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

Robert B. Pender, an insider at Venture Global, Inc. (NYSE:VG - Get Free Report), made a significant purchase of 250,000 shares of the company's stock on Monday, March 10th. The shares were acquired at an average price of $9.37 per share, leading to a total transaction value of $2,342,500. Following this purchase, Pender now holds 250,000 shares, which are currently valued at around $2,342,500. This transaction indicates a notable increase in their stake in the company. The details of this transaction have been formally disclosed in a filing with the Securities and Exchange Commission (SEC), which can be found on their website.

Venture Global's stock has demonstrated volatility, recently showing an upward trend of 9.6%. During midday trading on Tuesday, the stock rose by $0.86 to reach $9.81. The trading volume for Venture Global was noted at 2,370,900 shares, compared to its average trading volume of 9,001,671 shares. The stock has experienced a 52-week range with a low of $8.62 and a high of $25.50.

Recent Earnings Performance

On March 6th, Venture Global announced its latest earnings report, revealing earnings of $0.33 per share, which surpassed analysts' expectations of $0.30 per share by $0.03. The company reported a revenue figure of $1.52 billion for the quarter. Looking forward, analysts anticipate that Venture Global, Inc. will report earnings of approximately $0.52 per share for the current fiscal year.

Dividend Announcement

Additionally, Venture Global has recently announced a quarterly dividend to be paid on March 31st. Stockholders who were on record as of March 10th will receive a dividend of $0.0165 per share. The ex-dividend date for this payment is also set for March 10th. This dividend represents an annual yield of $0.07, equating to a yield of 0.67%.

Analyst Ratings Overview

Various equity analysts have recently provided updates regarding Venture Global's stock. JPMorgan Chase & Co. revised their price target for the shares from $25.00 to $16.00 while maintaining an "overweight" rating in a report dated last Friday. StockNews.com changed their rating from "hold" to "sell" on March 4th. Deutsche Bank initiated coverage with a "buy" rating and a price target of $19.00. Furthermore, Mizuho lowered their target price from $25.00 to $18.00, placing an "outperform" rating on the stock. Guggenheim also adjusted their price target from $27.00 to $20.00 with a "buy" rating. Currently, one analyst has rated the stock as a sell, four have a hold rating, and seven have given it a buy rating. The overall consensus rating for Venture Global is a "Moderate Buy," with an average target price of $18.82.

About Venture Global

Venture Global has redefined the landscape of liquefied natural gas (LNG) production and construction, positioning itself as a rapidly growing entity delivering vital LNG to the global market. Its innovative and disruptive methods are both scalable and replicable, enabling faster and lower-cost LNG delivery to the world.

Investment, Acquisition, Earnings