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 Venture Global stock in a transaction dated Friday, March 14th. The shares were acquired at an average price of $10.53 per share, with a total value of $2,469,285.00. Following the completion of the transaction, the insider now owns 1,185,885 shares of the company’s stock, valued at approximately $12,487,369.05. This trade represents a 24.65 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Venture Global Trading Up 10.0 %

NYSE VG opened at $10.65 on Friday. Venture Global, Inc. has a 1 year low of $8.62 and a 1 year high of $25.50.

Venture Global (NYSE:VG) last posted its quarterly earnings results on Thursday, March 6th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.03. The company had revenue of $1.52 billion during the quarter. Equities analysts anticipate that Venture Global, Inc. will post 0.52 earnings per share 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. Shareholders of record on Monday, March 10th will be given a dividend of $0.0165 per share. 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 Ratings Changes

VG has been the subject of several analyst reports. Royal Bank of Canada initiated coverage on Venture Global in a research report on Tuesday, February 18th. They set an “outperform” rating and a $20.00 price objective for the company. StockNews.com downgraded Venture Global from a “hold” rating to a “sell” rating in a research report on Saturday. Deutsche Bank Aktiengesellschaft initiated coverage on Venture Global in a research report on Tuesday, February 18th. They set a “buy” rating and a $19.00 price objective for the company. Scotiabank reduced their price objective 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. Finally, Bank of America began coverage on Venture Global in a report on Tuesday, February 18th. They set a “buy” rating and a $23.00 target price on the stock. 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. Based on 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.