Venture Global, Inc. (NYSE:VG) Insider Purchases $2,469,285.00 in Stock

Venture Global, Inc. (NYSE:VG) insider Michael Sabel purchased 234,500 shares of the business’s stock in a transaction that occurred on Friday, March 14th. The stock was bought at an average cost of $10.53 per share, for a total transaction of $2,469,285.00. Following the completion of the acquisition, the insider now directly owns 1,185,885 shares in the company, valued at $12,487,369.05. The trade was a 24.65 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Venture Global Trading Up 10.0 %

Shares of VG opened at $10.65 on Friday. Venture Global, Inc. has a twelve month low of $8.62 and a twelve month high of $25.50.

Venture Global (NYSE:VG) last announced its quarterly earnings results on Thursday, March 6th. The company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.03. The company had revenue of $1.52 billion for the quarter. As a group, sell-side analysts expect that Venture Global, Inc. will post 0.52 earnings per share for the current year.

Venture Global Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders 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 dividend yield of 0.62%. The ex-dividend date is Monday, March 10th.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Venture Global in a report on Tuesday, February 18th. They issued a “buy” rating and a $19.00 price target on the stock. StockNews.com downgraded shares of Venture Global from a “hold” rating to a “sell” rating in a report on Saturday. Citigroup cut their price target on shares of Venture Global from $18.00 to $11.00 and set a “neutral” rating on the stock in a report on Tuesday. Bank of America assumed coverage on shares of Venture Global in a report on Tuesday, February 18th. They issued a “buy” rating and a $23.00 price target on the stock. Finally, Mizuho cut their price target on shares of Venture Global from $25.00 to $18.00 and set an “outperform” rating on the stock in a report on Tuesday. One equities research 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. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price 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.