Key Points
- CFO Jonathan Thayer sold 111,112 shares on April 20 at an average price of $11.50, for a total of $1,277,788, according to an SEC filing.
- Venture Global beat estimates in the March quarter with $0.41 EPS (vs. $0.35 consensus) and $4.45 billion in revenue, a year-over-year increase of 191.7%, with ROE of 27.96% and a net margin of 18.38%.
- Analyst sentiment is mixed: the consensus rating is "Hold" with an average price target of $15.77, though firms like UBS and Goldman Sachs have raised targets and issued "buy" recommendations.
Venture Global, Inc. (NYSE:VG - Get Free Report) CFO Jonathan Thayer sold 111,112 shares of Venture Global stock in a transaction dated Monday, April 20th. The stock was sold at an average price of $11.50, for a total value of $1,277,788.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Venture Global Price Performance
VG opened at $12.12 on Wednesday. The stock has a 50-day moving average price of $12.61 and a 200-day moving average price of $9.76. The company has a debt-to-equity ratio of 3.24, a current ratio of 0.93 and a quick ratio of 0.87. The firm has a market cap of $29.78 billion, a PE ratio of 14.10, a P/E/G ratio of 0.76 and a beta of 1.84. Venture Global, Inc. has a 1 year low of $5.72 and a 1 year high of $19.50.
Venture Global (NYSE:VG - Get Free Report) last posted its quarterly earnings results on Monday, March 2nd. The company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.06. The firm had revenue of $4.45 billion during the quarter. Venture Global had a return on equity of 27.96% and a net margin of 18.38%.The firm's revenue was up 191.7% on a year-over-year basis. Sell-side analysts predict that Venture Global, Inc. will post 1.45 earnings per share for the current fiscal year.
Venture Global Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th were given a $0.018 dividend. This is a positive change from Venture Global's previous quarterly dividend of $0.02. The ex-dividend date of this dividend was Monday, March 16th. This represents a $0.07 dividend on an annualized basis and a yield of 0.6%. Venture Global's payout ratio is presently 8.14%.
Hedge Funds Weigh In On Venture Global
A number of hedge funds have recently bought and sold shares of the business. Royal Bank of Canada purchased a new stake in shares of Venture Global during the 1st quarter valued at about $2,150,000. Integrated Wealth Concepts LLC purchased a new stake in shares of Venture Global during the 1st quarter valued at about $152,000. NewEdge Advisors LLC purchased a new stake in shares of Venture Global during the 1st quarter valued at about $460,000. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Venture Global during the 2nd quarter valued at about $26,000. Finally, Amundi purchased a new stake in shares of Venture Global during the 2nd quarter valued at about $213,000.
Wall Street Analyst Weigh In
VG has been the subject of a number of recent analyst reports. UBS Group boosted their target price on Venture Global from $19.00 to $21.00 and gave the stock a "buy" rating in a research report on Wednesday, March 25th. The Goldman Sachs Group boosted their target price on Venture Global from $15.00 to $18.50 and gave the stock a "buy" rating in a research report on Tuesday, March 24th. Raymond James Financial reissued an "outperform" rating and issued a $13.00 target price on shares of Venture Global in a research report on Thursday, March 5th. Wells Fargo & Company boosted their target price on Venture Global from $10.00 to $14.00 and gave the stock an "equal weight" rating in a research report on Wednesday, March 25th. Finally, Zacks Research raised Venture Global from a "strong sell" rating to a "hold" rating in a research report on Friday, February 13th. Eight investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, Venture Global has a consensus rating of "Hold" and an average price target of $15.77.
Check Out Our Latest Stock Analysis on Venture Global
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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