Insider Buying: Venture Global (NYSE:VG) Insider Buys 1,226 Shares of Stock

Venture Global, Inc. (NYSE:VG) insider Michael Sabel purchased 1,226 shares of Venture Global stock in a transaction dated Friday, June 12th. The shares were purchased at an average price of $13.04 per share, with a total value 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. The trade was a 0.10% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Venture Global Stock Down 10.6%

Shares of Venture Global stock traded down $1.39 during trading on Monday, hitting $11.70. 25,346,449 shares of the stock traded hands, compared to its average volume of 20,695,873. The stock has a market cap of $29.05 billion, a P/E ratio of 12.99, a PEG ratio of 0.57 and a beta of 0.27. The company has a debt-to-equity ratio of 3.40, a quick ratio of 0.80 and a current ratio of 0.87. Venture Global, Inc. has a twelve month low of $5.72 and a twelve month high of $19.50. The company has a fifty day moving average price of $13.00 and a two-hundred day moving average price of $10.74.

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

Venture Global Dividend Announcement

The company also recently declared 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. This represents a $0.07 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Monday, June 15th. Venture Global’s payout ratio is currently 7.78%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. US Capital Advisors set a $13.00 target price on Venture Global in a report on Friday, May 29th. Weiss Ratings upgraded Venture Global from a “sell (d+)” rating to a “hold (c)” rating in a report on Friday, May 8th. Wells Fargo & Company boosted their target price on Venture Global from $10.00 to $14.00 and gave the stock an “equal weight” rating in a report on Wednesday, March 25th. Citigroup upgraded 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 report on Wednesday, May 13th. Finally, JPMorgan Chase & Co. upgraded 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 report on Thursday, June 4th. Ten research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $16.31.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in VG. Blue Trust Inc. increased its position in Venture Global by 1,750.0% in the 4th quarter. Blue Trust Inc. now owns 3,700 shares of the company’s stock worth $25,000 after buying an additional 3,500 shares during the period. Northwestern Mutual Wealth Management Co. bought a new position in Venture Global in the 2nd quarter worth approximately $26,000. MAI Capital Management bought a new position in Venture Global in the 3rd quarter worth approximately $29,000. Harbour Investments Inc. bought a new stake in shares of Venture Global during the fourth quarter valued at approximately $29,000. Finally, Rockefeller Capital Management L.P. increased its position in shares of Venture Global by 218.1% during the fourth quarter. Rockefeller Capital Management L.P. now owns 4,421 shares of the company’s stock valued at $30,000 after purchasing an additional 3,031 shares during the period.

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.