Venture Global (NYSE:VG) VP Fory Musser Sells 776,298 Shares of Stock

Venture Global, Inc. (NYSE:VG) VP Fory Musser sold 776,298 shares of Venture Global stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $8.06, for a total transaction of $6,256,961.88. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Fory Musser also recently made the following trade(s):

• On Friday, November 14th, Fory Musser sold 223,702 shares of Venture Global stock. The shares were sold at an average price of $8.03, for a total transaction of $1,796,327.06.

Venture Global Stock Down 2.6%

NYSE:VG traded down $0.21 during mid-day trading on Tuesday, hitting $7.90. The company had a trading volume of 7,230,055 shares, compared to its average volume of 8,960,685. The business has a fifty day simple moving average of $10.98 and a 200-day simple moving average of $12.88. The firm has a market capitalization of $19.19 billion and a price-to-earnings ratio of 10.27. Venture Global, Inc. has a 1 year low of $6.75 and a 1 year high of $25.50. The company has a current ratio of 0.83, a quick ratio of 0.77 and a debt-to-equity ratio of 3.46.

Venture Global (NYSE:VG) last posted its earnings results on Monday, November 10th. The company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.06). The company had revenue of $3.33 billion during the quarter, compared to analyst estimates of $3.23 billion. Venture Global had a net margin of 21.99% and a return on equity of 29.55%. The company’s quarterly revenue was up 259.5% compared to the same quarter last year. Equities analysts forecast that Venture Global, Inc. will post 0.52 earnings per share for the current fiscal year.

Venture Global Increases Dividend

The company also recently declared a half year 25 dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 19th were issued a dividend of $0.017 per share. This represents a yield of 50.0%. The ex-dividend date of this dividend was Friday, September 19th. This is a positive change from Venture Global’s previous half year 25 dividend of $0.02. Venture Global’s dividend payout ratio (DPR) is 8.97%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Venture Global in the second quarter valued at approximately $26,000. AdvisorNet Financial Inc bought a new position in Venture Global in the 2nd quarter worth approximately $28,000. MAI Capital Management acquired a new stake in Venture Global in the 3rd quarter valued at approximately $29,000. Delos Wealth Advisors LLC acquired a new stake in Venture Global in the 2nd quarter valued at approximately $45,000. Finally, UMB Bank n.a. boosted its position in Venture Global by 161.2% during the 3rd quarter. UMB Bank n.a. now owns 2,949 shares of the company’s stock worth $42,000 after acquiring an additional 1,820 shares during the period.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on VG. Deutsche Bank Aktiengesellschaft upgraded Venture Global from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a research note on Thursday, August 28th. UBS Group raised Venture Global from a “neutral” rating to a “buy” rating and set a $18.00 target price on the stock in a report on Monday, August 25th. Scotiabank lowered their price target on Venture Global from $13.00 to $12.00 and set a “sector perform” rating for the company in a report on Thursday, November 13th. Mizuho restated a “neutral” rating and set a $12.00 price objective (down from $17.00) on shares of Venture Global in a research note on Friday, October 10th. Finally, Wells Fargo & Company lowered their target price on shares of Venture Global from $14.00 to $11.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 12th. Eight research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $15.64.

About Venture Global

Venture Global has fundamentally reshaped the development and construction of liquefied natural gas production, establishing us as a rapidly growing company delivering critical LNG to the world. Our innovative and disruptive approach, which is both scalable and repeatable, allows us to bring LNG to a global market years faster and at a lower cost.