Venture Global (NYSE:VG) Shares Down 5.4% - Time to Sell?

Venture Global, Inc. (NYSE:VG - Get Free Report) fell 5.4% during mid-day trading on Thursday . The company traded as low as $10.62 and last traded at $10.63. 3,239,727 shares traded hands during mid-day trading, a decline of 63% from the average session volume of 8,698,186 shares. The stock had previously closed at $11.24.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on VG. Citigroup lowered their target price on shares of Venture Global from $18.00 to $11.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 11th. Wells Fargo & Company lowered their price objective 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. The Goldman Sachs Group set a $20.00 target price on Venture Global and gave the company a "buy" rating in a research note on Friday, March 7th. StockNews.com downgraded Venture Global from a "hold" rating to a "sell" rating in a research note on Saturday, March 15th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Venture Global in a research report on Tuesday, February 18th. They set a "buy" rating and a $19.00 price objective on the stock. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $17.55.

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Venture Global Stock Performance

Venture Global (NYSE:VG - Get Free Report) last issued its quarterly earnings data on Thursday, March 6th. The company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.03. The company had revenue of $1.52 billion for the quarter. On average, sell-side analysts anticipate that Venture Global, Inc. will post 0.52 earnings per share for the current fiscal year.

Venture Global Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be given 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 0.64%.

Insider Buying and Selling at Venture Global

In other Venture Global news, insider Michael Sabel bought 234,500 shares of the company's stock in a transaction on Friday, March 14th. The stock was acquired at an average price 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 approximately $12,487,369.05. This represents a 24.65 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Robert B. Pender bought 269,500 shares of the business's stock in a transaction dated Wednesday, March 12th. The shares were acquired at an average cost of $10.39 per share, for a total transaction of $2,800,105.00. Following the purchase, the insider now owns 719,885 shares of the company's stock, valued at approximately $7,479,605.15. The trade was a 59.84 % increase in their position. The disclosure for this purchase can be found here. Insiders have bought 803,000 shares of company stock worth $8,108,260 over the last quarter. Insiders own 4.72% of the company's stock.

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.