Insider Buying: Venture Global, Inc. (NYSE:VG) Insider Buys 269,500 Shares of Stock

Venture Global, Inc. (NYSE:VG) insider Robert B. Pender acquired 269,500 shares of Venture Global stock in a transaction on Wednesday, March 12th. The shares were bought at an average price of $10.39 per share, for a total transaction of $2,800,105.00. Following the purchase, the insider now owns 719,885 shares of the company’s stock, valued at $7,479,605.15. This represents a 59.84 % increase in their ownership of the stock. The purchase 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 Venture Global stock opened at $10.65 on Friday. Venture Global, Inc. has a fifty-two week low of $8.62 and a fifty-two week high of $25.50.

Venture Global (NYSE:VG) last announced its quarterly earnings data 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 firm had revenue of $1.52 billion during the quarter. On average, equities analysts predict that Venture Global, Inc. will post 0.52 EPS for the current fiscal year.

Venture Global Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be issued a $0.0165 dividend. This represents a $0.07 annualized dividend and a yield of 0.62%. The ex-dividend date of this dividend is Monday, March 10th.

Analyst Upgrades and Downgrades

A number of research analysts have commented on VG shares. The Goldman Sachs Group set a $20.00 price objective on Venture Global and gave the stock a “buy” rating in a research note on Friday, March 7th. Guggenheim reduced their price objective on Venture Global from $27.00 to $20.00 and set a “buy” rating on the stock in a research note on Monday, March 10th. Citigroup cut their price target on Venture Global from $18.00 to $11.00 and set a “neutral” rating on the stock in a research note on Tuesday. Mizuho cut their price target on Venture Global from $25.00 to $18.00 and set an “outperform” rating on the stock in a research note on Tuesday. Finally, Wells Fargo & Company cut their price target on Venture Global from $18.00 to $11.00 and set an “equal weight” rating on the stock in a research note on Tuesday. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $17.55.

Venture Global Company Profile

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.