Venture Global, Inc. (NYSE:VG) Insider Acquires $2,342,500.00 in Stock

Venture Global, Inc. (NYSE:VG) insider Robert B. Pender bought 250,000 shares of the business’s stock in a transaction on Monday, March 10th. The shares were acquired at an average cost of $9.37 per share, for a total transaction of $2,342,500.00. Following the purchase, the insider now directly owns 250,000 shares in the company, valued at $2,342,500. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

Venture Global Stock Down 5.7 %

NYSE:VG opened at $9.67 on Friday. Venture Global, Inc. has a 1-year low of $8.62 and a 1-year high of $25.50.

Venture Global (NYSE:VG) last announced its earnings results on Thursday, March 6th. The company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.30 by $0.03. The firm had revenue of $1.52 billion during the quarter. On average, equities analysts anticipate that Venture Global, Inc. will post 0.52 EPS for the current year.

Venture Global Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be given a dividend of $0.0165 per share. This represents a $0.07 annualized dividend and a yield of 0.68%. The ex-dividend date is Monday, March 10th.

Analyst Upgrades and Downgrades

VG has been the subject of a number of research analyst reports. StockNews.com lowered shares of Venture Global from a “hold” rating to a “sell” rating in a research note on Tuesday, March 4th. The Goldman Sachs Group set a $20.00 target price on Venture Global and gave the stock a “buy” rating in a research report on Friday, March 7th. Bank of America started coverage on Venture Global in a research report on Tuesday, February 18th. They set a “buy” rating and a $23.00 price target on the stock. Mizuho cut their price objective on Venture Global from $25.00 to $18.00 and set an “outperform” rating for the company in a report on Tuesday. Finally, Royal Bank of Canada started coverage on Venture Global in a report on Tuesday, February 18th. They set an “outperform” rating and a $20.00 target price on the stock. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $17.55.

About Venture Global

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.