Key Points
- Insider selling: Venture Global VP Fory Musser sold 2 million shares on May 14 at an average price of $13.09, totaling about $26.18 million. Musser had also sold 1 million shares earlier in March.
- Strong quarterly results: Venture Global reported Q1 EPS of $0.19, beating estimates of $0.12, on $4.60 billion in revenue. Revenue rose 58.9% year over year.
- Analyst sentiment remains positive: Recent rating changes included upgrades from Citigroup and continued bullish targets from firms like Morgan Stanley and Goldman Sachs. The stock currently has a Moderate Buy consensus with a target price of $16.27.
Venture Global, Inc. (NYSE:VG - Get Free Report) VP Fory Musser sold 2,000,000 shares of the company's stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $13.09, for a total value of $26,180,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Fory Musser also recently made the following trade(s):
- On Wednesday, March 4th, Fory Musser sold 1,000,000 shares of Venture Global stock. The stock was sold at an average price of $10.90, for a total value of $10,900,000.00.
Venture Global Stock Performance
Shares of VG stock opened at $14.28 on Friday. The company has a market capitalization of $35.10 billion, a P/E ratio of 15.87, a P/E/G ratio of 0.60 and a beta of 0.44. The business's 50 day moving average is $13.50 and its two-hundred day moving average is $10.01. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 3.40. Venture Global, Inc. has a 12-month low of $5.72 and a 12-month high of $19.50.
Venture Global (NYSE:VG - Get Free Report) last issued its quarterly earnings results on Monday, May 11th. The company reported $0.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.12 by $0.07. The company had revenue of $4.60 billion for the quarter. Venture Global had a return on equity of 26.90% and a net margin of 16.94%.The company's quarterly revenue was up 58.9% compared to the same quarter last year. Analysts expect that Venture Global, Inc. will post 1.38 EPS for the current fiscal year.
Venture Global Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th were given a dividend of $0.018 per share. This is an increase from Venture Global's previous quarterly dividend of $0.02. This represents a $0.07 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Monday, March 16th. Venture Global's dividend payout ratio (DPR) is currently 7.78%.
Hedge Funds Weigh In On Venture Global
Hedge funds and other institutional investors have recently made changes to their positions in the company. WINTON GROUP Ltd purchased a new position in shares of Venture Global in the third quarter valued at approximately $13,632,000. UBS Group AG lifted its position in shares of Venture Global by 520.8% in the fourth quarter. UBS Group AG now owns 6,279,598 shares of the company's stock valued at $42,827,000 after acquiring an additional 5,268,053 shares in the last quarter. SG Americas Securities LLC increased its holdings in shares of Venture Global by 828.3% in the fourth quarter. SG Americas Securities LLC now owns 122,825 shares of the company's stock valued at $838,000 after purchasing an additional 109,594 shares during the last quarter. CenterBook Partners LP acquired a new stake in shares of Venture Global in the third quarter valued at approximately $2,837,000. Finally, Alps Advisors Inc. acquired a new stake in shares of Venture Global in the third quarter valued at approximately $13,413,000.
Analyst Ratings Changes
VG has been the topic of a number of recent analyst reports. Morgan Stanley increased their price target on Venture Global from $20.00 to $22.00 and gave the stock an "overweight" rating in a research report on Wednesday. Zacks Research upgraded Venture Global from a "strong sell" rating to a "hold" rating in a research report on Friday, February 13th. The Goldman Sachs Group set a $18.00 target price on Venture Global in a research report on Thursday. Citigroup upgraded Venture Global from a "neutral" rating to a "buy" rating and raised their target price for the company from $12.00 to $17.00 in a research report on Wednesday. Finally, New Street Research set a $15.00 target price on Venture Global in a research report on Tuesday, March 3rd. Nine equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company's stock. According to data from MarketBeat, Venture Global presently has a consensus rating of "Moderate Buy" and a consensus target price of $16.27.
Check Out Our Latest Research Report on VG
Venture Global Company Profile
(
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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