Venture Global, Inc. (NYSE:VG) Insider Robert B. Pender Buys 269,500 Shares

Venture Global, Inc. (NYSE:VG) insider Robert B. Pender purchased 269,500 shares of the company’s stock in a transaction on Wednesday, March 12th. The stock was acquired at an average price of $10.39 per share, with a total value of $2,800,105.00. Following the completion of the purchase, the insider now directly owns 719,885 shares in the company, valued at $7,479,605.15. This trade represents a 59.84 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Venture Global Stock Performance

Shares of Venture Global stock traded up $0.61 during trading on Wednesday, hitting $10.28. The stock had a trading volume of 8,198,151 shares, compared to its average volume of 9,351,216. Venture Global, Inc. has a 12 month low of $8.62 and a 12 month 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 (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. As a group, analysts predict that Venture Global, Inc. will post 0.52 earnings per share for the current fiscal year.

Venture Global Announces Dividend

The firm 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 dividend of $0.0165 per share. This represents a $0.07 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date is Monday, March 10th.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on VG. Sanford C. Bernstein initiated coverage on shares of Venture Global in a report on Tuesday, February 4th. They issued a “market perform” rating and a $20.00 target price on the stock. Deutsche Bank Aktiengesellschaft initiated coverage on Venture Global in a research note on Tuesday, February 18th. They set a “buy” rating and a $19.00 price target for the company. Scotiabank lowered their target price 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. Bank of America began coverage on shares of Venture Global in a research report on Tuesday, February 18th. They issued a “buy” rating and a $23.00 price target on the stock. Finally, The Goldman Sachs Group set a $20.00 price objective on shares of Venture Global and gave the company a “buy” rating 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 assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target 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.