Key Points
- Insider sale: Director Thomas Earl sold 1,000,000 shares of Venture Global on Dec. 5 at an average price of $6.89 for $6.89M, and has earlier this year sold additional large blocks (500,000, 840,076 and 159,924 shares) in September at roughly $13.59–$13.74 per share, signaling substantial insider selling.
- Share price and fundamentals: VG shares opened at $6.65 (near a 12‑month low of $6.50), with a market cap of $16.27B, a 50‑day/200‑day moving average of $8.85/$12.57 and a P/E of 8.52.
- Quarterly results and dividend: The company reported EPS of $0.16 (vs. $0.22 expected) and revenue of $3.33B (up 259.5% YoY), and declared a quarterly dividend of $0.017 per share (1.0% yield; ex‑dividend Dec. 15, payable Dec. 31).
Venture Global, Inc. (NYSE:VG - Get Free Report) insider Thomas Earl sold 1,000,000 shares of the firm'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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
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 stock was sold at an average price of $13.74, for a total transaction of $11,542,644.24.
- 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 Stock Up 0.7%
Shares of NYSE VG opened at $6.65 on Wednesday. The company has a current ratio of 0.83, a quick ratio of 0.77 and a debt-to-equity ratio of 3.46. Venture Global, Inc. has a 12-month low of $6.50 and a 12-month high of $25.50. The firm's 50-day moving average price is $8.85 and its 200-day moving average price is $12.57. The stock has a market capitalization of $16.27 billion and a price-to-earnings ratio of 8.52.
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 the consensus estimate of $0.22 by ($0.06). Venture Global had a return on equity of 29.55% and a net margin of 21.99%.The company had revenue of $3.33 billion during the quarter, compared to analysts' expectations of $3.23 billion. The company's quarterly revenue was up 259.5% compared to the same quarter last year. On average, equities research analysts anticipate that Venture Global, Inc. will post 0.52 EPS for the current fiscal year.
Venture Global Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 15th will be issued a dividend of $0.017 per share. This represents a $0.07 annualized dividend and a yield of 1.0%. The ex-dividend date is Monday, December 15th. Venture Global's dividend payout ratio is presently 7.69%.
Analyst Ratings Changes
A number of brokerages recently issued reports on VG. Capital One Financial began coverage on Venture Global in a research report on Tuesday, November 4th. They issued an "equal weight" rating and a $11.00 price target for the company. Zacks Research cut shares of Venture Global from a "hold" rating to a "strong sell" rating in a research note on Friday, November 28th. The Goldman Sachs Group reiterated a "buy" rating and set a $17.50 price target on shares of Venture Global in a report on Monday, November 10th. Weiss Ratings reissued a "sell (d+)" rating on shares of Venture Global in a research note on Monday. Finally, JPMorgan Chase & Co. dropped their target price on Venture Global from $16.00 to $10.00 and set an "overweight" rating for the company in a research report on Wednesday, November 26th. Eight equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $15.00.
Get Our Latest Stock Analysis on VG
Institutional Investors Weigh In On Venture Global
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Cetera Investment Advisers purchased a new stake in Venture Global in the 1st quarter valued at about $635,000. LPL Financial LLC bought a new stake in shares of Venture Global during the first quarter valued at approximately $6,102,000. Federated Hermes Inc. purchased a new stake in shares of Venture Global in the first quarter valued at approximately $74,000. XTX Topco Ltd bought a new position in Venture Global in the first quarter worth approximately $270,000. Finally, PNC Financial Services Group Inc. purchased a new position in Venture Global during the 1st quarter worth $148,000.
Venture Global Company Profile
(
Get Free Report)
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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