Venture Global, Inc. (NYSE:VG) Declares Quarterly Dividend of $0.04

Venture Global, Inc. (NYSE:VGGet Free Report) declared a quarterly dividend on Tuesday, August 11th. Stockholders of record on Tuesday, September 15th will be given a dividend of 0.04 per share on Wednesday, September 30th. This represents a c) annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Tuesday, September 15th. This is a 122.2% increase from Venture Global’s previous quarterly dividend of $0.02.

Venture Global Trading Down 7.0%

Shares of VG traded down $0.99 during midday trading on Tuesday, hitting $13.27. The stock had a trading volume of 23,357,833 shares, compared to its average volume of 19,133,762. 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 cap of $32.96 billion, a PE ratio of 14.74, a price-to-earnings-growth ratio of 0.59 and a beta of 0.22. Venture Global has a 1 year low of $5.72 and a 1 year high of $17.62. The stock’s 50 day moving average is $12.47 and its 200 day moving average is $12.29.

Venture Global (NYSE:VGGet Free Report) last issued its earnings results on Monday, August 10th. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.01. Venture Global had a net margin of 16.94% and a return on equity of 26.90%. The firm had revenue of $4.58 billion during the quarter. As a group, analysts forecast that Venture Global will post 1.51 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Thomas Earl sold 1,000,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $12.44, for a total value of $12,440,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Fory Musser sold 233,735 shares of Venture Global stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $12.61, for a total value of $2,947,398.35. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 4,459,399 shares of company stock valued at $58,670,384 in the last ninety days. Company insiders own 84.24% of the company’s stock.

Hedge Funds Weigh In On Venture Global

Several large investors have recently added to or reduced their stakes in VG. Bank of New York Mellon Corp purchased a new position in shares of Venture Global in the 2nd quarter worth about $14,230,000. Corecam AG acquired a new stake in shares of Venture Global during the second quarter valued at about $2,401,000. Fort Washington Investment Advisors Inc. OH purchased a new stake in Venture Global during the 2nd quarter worth approximately $1,446,000. Farther Finance Advisors LLC increased its stake in shares of Venture Global by 1,876.8% in the second quarter. Farther Finance Advisors LLC now owns 109,484 shares of the company’s stock worth $1,219,000 after buying an additional 115,646 shares during the last quarter. Finally, Seelaus Asset Management LLC bought a new position in shares of Venture Global during the second quarter worth about $273,000.

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.

See Also

Dividend History for Venture Global (NYSE:VG)

Receive News & Ratings for Venture Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Venture Global and related companies with MarketBeat.com's FREE daily email newsletter.