Venture Global, Inc. (NYSE:VG – Get Free Report) VP Fory Musser sold 2,000,000 shares of the company’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $13.09, for a total value of $26,180,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Fory Musser also recently made the following trade(s):
- 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 Trading Up 9.8%
Shares of NYSE:VG opened at $14.28 on Friday. The business’s 50-day moving average is $13.50 and its 200 day moving average is $10.01. Venture Global, Inc. has a 1 year low of $5.72 and a 1 year high of $19.50. The firm has a market capitalization of $35.10 billion, a P/E ratio of 15.87, a P/E/G ratio of 0.60 and a beta of 0.44. The company has a debt-to-equity ratio of 3.40, a current ratio of 0.87 and a quick ratio of 0.87.
Venture Global Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Monday, March 16th were given a dividend of $0.018 per share. The ex-dividend date of this dividend was Monday, March 16th. This represents a $0.07 annualized dividend and a yield of 0.5%. This is an increase from Venture Global’s previous quarterly dividend of $0.02. Venture Global’s dividend payout ratio is currently 7.78%.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of VG. Vanguard Group Inc. boosted its stake in shares of Venture Global by 147.4% in the third quarter. Vanguard Group Inc. now owns 22,862,372 shares of the company’s stock worth $324,417,000 after buying an additional 13,620,863 shares during the last quarter. State Street Corp boosted its stake in shares of Venture Global by 82.7% in the fourth quarter. State Street Corp now owns 10,812,233 shares of the company’s stock worth $73,739,000 after buying an additional 4,893,707 shares during the last quarter. UBS Group AG boosted its stake in shares of Venture Global by 520.8% in the fourth quarter. UBS Group AG now owns 6,279,598 shares of the company’s stock worth $42,827,000 after buying an additional 5,268,053 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Venture Global by 5.7% in the fourth quarter. Geode Capital Management LLC now owns 5,101,668 shares of the company’s stock worth $34,811,000 after buying an additional 273,331 shares during the last quarter. Finally, Cohen & Steers Inc. boosted its stake in shares of Venture Global by 4.6% in the fourth quarter. Cohen & Steers Inc. now owns 4,963,166 shares of the company’s stock worth $33,849,000 after buying an additional 219,505 shares during the last quarter.
Analysts Set New Price Targets
Several research analysts recently issued reports on the company. Citigroup raised Venture Global from a “neutral” rating to a “buy” rating and upped their target price for the company from $12.00 to $17.00 in a research report on Wednesday. Mizuho increased their price objective on Venture Global from $12.00 to $13.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Royal Bank Of Canada increased their price objective on Venture Global from $14.00 to $16.00 and gave the company an “outperform” rating in a report on Friday, April 17th. Scotiabank increased their price objective on Venture Global from $13.00 to $15.00 and gave the company a “sector perform” rating in a report on Wednesday. Finally, UBS Group increased their price objective on Venture Global from $19.00 to $21.00 and gave the company a “buy” rating in a report on Wednesday, March 25th. Nine research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $16.27.
Get Our Latest Stock Analysis on VG
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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