Key Points
- Venture Global COO Brian Cothran sold shares multiple times this week, including 120,623 shares on May 20 for about $1.76 million. He also sold 473,533 shares on May 19 and 31,910 shares on May 21.
- The company recently beat earnings expectations, reporting $0.19 EPS versus the $0.12 consensus estimate and revenue of $4.60 billion, up 58.9% year over year. Analysts now expect full-year EPS of 1.39.
- Venture Global remains relatively well regarded by analysts, with a consensus rating of “Moderate Buy” and an average price target of $16.47. The stock also recently traded near $13.58, below that average target.
Venture Global, Inc. (NYSE:VG - Get Free Report) COO Brian Cothran sold 31,910 shares of Venture Global stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $14.33, for a total value of $457,270.30. The transaction was disclosed in a document filed with the SEC, which is available through this link.
Brian Cothran also recently made the following trade(s):
- On Tuesday, May 19th, Brian Cothran sold 473,533 shares of Venture Global stock. The stock was sold at an average price of $14.81, for a total value of $7,013,023.73.
- On Wednesday, May 20th, Brian Cothran sold 120,623 shares of Venture Global stock. The stock was sold at an average price of $14.55, for a total value of $1,755,064.65.
Venture Global Stock Performance
NYSE:VG opened at $13.58 on Friday. The stock has a market cap of $33.36 billion, a P/E ratio of 15.08, a PEG ratio of 0.64 and a beta of 0.44. The stock has a 50 day simple moving average of $13.68 and a 200 day simple moving average of $10.17. The company has a current ratio of 0.87, a quick ratio of 0.80 and a debt-to-equity ratio of 3.40. 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 released its quarterly earnings results on Monday, May 11th. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.07. The business had revenue of $4.60 billion during the quarter. Venture Global had a return on equity of 26.90% and a net margin of 16.94%.Venture Global's quarterly revenue was up 58.9% on a year-over-year basis. Research analysts anticipate that Venture Global, Inc. will post 1.39 earnings per share for the current year.
Venture Global Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Monday, March 16th were issued a dividend of $0.018 per share. This represents a $0.07 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Monday, March 16th. This is an increase from Venture Global's previous quarterly dividend of $0.02. Venture Global's payout ratio is 7.78%.
Wall Street Analysts Forecast Growth
Several equities analysts have weighed in on the company. Wells Fargo & Company lifted their price objective on Venture Global from $10.00 to $14.00 and gave the company an "equal weight" rating in a report on Wednesday, March 25th. Bank of America increased their target price on Venture Global from $13.00 to $16.00 and gave the stock a "buy" rating in a report on Friday, March 20th. Wall Street Zen raised Venture Global from a "sell" rating to a "hold" rating in a report on Sunday, March 22nd. Weiss Ratings raised Venture Global from a "sell (d+)" rating to a "hold (c)" rating in a report on Friday, May 8th. Finally, Zacks Research raised Venture Global from a "strong sell" rating to a "hold" rating in a report on Friday, February 13th. Nine analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $16.47.
Read Our Latest Analysis on Venture Global
Institutional Trading of Venture Global
Several large investors have recently bought and sold shares of the business. Kestra Private Wealth Services LLC boosted its stake in Venture Global by 8.8% in the first quarter. Kestra Private Wealth Services LLC now owns 12,429 shares of the company's stock valued at $196,000 after buying an additional 1,004 shares in the last quarter. Summit Financial Wealth Advisors LLC boosted its stake in Venture Global by 8.8% in the fourth quarter. Summit Financial Wealth Advisors LLC now owns 14,336 shares of the company's stock valued at $98,000 after buying an additional 1,161 shares in the last quarter. Federation des caisses Desjardins du Quebec boosted its stake in Venture Global by 11.0% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 12,254 shares of the company's stock valued at $84,000 after buying an additional 1,215 shares in the last quarter. CWM LLC boosted its stake in Venture Global by 24.1% in the fourth quarter. CWM LLC now owns 7,014 shares of the company's stock valued at $48,000 after buying an additional 1,363 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its stake in Venture Global by 1.5% in the fourth quarter. Wells Fargo & Company MN now owns 93,615 shares of the company's stock valued at $638,000 after buying an additional 1,407 shares in the last quarter.
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
