Venture Global (NYSE:VG) Reaches New 1-Year Low on Insider Selling

Key Points

• Venture Global hit a new 52-week low of $6.26 after insider Thomas Earl sold 1,000,000 shares at an average price of $6.89 (≈$6.89M); the stock was last around $6.235, down about 5.7% on ~3.88M shares traded.
• Analyst views are mixed — several firms cut price targets (JPMorgan to $10, Citigroup to $9) while others keep buy ratings; MarketBeat's consensus is 'Hold' with an average price target of $15.
• Recent fundamentals show revenue of $3.33B (up 259.5% y/y) but an EPS miss ($0.16 vs. $0.22 est), high leverage (debt/equity 3.46), and a small quarterly dividend of $0.017 (≈1.1% yield).

Venture Global, Inc. (NYSE:VG - Get Free Report)'s share price hit a new 52-week low during trading on Wednesday following insider selling activity. The company traded as low as $6.26 and last traded at $6.2350, with a volume of 3880952 shares traded. The stock had previously closed at $6.63.

Specifically, insider Thomas Earl sold 1,000,000 shares of the business's stock in a transaction on Friday, December 5th. The shares were sold at an average price of $6.89, for a total transaction of $6,890,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Wall Street Analysts Forecast Growth

VG has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. dropped their price target on shares of Venture Global from $16.00 to $10.00 and set an "overweight" rating for the company in a research report on Wednesday, November 26th. Citigroup reduced their price objective on Venture Global from $16.00 to $9.00 and set a "neutral" rating on the stock in a research note on Monday, November 24th. Scotiabank cut their price objective on shares of Venture Global from $13.00 to $12.00 and set a "sector perform" rating on the stock in a research report on Thursday, November 13th. The Goldman Sachs Group reiterated a "buy" rating and issued a $17.50 price target on shares of Venture Global in a report on Monday, November 10th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Venture Global from a "hold" rating to a "buy" rating and set a $17.00 target price on the stock in a research report on Thursday, August 28th. Eight analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Venture Global has a consensus rating of "Hold" and an average price target of $15.00.

Venture Global Stock Down 5.7%

The company has a quick ratio of 0.77, a current ratio of 0.83 and a debt-to-equity ratio of 3.46. The business's 50-day moving average is $8.85 and its two-hundred day moving average is $12.57. The stock has a market capitalization of $15.31 billion and a price-to-earnings ratio of 8.02.

Venture Global (NYSE:VG - Get Free Report) last released its quarterly earnings results on Monday, November 10th. The company reported $0.16 EPS for the quarter, missing analysts' consensus estimates of $0.22 by ($0.06). Venture Global had a return on equity of 29.55% and a net margin of 21.99%.The firm had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.23 billion. The business's revenue for the quarter was up 259.5% compared to the same quarter last year. Equities analysts anticipate that Venture Global, Inc. will post 0.52 EPS for the current year.

Venture Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be given a $0.017 dividend. The ex-dividend date is Monday, December 15th. This represents a $0.07 annualized dividend and a yield of 1.1%. Venture Global's dividend payout ratio is presently 7.69%.

Institutional Investors Weigh In On Venture Global

A number of institutional investors and hedge funds have recently modified their holdings of VG. Benjamin Edwards Inc. bought a new position in shares of Venture Global during the 1st quarter worth about $206,000. Y Intercept Hong Kong Ltd acquired a new stake in Venture Global during the second quarter worth about $3,148,000. Stratos Wealth Partners LTD. acquired a new stake in Venture Global during the second quarter worth about $815,000. Russell Investments Group Ltd. increased its stake in Venture Global by 61.1% during the second quarter. Russell Investments Group Ltd. now owns 616,643 shares of the company's stock valued at $9,607,000 after acquiring an additional 233,978 shares during the period. Finally, Vanguard Group Inc. acquired a new position in Venture Global in the 1st quarter valued at approximately $125,788,000.

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.

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