Venture Global, Inc. (NYSE:VG - Get Free Report) Director Jimmy D. Staton bought 49,000 shares of the company's stock in a transaction that occurred on Tuesday, March 11th. The shares were bought at an average price of $10.13 per share, with a total value of $496,370.00. Following the transaction, the director now owns 49,000 shares of the company's stock, valued at $496,370. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Venture Global Trading Down 5.7 %
Shares of VG opened at $9.67 on Friday. Venture Global, Inc. has a twelve month low of $8.62 and a twelve month high of $25.50.
Venture Global (NYSE:VG - Get Free Report) last posted its quarterly earnings results on Thursday, March 6th. The company reported $0.33 EPS for the quarter, topping analysts' consensus estimates of $0.30 by $0.03. The company had revenue of $1.52 billion during the quarter. As a group, research analysts predict 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. Stockholders of record on Monday, March 10th will be issued a $0.0165 dividend. This represents a $0.07 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date of this dividend is Monday, March 10th.
Analyst Ratings Changes
A number of brokerages recently weighed in on VG. Bank of America began coverage on shares of Venture Global in a research report on Tuesday, February 18th. They set a "buy" rating and a $23.00 target price for the company. Sanford C. Bernstein began coverage on shares of Venture Global in a research note on Tuesday, February 4th. They set a "market perform" rating and a $20.00 price target on the stock. JPMorgan Chase & Co. decreased their price target on shares of Venture Global from $25.00 to $16.00 and set an "overweight" rating on the stock in a research note on Friday, March 7th. Guggenheim decreased their price target on shares of Venture Global from $27.00 to $20.00 and set a "buy" rating on the stock in a research note on Monday. Finally, Scotiabank decreased their price target on shares of Venture Global from $17.00 to $15.00 and set a "sector perform" rating on the stock in a research note on Friday, March 7th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $17.55.
View Our Latest Research Report on VG
Venture Global Company Profile
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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.
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