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

Venture Global, Inc. (NYSE:VGGet Free Report) insider Michael Sabel purchased 1,226 shares of the firm’s stock in a transaction dated Friday, June 12th. The shares were bought at an average cost of $13.04 per share, with a total value of $15,987.04. Following the transaction, the insider directly owned 1,187,111 shares of the company’s stock, valued at approximately $15,479,927.44. This represents a 0.10% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Venture Global Stock Down 10.6%

Shares of VG stock traded down $1.39 during mid-day trading on Monday, reaching $11.70. 25,346,449 shares of the company were exchanged, compared to its average volume of 20,695,873. Venture Global, Inc. has a fifty-two week low of $5.72 and a fifty-two week high of $19.50. The company has a debt-to-equity ratio of 3.40, a quick ratio of 0.80 and a current ratio of 0.87. The company has a market capitalization 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. The business’s 50 day simple moving average is $13.00 and its 200 day simple moving average is $10.74.

Venture Global (NYSE:VGGet Free Report) last released its quarterly earnings results on Monday, May 11th. The company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.07. Venture Global had a net margin of 16.94% and a return on equity of 26.90%. The business had revenue of $4.60 billion during the quarter. Venture Global’s quarterly revenue was up 58.9% compared to the same quarter last year. Research analysts predict that Venture Global, Inc. will post 1.46 earnings per share for the current year.

Venture Global Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be paid a dividend of $0.018 per share. The ex-dividend date is Monday, June 15th. This represents a $0.07 annualized dividend and a yield of 0.6%. Venture Global’s dividend payout ratio (DPR) is 7.78%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of VG. Royal Bank of Canada acquired a new position in Venture Global during the first quarter worth about $2,150,000. Integrated Wealth Concepts LLC purchased a new position in Venture Global in the 1st quarter worth about $152,000. NewEdge Advisors LLC purchased a new position in Venture Global during the 1st quarter valued at about $460,000. Northwestern Mutual Wealth Management Co. purchased a new position in Venture Global during the 2nd quarter valued at about $26,000. Finally, Amundi purchased a new position in Venture Global during the 2nd quarter valued at about $213,000.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Morgan Stanley raised their price objective on Venture Global from $20.00 to $22.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 13th. Citigroup upgraded Venture Global from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $12.00 to $17.00 in a research note on Wednesday, May 13th. 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. Scotiabank lifted their price objective on shares of Venture Global from $13.00 to $15.00 and gave the company a “sector perform” rating in a research note on Wednesday, May 13th. Finally, Raymond James Financial restated an “outperform” rating and set a $16.00 price objective on shares of Venture Global in a research note on Wednesday, May 20th. Ten equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $16.31.

Get Our Latest Stock Analysis on Venture Global

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.

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