Venture Global (NYSE:VG) VP Fory Musser Sells 266,265 Shares of Stock
by Scott Moore · The Cerbat GemVenture Global, Inc. (NYSE:VG – Get Free Report) VP Fory Musser sold 266,265 shares of the stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $13.09, for a total value of $3,485,408.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Fory Musser also recently made the following trade(s):
- On Wednesday, May 27th, Fory Musser sold 233,735 shares of Venture Global stock. The shares were sold at an average price of $12.61, for a total value of $2,947,398.35.
- On Thursday, May 14th, Fory Musser sold 2,000,000 shares of Venture Global stock. The shares were 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 shares were sold at an average price of $10.90, for a total value of $10,900,000.00.
Venture Global Price Performance
Shares of VG opened at $12.57 on Friday. Venture Global, Inc. has a 1 year low of $5.72 and a 1 year high of $19.50. The company has a debt-to-equity ratio of 3.40, a current ratio of 0.87 and a quick ratio of 0.80. The company has a market capitalization of $31.22 billion, a price-to-earnings ratio of 13.96, a price-to-earnings-growth ratio of 0.56 and a beta of 0.44. The business has a 50-day moving average of $13.71 and a 200-day moving average of $10.35.
Venture Global (NYSE:VG – Get Free Report) last issued its quarterly earnings data on Monday, May 11th. The company reported $0.19 earnings per share (EPS) 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 business’s revenue for the quarter was up 58.9% compared to the same quarter last year. As a group, equities research analysts anticipate that Venture Global, Inc. will post 1.39 earnings per share for the current year.
Venture Global Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Monday, March 16th were paid a dividend of $0.018 per share. This is a boost from Venture Global’s previous quarterly dividend of $0.02. 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. Venture Global’s payout ratio is 7.78%.
Analyst Upgrades and Downgrades
A number of equities analysts recently weighed in on the stock. Wells Fargo & Company lifted their target price on shares of Venture Global from $10.00 to $14.00 and gave the stock an “equal weight” rating in a research note on Wednesday, March 25th. UBS Group lifted their target price on shares of Venture Global from $19.00 to $21.00 and gave the stock a “buy” rating in a research note on Wednesday, March 25th. Raymond James Financial reiterated an “outperform” rating and issued a $16.00 target price on shares of Venture Global in a report on Wednesday, May 20th. Citigroup upgraded Venture Global from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $12.00 to $17.00 in a report on Wednesday, May 13th. Finally, Wall Street Zen upgraded Venture Global from a “sell” rating to a “hold” rating in a report on Sunday, March 22nd. Nine investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $16.47.
View Our Latest Research Report on VG
Institutional Investors Weigh In On Venture Global
Several hedge funds and other institutional investors have recently modified their holdings of VG. Vanguard Group Inc. increased its holdings in shares of Venture Global by 147.4% during the third quarter. Vanguard Group Inc. now owns 22,862,372 shares of the company’s stock valued at $324,417,000 after acquiring an additional 13,620,863 shares in the last quarter. UBS Group AG increased its holdings in shares of Venture Global by 520.8% during the fourth quarter. UBS Group AG now owns 6,279,598 shares of the company’s stock valued at $42,827,000 after acquiring an additional 5,268,053 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Venture Global during the second quarter valued at about $76,489,000. State Street Corp grew its holdings in shares of Venture Global by 82.7% during the fourth quarter. State Street Corp now owns 10,812,233 shares of the company’s stock valued at $73,739,000 after buying an additional 4,893,707 shares during the last quarter. Finally, Bank of America Corp DE grew its holdings in shares of Venture Global by 135.6% during the first quarter. Bank of America Corp DE now owns 4,174,444 shares of the company’s stock valued at $65,789,000 after buying an additional 2,402,771 shares during the last quarter.
About Venture Global
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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