Robert B. Pender Buys 250,000 Shares of Venture Global, Inc. (NYSE:VG) Stock

Venture Global, Inc. (NYSE:VG) insider Robert B. Pender purchased 250,000 shares of the firm’s stock in a transaction that occurred 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 owns 250,000 shares of the company’s stock, valued at $2,342,500. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Venture Global Stock Up 6.3 %

NYSE VG opened at $10.28 on Thursday. Venture Global, Inc. has a 12 month low of $8.62 and a 12 month high of $25.50.

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

Venture Global Announces Dividend

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 issued a $0.0165 dividend. 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.

Analysts Set New Price Targets

A number of research firms recently issued reports on VG. Scotiabank decreased their price target on shares of Venture Global from $17.00 to $15.00 and set a “sector perform” rating on the stock in a research note on Friday, March 7th. Guggenheim reduced their target price on shares of Venture Global from $27.00 to $20.00 and set a “buy” rating on the stock in a research note on Monday. Mizuho reduced their target price on shares of Venture Global from $25.00 to $18.00 and set an “outperform” rating on the stock in a research note on Tuesday. Wells Fargo & Company reduced their target price on shares of Venture Global from $18.00 to $11.00 and set an “equal weight” rating on the stock in a research note on Tuesday. Finally, The Goldman Sachs Group set a $20.00 target price on shares of Venture Global and gave the company a “buy” rating in a research note on Friday, March 7th. One 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 MarketBeat.com, Venture Global presently has a consensus 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.