Key Points
- Venture Global VP Fory Musser sold 500,000 shares for $6.58 million, at an average price of $13.16; the sale was disclosed in an SEC filing.
- The company reported quarterly EPS of $0.96, beating the $0.50 consensus estimate, while revenue of $4.76 billion rose 42.9% year over year.
- Analysts hold a consensus Moderate Buy rating with an average price target of $16.87; ratings include one Strong Buy, ten Buys and five Holds.
Venture Global, Inc. (NYSE:VG - Get Free Report) VP Fory Musser sold 500,000 shares of the company's stock in a transaction dated Thursday, November 12th. The stock was sold at an average price of $13.16, for a total value of $6,580,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Fory Musser also recently made the following trade(s):
- On Wednesday, August 19th, Fory Musser sold 12,600 shares of Venture Global stock. The stock was sold at an average price of $14.01, for a total value of $176,526.00.
- On Thursday, August 20th, Fory Musser sold 259,413 shares of Venture Global stock. The shares were sold at an average price of $14.26, for a total value of $3,699,229.38.
- On Monday, August 17th, Fory Musser sold 22,013 shares of Venture Global stock. The shares were sold at an average price of $14.02, for a total value of $308,622.26.
Venture Global Stock Performance
NYSE:VG traded down $0.09 during trading hours on Friday, reaching $13.17. The company had a trading volume of 7,851,700 shares, compared to its average volume of 17,315,318. Venture Global, Inc. has a 1-year low of $5.72 and a 1-year high of $17.62. The firm has a market cap of $32.92 billion, a PE ratio of 6.36 and a beta of 0.22. The business's 50 day moving average price is $13.43 and its 200-day moving average price is $12.83. The company has a debt-to-equity ratio of 2.96, a current ratio of 0.90 and a quick ratio of 1.11.
Venture Global (NYSE:VG - Get Free Report) last released its quarterly earnings data on Monday, November 9th. The company reported $0.96 EPS for the quarter, topping the consensus estimate of $0.50 by $0.46. The business had revenue of $4.76 billion for the quarter. Venture Global had a return on equity of 39.19% and a net margin of 31.11%. The company's revenue for the quarter was up 42.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.16 EPS. Research analysts forecast that Venture Global, Inc. will post 1.94 EPS for the current year.
Venture Global Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Tuesday, December 15th will be given a $0.04 dividend. The ex-dividend date is Tuesday, December 15th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.2%. Venture Global's dividend payout ratio is 7.73%.
Institutional Investors Weigh In On Venture Global
Several institutional investors and hedge funds have recently added to or reduced their stakes in VG. Reyes Financial Architecture Inc. acquired a new position in Venture Global during the third quarter worth $28,000. LRI Investments LLC purchased a new position in Venture Global during the second quarter valued at $28,000. IFP Advisors Inc purchased a new position in Venture Global during the second quarter valued at $31,000. Fifth Third Bancorp lifted its holdings in Venture Global by 17,041.2% during the first quarter. Fifth Third Bancorp now owns 5,828 shares of the company's stock valued at $92,000 after purchasing an additional 5,794 shares in the last quarter. Finally, Sanders Morris Harris LLC acquired a new stake in shares of Venture Global in the third quarter valued at about $127,000.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently commented on the company. Weiss Ratings upgraded Venture Global from a "hold (c-)" rating to a "hold (c)" rating in a research report on Monday, September 28th. Wells Fargo & Company raised Venture Global from an "equal weight" rating to an "overweight" rating and upped their price target for the stock from $15.00 to $21.00 in a report on Tuesday, October 20th. Scotiabank increased their price target on Venture Global from $15.00 to $16.00 and gave the stock a "sector perform" rating in a research report on Thursday, September 10th. Sanford C. Bernstein reiterated a "market perform" rating and set a $14.00 price target on shares of Venture Global in a research report on Tuesday, November 10th. Finally, Royal Bank Of Canada reissued an "outperform" rating on shares of Venture Global in a report on Wednesday, October 7th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $16.87.
View Our Latest Report on Venture Global
Latest Venture Global News
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About Venture Global
(
Get Free Report)
Venture Global, Inc. is a U.S. liquefied natural gas (LNG) company that develops, constructs and operates facilities to produce and export LNG. Its activities include sourcing natural gas, processing it into LNG and delivering the fuel to customers in international markets, often through long-term supply agreements. Founded in 2013, the company is based in Arlington, Virginia, and focuses its LNG projects on Louisiana's Gulf Coast. Its facilities include Calcasieu Pass and Plaquemines LNG, while it is also developing additional export capacity, including the proposed CP2 project.
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