Venture Global (NYSE:VG) Insider Michael Sabel Purchases 1,226 Shares of Stock

Venture Global, Inc. (NYSE:VG) insider Michael Sabel purchased 1,226 shares of the stock in a transaction dated Friday, June 12th. The shares were bought at an average price 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 $15,479,927.44. This represents a 0.10% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Venture Global Trading Down 10.6%

Venture Global stock opened at $11.70 on Tuesday. The stock has a market cap of $29.05 billion, a P/E ratio of 12.99, a P/E/G ratio of 0.57 and a beta of 0.27. Venture Global, Inc. has a 12 month low of $5.72 and a 12 month high of $19.50. The company’s fifty day simple moving average is $12.94 and its 200-day simple moving average is $10.77. 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 (NYSE:VG) last issued its quarterly earnings data on Monday, May 11th. The company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.07. The firm had revenue of $4.60 billion during the quarter. Venture Global had a net margin of 16.94% and a return on equity of 26.90%. The company’s revenue was up 58.9% compared to the same quarter last year. As a group, sell-side analysts forecast that Venture Global, Inc. will post 1.46 EPS for the current fiscal year.

Venture Global Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be given a dividend of $0.018 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $0.07 dividend on an annualized basis and a yield of 0.6%. Venture Global’s payout ratio is currently 7.78%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Weiss Ratings raised shares of Venture Global from a “sell (d+)” rating to a “hold (c)” rating in a research report on Friday, May 8th. JPMorgan Chase & Co. raised shares of Venture Global from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $16.00 to $17.00 in a research report on Thursday, June 4th. New Street Research set a $15.00 target price on shares of Venture Global in a research report on Tuesday, March 3rd. Scotiabank boosted their target price on shares of Venture Global from $13.00 to $15.00 and gave the stock a “sector perform” rating in a research report on Wednesday, May 13th. Finally, Citigroup raised shares of Venture Global from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $12.00 to $17.00 in a research report on Wednesday, May 13th. Ten investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $16.31.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. acquired a new position in Venture Global in the second quarter worth about $26,000. MAI Capital Management acquired a new stake in shares of Venture Global during the third quarter worth approximately $29,000. Blue Trust Inc. raised its stake in shares of Venture Global by 1,750.0% in 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. Harbour Investments Inc. bought a new position in shares of Venture Global in the fourth quarter valued at approximately $29,000. Finally, Rockefeller Capital Management L.P. boosted its holdings in shares of Venture Global by 218.1% in the 4th quarter. Rockefeller Capital Management L.P. now owns 4,421 shares of the company’s stock worth $30,000 after acquiring an additional 3,031 shares in 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.