Key Points
- Venture Global CFO Jonathan Thayer sold 111,111 shares on May 18 at an average price of $14.27, for proceeds of about $1.59 million, according to an SEC filing.
- The company recently reported better-than-expected quarterly earnings of $0.19 per share versus $0.12 expected, with revenue up 58.9% year over year to $4.60 billion.
- Wall Street sentiment remains moderately bullish, with nine Buy ratings, eight Hold ratings, and an average analyst price target of $16.27.
Venture Global, Inc. (NYSE:VG - Get Free Report) CFO Jonathan Thayer sold 111,111 shares of the company's stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $14.27, for a total transaction of $1,585,553.97. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Venture Global Stock Performance
Shares of Venture Global stock opened at $14.81 on Wednesday. The company has a 50 day moving average of $13.58 and a 200-day moving average of $10.10. Venture Global, Inc. has a 1-year low of $5.72 and a 1-year high of $19.50. The company has a current ratio of 0.87, a quick ratio of 0.80 and a debt-to-equity ratio of 3.40. The company has a market cap of $36.38 billion, a PE ratio of 16.45, a price-to-earnings-growth ratio of 0.65 and a beta of 0.44.
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 for the quarter, topping analysts' consensus estimates of $0.12 by $0.07. Venture Global had a net margin of 16.94% and a return on equity of 26.90%. The company had revenue of $4.60 billion during the quarter. The firm's revenue was up 58.9% on a year-over-year basis. As a group, equities research analysts forecast that Venture Global, Inc. will post 1.38 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 boost 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 presently 7.78%.
Wall Street Analysts Forecast Growth
A number of research firms have issued reports on VG. Wells Fargo & Company lifted their target price on Venture Global from $10.00 to $14.00 and gave the company an "equal weight" rating in a research report on Wednesday, March 25th. Zacks Research upgraded Venture Global from a "strong sell" rating to a "hold" rating in a research report on Friday, February 13th. Bank of America lifted their target price on Venture Global from $13.00 to $16.00 and gave the company a "buy" rating in a research report on Friday, March 20th. Mizuho raised their target price on shares of Venture Global from $12.00 to $13.00 and gave the company a "neutral" rating in a research report on Thursday, May 7th. Finally, UBS Group raised their target price on shares of Venture Global from $19.00 to $21.00 and gave the company a "buy" rating in a research report on Wednesday, March 25th. Nine analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $16.27.
Read Our Latest Stock Analysis on Venture Global
Institutional Trading of Venture Global
Hedge funds have recently added to or reduced their stakes in the stock. Blue Trust Inc. boosted its position in Venture Global by 1,750.0% in the fourth 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 in the last quarter. Northwestern Mutual Wealth Management Co. acquired a new stake in Venture Global in the second quarter valued at approximately $26,000. MAI Capital Management acquired a new position in shares of Venture Global during the third quarter worth $29,000. Harbour Investments Inc. acquired a new position in shares of Venture Global during the fourth quarter worth $29,000. Finally, Rockefeller Capital Management L.P. lifted its holdings in shares of Venture Global by 218.1% during the fourth quarter. Rockefeller Capital Management L.P. now owns 4,421 shares of the company's stock worth $30,000 after purchasing an additional 3,031 shares during the period.
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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