Venture Global, Inc. (NYSE:VG - Get Free Report) VP Fory Musser sold 22,013 shares of the firm's stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $14.02, for a total value of $308,622.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Fory Musser also recently made the following trade(s):
- On Friday, August 14th, Fory Musser sold 447,534 shares of Venture Global stock. The stock was sold at an average price of $14.02, for a total value of $6,274,426.68.
- On Tuesday, May 26th, Fory Musser sold 266,265 shares of Venture Global stock. The shares were sold at an average price of $13.09, for a total transaction of $3,485,408.85.
- On Wednesday, May 27th, Fory Musser sold 233,735 shares of Venture Global stock. The stock was sold at an average price of $12.61, for a total transaction of $2,947,398.35.
Venture Global Stock Up 3.4%
NYSE:VG opened at $14.21 on Wednesday. The company has a market cap of $35.32 billion, a PE ratio of 11.19, a P/E/G ratio of 0.59 and a beta of 0.22. Venture Global, Inc. has a twelve month low of $5.72 and a twelve month high of $17.62. The company has a current ratio of 1.19, a quick ratio of 1.11 and a debt-to-equity ratio of 3.44. The company's 50 day moving average is $12.60 and its two-hundred day moving average is $12.48.
Venture Global (NYSE:VG - Get Free Report) last posted its quarterly earnings results on Monday, August 10th. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.50 by $0.01. Venture Global had a net margin of 21.24% and a return on equity of 34.08%. The business had revenue of $4.58 billion during the quarter. Analysts anticipate that Venture Global, Inc. will post 1.59 EPS for the current year.
Venture Global Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be paid a $0.04 dividend. This is a positive change from Venture Global's previous quarterly dividend of $0.02. The ex-dividend date is Tuesday, September 15th. This represents a $0.16 dividend on an annualized basis and a yield of 1.1%. Venture Global's dividend payout ratio (DPR) is 5.51%.
Institutional Investors Weigh In On Venture Global
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Venture Global in the 2nd quarter valued at about $26,000. LRI Investments LLC acquired a new stake in Venture Global during the second quarter worth about $28,000. Harbour Investments Inc. purchased a new position in Venture Global during the fourth quarter valued at approximately $29,000. Rockefeller Capital Management L.P. lifted its holdings in Venture Global by 218.1% in the fourth quarter. Rockefeller Capital Management L.P. now owns 4,421 shares of the company's stock valued at $30,000 after acquiring an additional 3,031 shares during the period. Finally, Caitong International Asset Management Co. Ltd lifted its holdings in Venture Global by 217.5% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 6,230 shares of the company's stock valued at $42,000 after acquiring an additional 4,268 shares during the period.
Analysts Set New Price Targets
Several research firms have weighed in on VG. JPMorgan Chase & Co. upgraded Venture Global from a "neutral" rating to an "overweight" rating and boosted their price target for the company from $16.00 to $17.00 in a research note on Thursday, June 4th. Scotiabank raised their price objective on Venture Global from $13.00 to $15.00 and gave the stock a "sector perform" rating in a research note on Wednesday, May 13th. Mizuho lifted their target price on Venture Global from $13.00 to $15.00 and gave the stock a "neutral" rating in a report on Wednesday, July 22nd. Weiss Ratings lowered Venture Global from a "hold (c)" rating to a "hold (c-)" rating in a research report on Monday, July 20th. Finally, The Goldman Sachs Group set a $18.00 price target on shares of Venture Global in a research report on Thursday, May 14th. Nine research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $16.12.
View Our Latest Research Report 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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