Stock Traders Purchase High Volume of Put Options on Venture Global (NYSE:VG)

Venture Global, Inc. (NYSE:VG) was the target of unusually large options trading on Thursday. Stock investors purchased 20,404 put options on the company. This represents an increase of 129% compared to the typical daily volume of 8,929 put options.

Insider Activity

In related news, insider Thomas Earl sold 840,076 shares of Venture Global stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $13.74, for a total value of $11,542,644.24. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In the last 90 days, insiders sold 1,500,000 shares of company stock valued at $20,561,011. Insiders own 86.73% of the company’s stock.

Institutional Investors Weigh In On Venture Global

Institutional investors have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Venture Global during the 2nd quarter valued at about $26,000. AdvisorNet Financial Inc acquired a new stake in shares of Venture Global during the 2nd quarter valued at about $28,000. Center for Financial Planning Inc. acquired a new stake in shares of Venture Global during the 1st quarter valued at about $37,000. Delos Wealth Advisors LLC acquired a new stake in shares of Venture Global during the 2nd quarter valued at about $45,000. Finally, Future Financial Wealth Managment LLC acquired a new stake in shares of Venture Global during the 2nd quarter valued at about $47,000.

Venture Global Trading Up 1.1%

Shares of VG stock opened at $13.94 on Friday. Venture Global has a 1-year low of $6.75 and a 1-year high of $25.50. The company has a current ratio of 1.39, a quick ratio of 1.33 and a debt-to-equity ratio of 3.38. The stock’s fifty day simple moving average is $13.68 and its 200-day simple moving average is $12.80.

Venture Global Increases Dividend

The company also recently declared a half year 25 dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 19th were paid a dividend of $0.017 per share. This is a boost from Venture Global’s previous half year 25 dividend of $0.02. The ex-dividend date of this dividend was Friday, September 19th. This represents a dividend yield of 50.0%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on VG shares. Wall Street Zen upgraded Venture Global from a “sell” rating to a “hold” rating in a report on Saturday, June 28th. Scotiabank lifted their target price on Venture Global from $13.00 to $16.00 and gave the stock a “sector perform” rating in a report on Tuesday, July 15th. JPMorgan Chase & Co. lifted their target price on Venture Global from $15.00 to $17.00 and gave the stock an “overweight” rating in a report on Thursday, July 24th. Wells Fargo & Company lifted their target price on Venture Global from $12.00 to $14.00 and gave the stock an “equal weight” rating in a report on Thursday, August 14th. Finally, Deutsche Bank Aktiengesellschaft upgraded Venture Global from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a report on Thursday, August 28th. Nine research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $17.00.

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.