Key Points
- Venture Global COO Brian Cothran sold 152,660 shares at an average price of $16.15, totaling approximately $2.47 million. The transaction was disclosed in an SEC filing.
- Venture Global reported quarterly EPS of $0.51, slightly above the $0.50 consensus estimate, on $4.58 billion in revenue. The stock opened at $15.26, with a market capitalization of roughly $38.15 billion.
- The company doubled its quarterly dividend to $0.04 per share, implying an annualized dividend of $0.16 and a 1.0% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $16.13.
Venture Global, Inc. (NYSE:VG - Get Free Report) COO Brian Cothran sold 152,660 shares of the business's stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $16.15, for a total value of $2,465,459.00. The transaction was disclosed in a filing with the SEC, which is available through this link.
Venture Global Stock Performance
NYSE:VG opened at $15.26 on Tuesday. The firm has a market capitalization of $38.15 billion, a PE ratio of 12.02, a PEG ratio of 0.63 and a beta of 0.26. The stock's fifty day moving average is $13.84 and its 200 day moving average is $13.16. Venture Global, Inc. has a fifty-two week low of $5.72 and a fifty-two week high of $17.62. The company has a debt-to-equity ratio of 3.44, a quick ratio of 1.11 and a current ratio of 1.19.
Venture Global (NYSE:VG - Get Free Report) last posted its quarterly earnings data on Monday, August 10th. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.50 by $0.01. Venture Global had a net margin of 21.24% and a return on equity of 34.08%. The company had revenue of $4.58 billion during the quarter. On average, sell-side analysts anticipate that Venture Global, Inc. will post 1.68 earnings per share for the current year.
Venture Global Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be paid a dividend of $0.04 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.0%. This is a boost from Venture Global's previous quarterly dividend of $0.02. Venture Global's dividend payout ratio is presently 12.60%.
Institutional Investors Weigh In On Venture Global
Several large investors have recently added to or reduced their stakes in VG. LRI Investments LLC purchased a new position in shares of Venture Global during the second quarter worth approximately $28,000. IFP Advisors Inc bought a new stake in shares of Venture Global during the second quarter valued at approximately $31,000. Harbour Investments Inc. purchased a new stake in shares of Venture Global in the fourth quarter valued at approximately $29,000. Rockefeller Capital Management L.P. boosted its holdings in shares of 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 purchasing an additional 3,031 shares during the period. Finally, AdvisorNet Financial Inc grew its stake in Venture Global by 67.5% in the first quarter. AdvisorNet Financial Inc now owns 4,480 shares of the company's stock worth $71,000 after purchasing an additional 1,805 shares in the last quarter.
Analyst Ratings Changes
A number of analysts recently weighed in on VG shares. Scotiabank raised their price objective on shares of Venture Global from $15.00 to $16.00 and gave the stock a "sector perform" rating in a research note on Thursday. Sanford C. Bernstein started coverage on Venture Global in a research note on Tuesday, June 16th. They set a "market perform" rating and a $14.00 target price on the stock. Mizuho increased their price target 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 note on Monday, July 20th. Finally, Raymond James Financial restated an "outperform" rating and set a $16.00 price objective on shares of Venture Global in a report on Wednesday, May 20th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and seven have given a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $16.13.
View Our Latest Report on Venture Global
Key Venture Global News
Here are the key news stories impacting Venture Global this week:
- Positive Sentiment: China Gas agreement adds long-term contracted demand: China Gas Holdings will purchase 0.5 million metric tons per annum of U.S. LNG from Venture Global for 20 years beginning in 2030. The agreement strengthens Venture Global’s backlog and provides future sales visibility. China Gas signs 20-year LNG import deal with US-based Venture Global
- Positive Sentiment: Growing contracted LNG portfolio: Venture Global’s CEO said approximately 50 MTPA of LNG production is committed under 20-year contracts, highlighting substantial long-term demand coverage as the company expands its export operations. Venture Global commits about 50 mtpa of LNG production to 20-year contracts
- Positive Sentiment: Potential industry tailwind: QatarEnergy is reportedly seeking multi-year U.S. LNG supplies after damage to its Ras Laffan facility. Additional procurement by major LNG buyers could support demand for U.S. exporters such as Venture Global, although the company was not identified as a specific supplier in the report. QatarEnergy Eyes Cheniere Energy, Others for U.S. LNG Supplies
- Neutral Sentiment: Insider selling adds a counterpoint: COO Brian Cothran sold 152,660 shares at an average price of $16.15, worth approximately $2.47 million. The transaction may weigh on sentiment, though a single executive sale does not necessarily indicate deteriorating company fundamentals. SEC insider transaction filing
About Venture Global
(
Get Free Report)
Venture Global, Inc is a liquefied natural gas (LNG) company that develops, constructs and operates LNG export facilities in the United States. The company sources natural gas from domestic markets, liquefies it at its coastal facilities and supplies LNG to customers in international markets.
Venture Global's operating and development portfolio is concentrated along the U.S. Gulf Coast. Its Calcasieu Pass LNG facility in Louisiana has entered commercial operations, while its Plaquemines LNG project in Louisiana is being developed and brought into service.
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