Traders Buy High Volume of Venture Global Put Options (NYSE:VG)

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

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Wall Street Zen raised shares of Venture Global from a “sell” rating to a “hold” rating in a report on Saturday, June 28th. Wells Fargo & Company upped their price target on Venture Global from $12.00 to $14.00 and gave the stock an “equal weight” rating in a report on Thursday, August 14th. UBS Group upgraded Venture Global from a “neutral” rating to a “buy” rating and set a $18.00 price objective for the company in a research report on Monday, August 25th. JPMorgan Chase & Co. increased their target price on Venture Global from $15.00 to $17.00 and gave the company an “overweight” rating in a research report on Thursday, July 24th. Finally, Bank of America boosted their price target on shares of Venture Global from $12.00 to $18.50 and gave the stock a “buy” rating in a report on Wednesday, June 25th. Nine analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, Venture Global presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.00.

Venture Global Trading Down 6.5%

NYSE:VG opened at $13.77 on Friday. Venture Global has a fifty-two week low of $6.75 and a fifty-two week high of $25.50. The company has a quick ratio of 1.33, a current ratio of 1.39 and a debt-to-equity ratio of 3.38. The company has a 50 day moving average price of $13.69 and a 200 day moving average price of $12.78.

Venture Global Increases Dividend

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

Insider Transactions at Venture Global

In other Venture Global news, insider Thomas Earl sold 840,076 shares of Venture Global stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $13.74, for a total transaction of $11,542,644.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last ninety days, insiders have sold 1,500,000 shares of company stock worth $20,561,011. Company insiders own 86.73% of the company’s stock.

Hedge Funds Weigh In On Venture Global

Institutional investors have recently bought and sold shares of the company. Renaissance Capital LLC acquired a new stake in shares of Venture Global during the first quarter worth about $1,439,000. Defined Wealth Management LLC acquired a new stake in Venture Global during the 1st quarter worth approximately $114,000. Wealth Enhancement Advisory Services LLC acquired a new stake in Venture Global during the 1st quarter worth approximately $156,000. Exchange Traded Concepts LLC purchased a new position in Venture Global in the 1st quarter valued at approximately $1,316,000. Finally, Forefront Wealth Management Inc. acquired a new position in shares of Venture Global in the first quarter worth $938,000.

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.