Venture Global, Inc. (NYSE:VG – Get Free Report) COO Brian Cothran sold 31,910 shares of the company’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $14.33, for a total transaction of $457,270.30. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Brian Cothran also recently made the following trade(s):
- On Tuesday, May 19th, Brian Cothran sold 473,533 shares of Venture Global stock. The shares were sold at an average price of $14.81, for a total transaction of $7,013,023.73.
- 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 transaction of $1,755,064.65.
Venture Global Stock Performance
Shares of NYSE:VG traded down $0.45 during mid-day trading on Thursday, reaching $13.58. 17,748,643 shares of the company traded hands, compared to its average volume of 21,926,365. The company’s 50 day moving average price is $13.63 and its 200-day moving average price is $10.13. The firm has a market cap of $33.36 billion, a PE ratio of 15.08, a PEG ratio of 0.68 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 0.80. Venture Global, Inc. has a 52 week low of $5.72 and a 52 week high of $19.50.
Venture Global Increases Dividend
The business also recently disclosed 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. The ex-dividend date was Monday, March 16th. This represents a $0.07 dividend on an annualized basis and a dividend yield of 0.5%. Venture Global’s dividend payout ratio is presently 7.78%.
Analysts Set New Price Targets
Several research analysts have weighed in on the company. Raymond James Financial restated an “outperform” rating and issued a $16.00 price target on shares of Venture Global in a research note on Wednesday. UBS Group upped their price target on Venture Global from $19.00 to $21.00 and gave the stock a “buy” rating in a research note on Wednesday, March 25th. Royal Bank Of Canada upped their price target on Venture Global from $14.00 to $16.00 and gave the stock an “outperform” rating in a research note on Friday, April 17th. Zacks Research upgraded Venture Global from a “strong sell” rating to a “hold” rating in a research report on Friday, February 13th. Finally, Scotiabank increased their target price on Venture Global from $13.00 to $15.00 and gave the company a “sector perform” rating in a research report on Wednesday, May 13th. Nine research analysts have rated the stock with a Buy rating and eight have issued 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.
Get Our Latest Research Report on VG
Institutional Trading of Venture Global
Several hedge funds and other institutional investors have recently bought and sold shares of VG. Vanguard Group Inc. lifted its position in 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 lifted its position in 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 lifted its position in 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 lifted its position in 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. lifted its position in 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.
Venture Global Company Profile
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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