Robert B. Pender Acquires 269,500 Shares of Venture Global, Inc. (NYSE:VG) Stock

Venture Global, Inc. (NYSE:VG) insider Robert B. Pender acquired 269,500 shares of the stock in a transaction on Wednesday, March 12th. The shares were bought at an average price of $10.39 per share, with a total value of $2,800,105.00. Following the purchase, the insider now directly owns 719,885 shares of the company’s stock, valued at $7,479,605.15. The trade was a 59.84 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Venture Global Stock Performance

VG traded up $0.61 during midday trading on Wednesday, reaching $10.28. The company had a trading volume of 8,198,151 shares, compared to its average volume of 9,351,216. Venture Global, Inc. has a 1 year low of $8.62 and a 1 year high of $25.50.

Venture Global (NYSE:VG) last released its earnings results on Thursday, March 6th. The company reported $0.33 earnings per share (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. Analysts forecast that Venture Global, Inc. will post 0.52 EPS for the current year.

Venture Global Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be paid a dividend of $0.0165 per share. This represents a $0.07 dividend on an annualized basis and a dividend yield of 0.64%. The ex-dividend date of this dividend is Monday, March 10th.

Analyst Ratings Changes

VG has been the subject of several research analyst reports. Mizuho reduced 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. Royal Bank of Canada initiated coverage on shares of Venture Global in a research note on Tuesday, February 18th. They set an “outperform” rating and a $20.00 target price for the company. JPMorgan Chase & Co. dropped their price target on Venture Global from $25.00 to $16.00 and set an “overweight” rating on the stock in a research note on Friday, March 7th. StockNews.com cut Venture Global from a “hold” rating to a “sell” rating in a research report on Tuesday, March 4th. Finally, The Goldman Sachs Group set a $20.00 target price on Venture Global and gave the company a “buy” rating in a report on Friday, March 7th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently 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.