Insider Buying: Venture Global (NYSE:VG) Insider Buys $15,987.04 in Stock

Venture Global, Inc. (NYSE:VG) insider Michael Sabel purchased 1,226 shares of the stock in a transaction on Friday, June 12th. The stock was bought at an average cost of $13.04 per share, for a total transaction of $15,987.04. Following the completion of the acquisition, the insider owned 1,187,111 shares in the company, valued at approximately $15,479,927.44. This trade represents a 0.10% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Venture Global Stock Down 0.4%

Venture Global stock opened at $11.05 on Thursday. The stock has a market cap of $27.44 billion, a P/E ratio of 12.27, a P/E/G ratio of 0.48 and a beta of 0.27. The company has a quick ratio of 0.80, a current ratio of 0.87 and a debt-to-equity ratio of 3.40. Venture Global, Inc. has a twelve month low of $5.72 and a twelve month high of $19.50. The company’s 50-day moving average price is $12.77 and its two-hundred day moving average price is $10.83.

Venture Global (NYSE:VG) last released its quarterly earnings results on Monday, May 11th. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.07. Venture Global had a net margin of 16.94% and a return on equity of 26.90%. The firm had revenue of $4.60 billion for the quarter. Venture Global’s quarterly revenue was up 58.9% on a year-over-year basis. As a group, analysts expect that Venture Global, Inc. will post 1.46 EPS for the current year.

Venture Global Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a dividend of $0.018 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $0.07 annualized dividend and a dividend yield of 0.7%. Venture Global’s dividend payout ratio (DPR) is currently 7.78%.

Institutional Trading of Venture Global

Hedge funds have recently modified their holdings of the stock. Royal Bank of Canada bought a new stake in Venture Global in the first quarter valued at $2,150,000. Integrated Wealth Concepts LLC acquired a new position in shares of Venture Global during the first quarter valued at about $152,000. NewEdge Advisors LLC acquired a new position in shares of Venture Global during the first quarter valued at about $460,000. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Venture Global during the second quarter valued at about $26,000. Finally, Amundi acquired a new position in shares of Venture Global during the second quarter valued at about $213,000.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on VG shares. US Capital Advisors set a $13.00 price objective on shares of Venture Global in a research note on Friday, May 29th. Mizuho lifted their price objective on shares of Venture Global from $12.00 to $13.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. UBS Group lifted their price objective on shares of Venture Global from $19.00 to $21.00 and gave the company a “buy” rating in a research note on Wednesday, March 25th. Wall Street Zen upgraded shares of Venture Global from a “sell” rating to a “hold” rating in a research report on Sunday, March 22nd. Finally, Scotiabank raised their target price on shares of 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 nine have assigned a Hold rating to the company. Based on data from MarketBeat, Venture Global presently has an average rating of “Moderate Buy” and a consensus target price of $15.94.

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.