Key Points
- CAO Sarah Blake sold 119,300 shares of Venture Global on March 12 at $13.01 for $1,552,093, bringing her total insider sales this month to 450,000 shares—about $5.51 million.
- Venture Global beat quarterly EPS estimates ($0.41 vs. $0.35) and reported revenue of $4.45B (up 191.7% YoY), announced a quarterly dividend of $0.018 payable March 31 (ex-dividend March 16), and its shares traded up ~4% to $13.28 amid a consensus "Hold" target near $13.10.
Venture Global, Inc. (NYSE:VG - Get Free Report) CAO Sarah Blake sold 119,300 shares of the stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $13.01, for a total transaction of $1,552,093.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Sarah Blake also recently made the following trade(s):
- On Thursday, March 5th, Sarah Blake sold 300,000 shares of Venture Global stock. The shares were sold at an average price of $11.85, for a total value of $3,555,000.00.
- On Monday, March 9th, Sarah Blake sold 30,700 shares of Venture Global stock. The shares were sold at an average price of $13.00, for a total value of $399,100.00.
Venture Global Trading Up 4.0%
Shares of NYSE VG traded up $0.51 during midday trading on Friday, hitting $13.28. The company's stock had a trading volume of 9,205,503 shares, compared to its average volume of 15,349,359. Venture Global, Inc. has a 12-month low of $5.72 and a 12-month high of $19.50. The company has a current ratio of 0.93, a quick ratio of 0.87 and a debt-to-equity ratio of 3.24. The firm has a market cap of $32.51 billion, a P/E ratio of 15.33 and a beta of 5.70. The business's 50 day moving average is $9.46 and its two-hundred day moving average is $9.69.
Venture Global (NYSE:VG - Get Free Report) last announced its quarterly earnings data on Monday, March 2nd. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.35 by $0.06. Venture Global had a return on equity of 27.96% and a net margin of 18.38%.The company had revenue of $4.45 billion for the quarter. The firm's revenue was up 191.7% on a year-over-year basis. As a group, equities research analysts expect that Venture Global, Inc. will post 0.52 EPS for the current year.
Venture Global Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 16th will be issued a dividend of $0.018 per share. This represents a $0.07 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Monday, March 16th. This is a positive change from Venture Global's previous quarterly dividend of $0.02. Venture Global's dividend payout ratio (DPR) is 8.14%.
Analyst Upgrades and Downgrades
Several analysts have recently weighed in on the stock. Citigroup lifted their price target on shares of Venture Global from $9.00 to $12.00 and gave the company a "neutral" rating in a research note on Wednesday, March 4th. Scotiabank set a $9.00 price objective on Venture Global in a report on Friday, January 16th. US Capital Advisors raised Venture Global to a "moderate sell" rating in a research report on Monday, December 15th. Zacks Research upgraded Venture Global from a "strong sell" rating to a "hold" rating in a report on Friday, February 13th. Finally, Morgan Stanley initiated coverage on Venture Global in a research note on Tuesday, February 24th. They set an "underweight" rating and a $8.00 price target on the stock. Seven investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Venture Global currently has an average rating of "Hold" and a consensus target price of $13.10.
View Our Latest Stock Report on Venture Global
Hedge Funds Weigh In On Venture Global
Several institutional investors and hedge funds have recently added to or reduced their stakes in VG. Quotient Wealth Partners LLC bought a new stake in shares of Venture Global in the 3rd quarter valued at about $3,641,000. WINTON GROUP Ltd bought a new position in shares of Venture Global during the 3rd quarter worth approximately $13,632,000. Russell Investments Group Ltd. raised its stake in shares of Venture Global by 61.1% during the 2nd quarter. Russell Investments Group Ltd. now owns 616,643 shares of the company's stock worth $9,607,000 after acquiring an additional 233,978 shares in the last quarter. Ausbil Investment Management Ltd purchased a new stake in Venture Global during the third quarter valued at approximately $4,706,000. Finally, Exchange Traded Concepts LLC lifted its position in Venture Global by 223.7% during the third quarter. Exchange Traded Concepts LLC now owns 562,760 shares of the company's stock valued at $7,986,000 after acquiring an additional 388,892 shares during the last quarter.
About Venture Global
(
Get Free Report)
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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