Venture Global CEO Michael Sabel acquires $2.39 million in stock

Michael Sabel, the Chief Executive Officer and Co-Chairman of Venture Global, Inc. (NASDAQ:VG), has made significant stock acquisitions, according to a recent SEC filing. On March 13, Sabel purchased a total of 231,500 shares of the company’s Class A Common Stock. The transactions were executed at prices ranging from $10.18 to $10.69 per share, resulting in a total investment of approximately $2.39 million. The purchases come as the stock trades near $9.68, down significantly from its 52-week high of $25.50, according to InvestingPro data.

These purchases increase Sabel’s direct ownership to 951,385 shares. The acquisitions reflect Sabel’s continued commitment to Venture Global, a company specializing in natural gas distribution with a market capitalization of $24.8 billion. While the company operates with a significant debt burden, InvestingPro analysis reveals 16 additional key insights about the company’s financial health and market position. The transactions were disclosed in a Form 4 filing with the Securities and Exchange Commission.

In other recent news, Venture Global has faced several adjustments in analyst projections and price targets following its earnings announcements and guidance updates. Citi analysts lowered their price target for Venture Global to $11.00 from $18.00, maintaining a Neutral rating due to anticipated declines in cash flow and a revised EBITDA estimate of $6.9 billion for 2025, down from an earlier estimate of $8.3 billion. Mizuho (NYSE:MFG) Securities also reduced their price target to $18.00 from $25.00, but maintained an Outperform rating, citing the company’s adjusted EBITDA guidance for 2025, which fell short by approximately $2 billion. Bernstein SocGen cut their target to $12.00 from $18.00, maintaining a Market Perform rating, following Venture Global’s inaugural earnings report that did not meet expectations, with a noted sensitivity in the company’s EBITDA forecast to liquefaction fees.

Guggenheim analysts decreased their price target to $20.00 from $27.00, retaining a Buy rating, after Venture Global’s fourth-quarter 2024 earnings report and 2025 guidance missed consensus estimates. The company’s performance was impacted by a weakening merchant commodity market and rising costs, although progress at the Plaquemines project was noted as a positive development. Despite these challenges, Venture Global continues to focus on long-term growth projects, including a planned 18.6 million tonnes per annum expansion at Plaquemines. Analysts have highlighted the company’s sensitivity to commodity price fluctuations, with significant impacts on EBITDA for every $1/mmbtu or $1/mcf variation in liquefaction fees. Management remains optimistic about the current market conditions and contract terms for their development projects, particularly with the CP2 project moving toward its Final Investment Decision.

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