Insider Buying: Venture Global, Inc. (NYSE:VG) Insider Buys $2,800,105.00 in Stock

Venture Global, Inc. (NYSE:VGGet Free Report) insider Robert B. Pender purchased 269,500 shares of the company’s stock in a transaction on Wednesday, March 12th. The shares were bought at an average cost of $10.39 per share, with a total value of $2,800,105.00. Following the transaction, the insider now directly owns 719,885 shares of the company’s stock, valued at $7,479,605.15. This represents a 59.84 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website.

Venture Global Stock Up 10.0 %

VG stock opened at $10.65 on Friday. Venture Global, Inc. has a 12-month low of $8.62 and a 12-month high of $25.50.

Venture Global (NYSE:VGGet Free Report) last posted its quarterly earnings results on Thursday, March 6th. The company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.03. The firm had revenue of $1.52 billion for the quarter. Equities research analysts forecast that Venture Global, Inc. will post 0.52 EPS for the current fiscal year.

Venture Global Announces Dividend

The company also recently declared 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 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date of this dividend is Monday, March 10th.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Citigroup dropped their price target on Venture Global from $18.00 to $11.00 and set a “neutral” rating for the company in a research report on Tuesday. Wells Fargo & Company dropped their price target on Venture Global from $18.00 to $11.00 and set an “equal weight” rating for the company in a research report on Tuesday. The Goldman Sachs Group set a $20.00 price target on Venture Global and gave the stock a “buy” rating in a research report on Friday, March 7th. StockNews.com downgraded Venture Global from a “hold” rating to a “sell” rating in a research report on Saturday. Finally, Scotiabank lowered their price objective on Venture Global from $17.00 to $15.00 and set a “sector perform” rating for the company in a research report on Friday, March 7th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, Venture Global currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.55.

View Our Latest Stock Report on Venture Global

Venture Global Company Profile

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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.

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