Brian Cothran Sells 473,533 Shares of Venture Global (NYSE:VG) Stock

by · The Cerbat Gem

Venture Global, Inc. (NYSE:VG – Get Free Report) COO Brian Cothran sold 473,533 shares of Venture Global stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $14.81, for a total value of $7,013,023.73. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Brian Cothran also recently made the following trade(s):

  • On Wednesday, May 20th, Brian Cothran sold 120,623 shares of Venture Global stock. The shares were sold at an average price of $14.55, for a total value of $1,755,064.65.
  • On Thursday, May 21st, Brian Cothran sold 31,910 shares of Venture Global stock. The shares were sold at an average price of $14.33, for a total value of $457,270.30.

Venture Global Trading Down 3.2%

Shares of VG stock traded down $0.45 on Thursday, hitting $13.58. The stock had a trading volume of 17,748,643 shares, compared to its average volume of 21,926,365. 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 firm has a market capitalization of $33.36 billion, a P/E ratio of 15.08, a P/E/G ratio of 0.68 and a beta of 0.44. Venture Global, Inc. has a 1 year low of $5.72 and a 1 year high of $19.50. The company’s 50 day moving average price is $13.63 and its 200-day moving average price is $10.13.

Venture Global (NYSE:VG – Get Free Report) last posted its quarterly earnings data on Monday, May 11th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.07. The firm had revenue of $4.60 billion for the quarter. Venture Global had a return on equity of 26.90% and a net margin of 16.94%.The company’s revenue was up 58.9% on a year-over-year basis. Analysts anticipate that Venture Global, Inc. will post 1.38 earnings per share for the current year.

Venture Global Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Monday, March 16th were issued a $0.018 dividend. The ex-dividend date was Monday, March 16th. This represents a $0.07 annualized dividend and a dividend yield of 0.5%. This is a boost from Venture Global’s previous quarterly dividend of $0.02. Venture Global’s dividend payout ratio (DPR) is presently 7.78%.

Institutional Investors Weigh In On Venture Global

Large investors have recently bought and sold shares of the stock. Blue Trust Inc. increased its holdings in Venture Global by 1,750.0% during the 4th quarter. Blue Trust Inc. now owns 3,700 shares of the company’s stock worth $25,000 after purchasing an additional 3,500 shares during the period. Northwestern Mutual Wealth Management Co. purchased a new stake in Venture Global during the 2nd quarter worth about $26,000. MAI Capital Management purchased a new stake in Venture Global during the 3rd quarter worth about $29,000. Harbour Investments Inc. purchased a new stake in Venture Global during the 4th quarter worth about $29,000. Finally, Rockefeller Capital Management L.P. increased its holdings in Venture Global by 218.1% during the 4th quarter. Rockefeller Capital Management L.P. now owns 4,421 shares of the company’s stock worth $30,000 after purchasing an additional 3,031 shares during the period.

Analyst Ratings Changes

Several research firms recently issued reports on VG. New Street Research set a $15.00 price objective on Venture Global in a report on Tuesday, March 3rd. JPMorgan Chase & Co. cut their price objective on Venture Global from $19.00 to $16.00 and set a “neutral” rating on the stock in a report on Tuesday, April 14th. Raymond James Financial reiterated an “outperform” rating and issued a $16.00 price objective on shares of Venture Global in a report on Wednesday. Scotiabank upped their price target on Venture Global from $13.00 to $15.00 and gave the stock a “sector perform” rating in a report on Wednesday, May 13th. Finally, Citigroup upgraded Venture Global from a “neutral” rating to a “buy” rating and upped their price target for the stock from $12.00 to $17.00 in a report on Wednesday, May 13th. Nine research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $16.47.

View Our Latest Analysis 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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