Key Points
- Insider sale: Venture Global insider Thomas Earl sold 1,000,000 shares on May 27 at an average price of $12.44, totaling about $12.44 million. He had also sold 1,000,000 shares in March at $11.83 each.
- Strong quarterly results: The company reported $0.19 EPS for the latest quarter, beating expectations of $0.12, while revenue rose 58.9% year over year to $4.60 billion. Net margin and return on equity were also solid at 16.94% and 26.90%, respectively.
- Analyst and dividend updates: Analysts remain broadly positive, with a consensus rating of Moderate Buy and an average price target of $16.47. Venture Global also pays a small dividend, currently yielding about 0.6%.
Venture Global, Inc. (NYSE:VG - Get Free Report) VP Fory Musser sold 233,735 shares of the firm's stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $12.61, for a total value of $2,947,398.35. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Fory Musser also recently made the following trade(s):
- On Tuesday, May 26th, Fory Musser sold 266,265 shares of Venture Global stock. The stock was sold at an average price of $13.09, for a total value of $3,485,408.85.
- On Thursday, May 14th, Fory Musser sold 2,000,000 shares of Venture Global stock. The stock was sold at an average price of $13.09, for a total value of $26,180,000.00.
- 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 Trading Up 1.6%
NYSE:VG opened at $12.57 on Friday. The stock's 50 day moving average price is $13.71 and its 200 day moving average price is $10.35. The company has a market capitalization of $31.22 billion, a PE ratio of 13.96, a P/E/G ratio of 0.56 and a beta of 0.44. The company has a quick ratio of 0.80, a current ratio of 0.87 and a debt-to-equity ratio of 3.40. Venture Global, Inc. has a 52-week low of $5.72 and a 52-week high of $19.50.
Venture Global (NYSE:VG - Get Free Report) last posted its quarterly earnings data 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 return on equity of 26.90% and a net margin of 16.94%.The company had revenue of $4.60 billion during the quarter. The firm's revenue for the quarter was up 58.9% on a year-over-year basis. On average, research analysts anticipate that Venture Global, Inc. will post 1.39 EPS for the current year.
Venture Global Increases Dividend
The business also recently disclosed 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 represents a $0.07 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend was Monday, March 16th. This is a positive change from Venture Global's previous quarterly dividend of $0.02. Venture Global's payout ratio is 7.78%.
Wall Street Analysts Forecast Growth
A number of analysts have weighed in on the company. Bank of America increased their price objective on Venture Global from $13.00 to $16.00 and gave the stock a "buy" rating in a research report on Friday, March 20th. Morgan Stanley increased their price objective on Venture Global from $20.00 to $22.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 13th. UBS Group increased their price objective on Venture Global from $19.00 to $21.00 and gave the stock a "buy" rating in a research report on Wednesday, March 25th. JPMorgan Chase & Co. decreased their price objective on Venture Global from $19.00 to $16.00 and set a "neutral" rating for the company in a research report on Tuesday, April 14th. Finally, Weiss Ratings raised Venture Global from a "sell (d+)" rating to a "hold (c)" rating in a research report on Friday, May 8th. Nine research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, Venture Global presently has an average rating of "Moderate Buy" and a consensus target price of $16.47.
Read Our Latest Stock Analysis on VG
Institutional Trading of Venture Global
Hedge funds have recently modified their holdings of the business. Blue Trust Inc. lifted its holdings in shares of 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 period. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Venture Global in the 2nd quarter valued at approximately $26,000. MAI Capital Management acquired a new position in Venture Global during the third quarter worth $29,000. Harbour Investments Inc. acquired a new position in Venture Global during the fourth quarter worth $29,000. Finally, Rockefeller Capital Management L.P. raised its holdings in 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 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.
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