Michael Sabel Acquires 234,500 Shares of Venture Global, Inc. (NYSE:VG) Stock

Venture Global, Inc. (NYSE:VG) insider Michael Sabel acquired 234,500 shares of the business’s stock in a transaction 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 transaction, the insider now directly owns 1,185,885 shares of the company’s stock, valued at $12,487,369.05. This trade represents a 24.65 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Venture Global Stock Up 10.0 %

NYSE:VG opened at $10.65 on Friday. Venture Global, Inc. has a one year low of $8.62 and a one year high of $25.50.

Venture Global (NYSE:VG) last issued its earnings results on Thursday, March 6th. The company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.03. The company had revenue of $1.52 billion during the quarter. On average, research analysts predict that Venture Global, Inc. will post 0.52 EPS for the current year.

Venture Global Announces Dividend

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

Analysts Set New Price Targets

VG has been the topic of several research reports. StockNews.com lowered Venture Global from a “hold” rating to a “sell” rating in a research report on Saturday. The Goldman Sachs Group set a $20.00 price objective on Venture Global and gave the company a “buy” rating in a research report on Friday, March 7th. Sanford C. Bernstein assumed coverage on Venture Global in a research report on Tuesday, February 4th. They issued a “market perform” rating and a $20.00 price objective on the stock. Wells Fargo & Company dropped their target price on Venture Global from $18.00 to $11.00 and set an “equal weight” rating on the stock in a research report on Tuesday, March 11th. Finally, Citigroup dropped their target price on Venture Global from $18.00 to $11.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 11th. 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 company’s stock. According to data from MarketBeat, 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.