Venture Global (NYSE:VG) Stock Price Down 2.4% – Time to Sell?

Venture Global, Inc. (NYSE:VG)’s share price dropped 2.4% during trading on Monday . The company traded as low as $8.41 and last traded at $8.42. Approximately 994,461 shares were traded during mid-day trading, a decline of 88% from the average daily volume of 8,191,475 shares. The stock had previously closed at $8.63.

Analyst Upgrades and Downgrades

VG has been the topic of a number of research reports. Wells Fargo & Company decreased their price target on shares of Venture Global from $18.00 to $11.00 and set an “equal weight” rating on the stock in a research note on Tuesday, March 11th. JPMorgan Chase & Co. decreased their target price on shares of Venture Global from $16.00 to $15.00 and set an “overweight” rating on the stock in a research note on Thursday. Bank of America started coverage on Venture Global in a report on Tuesday, February 18th. They issued a “buy” rating and a $23.00 target price for the company. Scotiabank lowered their price target on Venture Global from $17.00 to $15.00 and set a “sector perform” rating for the company in a report on Friday, March 7th. Finally, StockNews.com lowered shares of Venture Global from a “hold” rating to a “sell” rating in a report on Saturday, March 15th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, Venture Global has a consensus rating of “Moderate Buy” and a consensus target price of $17.17.

Venture Global Stock Down 1.7 %

The company’s 50 day moving average price is $10.63.

Venture Global (NYSE:VG) last posted its earnings results 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 business had revenue of $1.52 billion for the quarter. Analysts expect that Venture Global, Inc. will post 0.52 earnings per share for the current year.

Venture Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 10th were issued a dividend of $0.0165 per share. This represents a $0.07 annualized dividend and a dividend yield of 0.78%. The ex-dividend date was Monday, March 10th.

Insiders Place Their Bets

In other Venture Global news, insider Robert B. Pender acquired 250,000 shares of the business’s stock in a transaction on Monday, March 10th. The stock was purchased at an average price of $9.37 per share, for a total transaction of $2,342,500.00. Following the completion of the transaction, the insider now owns 250,000 shares of the company’s stock, valued at $2,342,500. The trade was a ? increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Michael Sabel bought 234,500 shares of the company’s stock in a transaction on Friday, March 14th. The stock was bought at an average cost of $10.53 per share, with a total value of $2,469,285.00. Following the completion of the acquisition, the insider now owns 1,185,885 shares of the company’s stock, valued at $12,487,369.05. This represents a 24.65 % increase in their position. The disclosure for this purchase can be found here. Insiders have bought a total of 803,000 shares of company stock valued at $8,108,260 over the last quarter. Company insiders own 86.73% of the company’s stock.

Hedge Funds Weigh In On Venture Global

Several hedge funds have recently bought and sold shares of the company. Renaissance Capital LLC purchased a new stake in shares of Venture Global in the first quarter valued at $1,439,000. Defined Wealth Management LLC acquired a new stake in shares of Venture Global in the first quarter worth approximately $114,000. Wealth Enhancement Advisory Services LLC acquired a new position in Venture Global during the first quarter worth approximately $156,000. Exchange Traded Concepts LLC acquired a new position in shares of Venture Global in the 1st quarter valued at $1,316,000. Finally, Forefront Wealth Management Inc. purchased a new stake in shares of Venture Global during the 1st quarter valued at $938,000.

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.