Insider Buying: Venture Global, Inc. (NYSE:VG) Insider Acquires 1,226 Shares of Stock

Venture Global, Inc. (NYSE:VG - Get Free Report) insider Robert B. Pender acquired 1,226 shares of Venture Global stock in a transaction that occurred on Monday, June 30th. The stock was purchased at an average price of $15.95 per share, with a total value of $19,554.70. Following the transaction, the insider owned 1,187,111 shares of the company's stock, valued at $18,934,420.45. This trade represents a 0.10% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Venture Global Price Performance

Shares of NYSE:VG traded up $0.10 during midday trading on Friday, reaching $15.56. The company's stock had a trading volume of 3,044,365 shares, compared to its average volume of 6,178,177. The company's 50 day moving average is $12.96. Venture Global, Inc. has a 1 year low of $6.75 and a 1 year high of $25.50. The company has a quick ratio of 1.67, a current ratio of 1.73 and a debt-to-equity ratio of 3.49.

Venture Global (NYSE:VG - Get Free Report) last posted its quarterly earnings data on Tuesday, May 13th. The company reported $0.16 EPS for the quarter, missing analysts' consensus estimates of $0.24 by ($0.08). The firm had revenue of $2.89 billion for the quarter, compared to the consensus estimate of $2.83 billion. Equities research analysts forecast that Venture Global, Inc. will post 0.52 EPS for the current year.

Venture Global Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Tuesday, June 10th were issued a $0.0165 dividend. The ex-dividend date of this dividend was Tuesday, June 10th. This represents a $0.07 dividend on an annualized basis and a dividend yield of 0.42%.

Institutional Trading of Venture Global

Several institutional investors have recently made changes to their positions in the stock. Exchange Traded Concepts LLC acquired a new position in Venture Global in the first quarter valued at $1,316,000. Forefront Wealth Management Inc. purchased a new position in shares of Venture Global in the 1st quarter worth about $938,000. KG&L Capital Management LLC acquired a new position in shares of Venture Global in the 1st quarter valued at about $359,000. Renaissance Capital LLC purchased a new stake in shares of Venture Global during the 1st quarter worth about $1,439,000. Finally, Rossby Financial LCC acquired a new stake in Venture Global during the 1st quarter worth approximately $211,000.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Scotiabank decreased their price target on Venture Global from $17.00 to $15.00 and set a "sector perform" rating on the stock in a research note on Friday, March 7th. UBS Group downgraded Venture Global from a "buy" rating to a "neutral" rating and boosted their target price for the stock from $14.00 to $18.00 in a research report on Thursday, June 12th. Wall Street Zen upgraded Venture Global from a "sell" rating to a "hold" rating in a research report on Saturday, June 28th. Johnson Rice started coverage on shares of Venture Global in a research report on Tuesday, June 17th. They issued a "buy" rating and a $20.00 price objective on the stock. Finally, JPMorgan Chase & Co. dropped their target price on shares of Venture Global from $16.00 to $15.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $16.77.

Venture Global Company Profile

Venture Global has fundamentally reshaped the development and construction of liquefied natural gas production, establishing us as a rapidly growing company delivering critical LNG to the world. Our innovative and disruptive approach, which is both scalable and repeatable, allows us to bring LNG to a global market years faster and at a lower cost.