Venture Global, Inc. (NYSE:VG – Get Free Report) insider Thomas Earl sold 1,000,000 shares of the business’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $12.44, for a total transaction of $12,440,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Thomas Earl also recently made the following trade(s):
- On Monday, March 9th, Thomas Earl sold 1,000,000 shares of Venture Global stock. The stock was sold at an average price of $11.83, for a total transaction of $11,830,000.00.
Venture Global Stock Performance
Venture Global stock opened at $12.04 on Friday. The company has a quick ratio of 0.80, a current ratio of 0.87 and a debt-to-equity ratio of 3.40. The company has a market capitalization of $29.91 billion, a PE ratio of 13.38, a P/E/G ratio of 0.55 and a beta of 0.44. The firm has a fifty day simple moving average of $13.66 and a two-hundred day simple moving average of $10.36. Venture Global, Inc. has a twelve month low of $5.72 and a twelve month high of $19.50.
Venture Global Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th were paid a $0.018 dividend. This is a boost from Venture Global’s previous quarterly dividend of $0.02. This represents a $0.07 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Monday, March 16th. Venture Global’s payout ratio is presently 7.78%.
Hedge Funds Weigh In On Venture Global
Hedge funds and other institutional investors have recently modified their holdings of the company. Blue Trust Inc. raised its stake in shares of Venture Global by 1,750.0% during the fourth quarter. Blue Trust Inc. now owns 3,700 shares of the company’s stock valued at $25,000 after acquiring an additional 3,500 shares during the last quarter. Northwestern Mutual Wealth Management Co. bought a new position in shares of Venture Global during the second quarter valued at about $26,000. MAI Capital Management bought a new position in shares of Venture Global during the third quarter valued at about $29,000. Harbour Investments Inc. bought a new position in shares of Venture Global during the fourth quarter valued at about $29,000. Finally, Rockefeller Capital Management L.P. raised its stake in Venture Global by 218.1% in the fourth quarter. Rockefeller Capital Management L.P. now owns 4,421 shares of the company’s stock worth $30,000 after buying an additional 3,031 shares in the last quarter.
Wall Street Analyst Weigh In
Several analysts have weighed in on VG shares. Morgan Stanley boosted their price target on shares of Venture Global from $20.00 to $22.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 13th. Weiss Ratings raised shares of Venture Global from a “sell (d+)” rating to a “hold (c)” rating in a research note on Friday, May 8th. New Street Research set a $15.00 price target on shares of Venture Global in a research note on Tuesday, March 3rd. Bank of America upped their price objective on shares of Venture Global from $13.00 to $16.00 and gave the company a “buy” rating in a research note on Friday, March 20th. Finally, Zacks Research raised shares of Venture Global from a “strong sell” rating to a “hold” rating in a research note on Friday, February 13th. Nine investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $16.25.
Check Out Our Latest Research Report 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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