Sarah Blake Sells 200,000 Shares of Venture Global (NYSE:VG) Stock

Key Points

  • CFO Jonathan Thayer sold 611,112 shares on March 18 at an average $14.04 for a total of about $8.58M, and multiple senior executives executed large sales on March 18–19, a development that could pressure the stock and raise governance concerns.
  • Venture Global beat the quarter with EPS $0.41 vs. $0.35 est. and revenue of $4.45B (up 191.7% YoY); the stock trades around $14.30, carries a high beta (5.70), and has mixed analyst ratings with a consensus target near $13.23.
  • The company announced a quarterly dividend of $0.018 (ex‑dividend March 16, payable March 31) and market sentiment has been buoyed by reports of a roughly $8.6B financing package and analyst upgrades, though short‑term momentum is mixed.

Venture Global, Inc. (NYSE:VG - Get Free Report) CAO Sarah Blake sold 200,000 shares of the stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $16.00, for a total transaction of $3,200,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Sarah Blake also recently made the following trade(s):

  • On Thursday, March 12th, Sarah Blake sold 119,300 shares of Venture Global stock. The stock was sold at an average price of $13.01, for a total transaction of $1,552,093.00.
  • 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 transaction 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 transaction of $399,100.00.

Venture Global Stock Performance

NYSE:VG opened at $14.30 on Friday. The firm has a market capitalization of $35.01 billion, a PE ratio of 16.63 and a beta of 5.70. The company has a quick ratio of 0.87, a current ratio of 0.93 and a debt-to-equity ratio of 3.24. Venture Global, Inc. has a 12-month low of $5.72 and a 12-month high of $19.50. The firm has a 50-day moving average price of $10.11 and a 200 day moving average price of $9.70.




Venture Global (NYSE:VG - Get Free Report) last released its quarterly earnings data on Monday, March 2nd. The company reported $0.41 earnings per share 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 company's quarterly revenue was up 191.7% on a year-over-year basis. Research analysts anticipate that Venture Global, Inc. will post 0.52 earnings per share for the current fiscal year.

Venture Global Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th will be given a $0.018 dividend. This represents a $0.07 dividend on an annualized basis and a yield of 0.5%. This is a positive change from Venture Global's previous quarterly dividend of $0.02. The ex-dividend date is Monday, March 16th. Venture Global's dividend payout ratio (DPR) is currently 8.14%.

Analysts Set New Price Targets

Several brokerages have recently commented on VG. Raymond James Financial restated an "outperform" rating and issued a $13.00 target price on shares of Venture Global in a research note on Thursday, March 5th. Zacks Research upgraded shares of Venture Global from a "strong sell" rating to a "hold" rating in a research report on Friday, February 13th. Wall Street Zen downgraded shares of Venture Global from a "hold" rating to a "sell" rating in a report on Saturday, March 14th. JPMorgan Chase & Co. lowered shares of Venture Global from an "overweight" rating to a "neutral" rating and boosted their price target for the company from $10.00 to $11.00 in a research report on Tuesday, January 27th. Finally, Bank of America dropped their price objective on shares of Venture Global from $15.00 to $11.00 and set a "buy" rating for the company in a report on Thursday, December 11th. Seven analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $13.23.

Check Out Our Latest Stock Report on VG

Venture Global News Roundup

Here are the key news stories impacting Venture Global this week:

Hedge Funds Weigh In On Venture Global

A number of large investors have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Venture Global during the second quarter valued at approximately $26,000. MAI Capital Management bought a new position in Venture Global in the 3rd quarter worth approximately $29,000. Delos Wealth Advisors LLC acquired a new position in Venture Global during the 2nd quarter worth $45,000. UMB Bank n.a. lifted its holdings in Venture Global by 161.2% during the 3rd quarter. UMB Bank n.a. now owns 2,949 shares of the company's stock worth $42,000 after buying an additional 1,820 shares in the last quarter. Finally, Blue Trust Inc. boosted its position in Venture Global by 1,750.0% in the 4th quarter. Blue Trust Inc. now owns 3,700 shares of the company's stock valued at $25,000 after buying an additional 3,500 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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