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

Venture Global, Inc. (NYSE:VG) insider Michael Sabel purchased 1,226 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The stock was bought at an average price of $13.04 per share, with a total value of $15,987.04. Following the transaction, the insider directly owned 1,187,111 shares in the company, valued at $15,479,927.44. This trade represents a 0.10% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Venture Global Trading Down 5.2%

NYSE:VG opened at $11.10 on Wednesday. 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 1-year low of $5.72 and a 1-year high of $19.50. The firm has a market capitalization of $27.57 billion, a price-to-earnings ratio of 12.33, a price-to-earnings-growth ratio of 0.51 and a beta of 0.27. The stock has a fifty day simple moving average of $12.87 and a 200 day simple moving average of $10.80.

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 analysts’ consensus estimates of $0.12 by $0.07. Venture Global had a return on equity of 26.90% and a net margin of 16.94%.The business had revenue of $4.60 billion during the quarter. The company’s revenue for the quarter was up 58.9% on a year-over-year basis. Sell-side analysts forecast that Venture Global, Inc. will post 1.46 earnings per share for the current year.

Venture Global Announces Dividend

The firm also recently disclosed 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 is Monday, June 15th. This represents a $0.07 dividend on an annualized basis and a yield of 0.6%. Venture Global’s dividend payout ratio (DPR) is presently 7.78%.

Institutional Investors Weigh In On Venture Global

Hedge funds and other institutional investors have recently made changes to their positions in the company. Blue Trust Inc. raised its stake in shares of Venture Global by 1,750.0% during the 4th quarter. Blue Trust Inc. now owns 3,700 shares of the company’s stock worth $25,000 after purchasing an additional 3,500 shares in the last quarter. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Venture Global during the 2nd quarter worth about $26,000. MAI Capital Management purchased a new stake in shares of Venture Global during the 3rd quarter worth about $29,000. Harbour Investments Inc. purchased a new stake in shares of Venture Global during the 4th quarter worth about $29,000. Finally, Rockefeller Capital Management L.P. raised its stake in shares of Venture Global by 218.1% during the 4th quarter. Rockefeller Capital Management L.P. now owns 4,421 shares of the company’s stock worth $30,000 after purchasing an additional 3,031 shares in the last quarter.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. The Goldman Sachs Group set a $18.00 price objective on Venture Global in a research report on Thursday, May 14th. Bank of America raised their price objective on Venture Global from $13.00 to $16.00 and gave the stock a “buy” rating in a research report on Friday, March 20th. 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 report on Wednesday, May 13th. Mizuho raised their price objective on Venture Global from $12.00 to $13.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Finally, Wall Street Zen upgraded Venture Global from a “sell” rating to a “hold” rating in a research report on Sunday, March 22nd. Nine research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target 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.