Robert B. Pender Acquires 269,500 Shares of Venture Global, Inc. (NYSE:VG) Stock

On March 12th, Robert B. Pender, an insider at Venture Global, Inc. (NYSE:VG), made a significant purchase of 269,500 shares of the company's stock. The shares were acquired at an average price of $10.39 each, bringing the total transaction value to approximately $2,800,105. Following this acquisition, Pender now holds a total of 719,885 shares, which equates to a market value of around $7,479,605.

This transaction marks a 59.84% increase in Pender's ownership stake in the company. The details of this trade have been duly filed with the Securities and Exchange Commission (SEC) and can be accessed through their official portal.

Venture Global Stock Performance

During midday trading on Wednesday, Venture Global's stock saw an increase of $0.61, reaching $10.28 per share. The trading volume for the day was 8,198,151 shares, which is slightly below the average daily volume of 9,351,216 shares. The stock has experienced a 52-week low of $8.62 and a high of $25.50.

Recent Earnings Report

Venture Global, Inc. reported its earnings results on March 6th. The company achieved earnings of $0.33 per share (EPS), surpassing the consensus estimate of $0.30 by $0.03. The total revenue reported for the quarter stood at $1.52 billion. Analysts project that for the current year, the company will post an EPS of $0.52.

Dividend Announcement

In addition to the above, Venture Global announced that it will be paying a quarterly dividend on March 31st. Shareholders who were on record as of March 10th will receive a dividend payment of $0.0165 per share. This translates to an annual dividend amount of $0.07 and a yield of 0.64%. The ex-dividend date is also set for March 10th.

Analyst Ratings Changes

The stock has recently been analyzed by multiple research firms. Mizuho lowered their price target for Venture Global from $25.00 to $18.00 and maintained an "outperform" rating. Royal Bank of Canada has started coverage on Venture Global with an "outperform" rating and a target price of $20.00. Meanwhile, JPMorgan Chase cut their price target from $25.00 to $16.00 while keeping an "overweight" rating. StockNews.com downgraded the company from a "hold" to a "sell" rating. Currently, one analyst rates the stock as a sell, four as hold, and seven as buy, yielding an average rating of "Moderate Buy" with a consensus target price of $17.55.

About Venture Global

Venture Global has transformed the development and construction of liquefied natural gas (LNG) production, positioning itself as a quickly growing entity in the global market. The company's innovative and scalable approach enables it to deliver LNG more rapidly and cost-effectively.

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