Venture Global, Inc. (NYSE:VG - Get Free Report) CFO Jonathan Thayer sold 111,111 shares of the stock in a transaction on Tuesday, October 20th. The shares were sold at an average price of $12.70, for a total value of $1,411,109.70. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Venture Global Price Performance
NYSE VG opened at $12.62 on Wednesday. Venture Global, Inc. has a one year low of $5.72 and a one year high of $17.62. The stock has a 50-day moving average of $13.86 and a 200 day moving average of $13.13. The company has a market capitalization of $31.54 billion, a price-to-earnings ratio of 10.09 and a beta of 0.35. 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 issued its earnings results on Monday, August 10th. The company reported $0.51 earnings per share for the quarter, topping analysts' consensus estimates of $0.50 by $0.01. The business had revenue of $4.58 billion during the quarter. Venture Global had a return on equity of 34.08% and a net margin of 21.24%. On average, sell-side analysts forecast that Venture Global, Inc. will post 1.75 EPS for the current year.
Venture Global Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th were paid a $0.04 dividend. This is a boost from Venture Global's previous quarterly dividend of $0.0180. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Tuesday, September 15th. Venture Global's dividend payout ratio (DPR) is presently 12.60%.
Institutional Trading of Venture Global
A number of hedge funds have recently bought and sold shares of the company. Ancora Advisors LLC boosted its position in Venture Global by 3.8% in the second quarter. Ancora Advisors LLC now owns 27,000 shares of the company's stock worth $301,000 after purchasing an additional 1,000 shares during the last quarter. Kestra Private Wealth Services LLC grew its stake in shares of Venture Global by 8.8% during the 1st quarter. Kestra Private Wealth Services LLC now owns 12,429 shares of the company's stock valued at $196,000 after purchasing an additional 1,004 shares during the period. Prime Capital Investment Advisors LLC grew its stake in shares of Venture Global by 7.0% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 22,054 shares of the company's stock valued at $279,000 after purchasing an additional 1,442 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors grew its stake in shares of Venture Global by 10.1% during the 3rd quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 17,587 shares of the company's stock valued at $222,000 after purchasing an additional 1,618 shares during the period. Finally, AdvisorNet Financial Inc increased its position in shares of Venture Global by 67.5% during the 1st quarter. AdvisorNet Financial Inc now owns 4,480 shares of the company's stock valued at $71,000 after purchasing an additional 1,805 shares during the last quarter.
Analysts Set New Price Targets
Several research analysts have recently weighed in on the stock. Zacks Research cut shares of Venture Global from a "strong-buy" rating to a "hold" rating in a report on Monday, October 12th. Sanford C. Bernstein restated a "market perform" rating and set a $14.00 price objective on shares of Venture Global in a research report on Friday, October 16th. The Goldman Sachs Group restated a "buy" rating on shares of Venture Global in a report on Friday, October 9th. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Venture Global in a research report on Wednesday, October 7th. Finally, Scotiabank lifted their target price on shares of Venture Global from $15.00 to $16.00 and gave the stock a "sector perform" rating in a research report on Thursday, September 10th. Nine investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, Venture Global presently has a consensus rating of "Moderate Buy" and an average target price of $16.53.
Read Our Latest Stock Analysis on Venture Global
About Venture Global
(
Get Free Report)
Venture Global, Inc (NYSE:VG) is a U.S.-based liquefied natural gas (LNG) company that develops, constructs, owns and operates LNG export facilities. The company sources natural gas, processes it into LNG and exports the product to customers in international energy markets.
Venture Global's operating and development portfolio is concentrated along the U.S. Gulf Coast, particularly in Louisiana. Its projects include the Calcasieu Pass LNG facility, the Plaquemines LNG facility and additional proposed developments such as CP2 LNG and Delta LNG.
Recommended Stories
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].
