a new position in shares of Venture Global during the 2nd quarter worth $45,000. Rafferty Asset Management LLC purchased a new position in shares of Venture Global during the 2nd quarter worth $1,096,000. HRT Financial LP purchased a new position in shares of Venture Global during the 2nd quarter worth $2,588,000. Finally, IHT Wealth Management LLC purchased a new position in shares of Venture Global during the 2nd quarter worth $349,000.

Analyst Ratings Changes

Several brokerages recently commented on VG. Scotiabank boosted their price target on shares of Venture Global from $13.00 to $16.00 and gave the stock a "sector perform" rating in a report on Tuesday, July 15th. Tudor Pickering raised shares of Venture Global to a "hold" rating in a report on Tuesday, September 2nd. JPMorgan Chase & Co. boosted their price target on shares of Venture Global from $15.00 to $17.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. Deutsche Bank Aktiengesellschaft raised shares of Venture Global from a "hold" rating to a "buy" rating and set a $17.00 price target for the company in a report on Thursday, August 28th. Finally, Johnson Rice started coverage on Venture Global in a report on Tuesday, June 17th. They issued a "buy" rating and a $20.00 price objective on the stock. Nine equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, Venture Global currently has an average rating of "Moderate Buy" and a consensus target price of $17.00.

About Venture Global

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.