Venture Global Target of Unusually Large Options Trading (NYSE:VG)

Venture Global, Inc. (NYSE:VG) saw unusually large options trading on Tuesday. Investors purchased 15,347 call options on the company. This is an increase of 220% compared to the average daily volume of 4,789 call options.

Venture Global Price Performance

Shares of NYSE VG traded up $0.40 during midday trading on Tuesday, reaching $14.31. 2,543,581 shares of the company were exchanged, compared to its average volume of 7,583,643. Venture Global has a 1 year low of $13.28 and a 1 year high of $25.50.

Venture Global Dividend Announcement

The business also recently announced 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 0.46%. The ex-dividend date is Monday, March 10th.

Wall Street Analysts Forecast Growth

VG has been the topic of several research analyst reports. The Goldman Sachs Group assumed coverage on Venture Global in a research report on Tuesday, February 18th. They set a “buy” rating and a $29.00 target price on the stock. JPMorgan Chase & Co. started coverage on shares of Venture Global in a research report on Tuesday, February 18th. They set an “overweight” rating and a $25.00 price objective for the company. Sanford C. Bernstein initiated coverage on shares of Venture Global in a research report on Tuesday, February 4th. They issued a “market perform” rating and a $20.00 target price on the stock. Guggenheim began coverage on shares of Venture Global in a research report on Tuesday, February 18th. They issued a “buy” rating and a $27.00 price target for the company. Finally, Royal Bank of Canada began coverage on Venture Global in a report on Tuesday, February 18th. They set an “outperform” rating and a $20.00 price objective on the stock. One 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 company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $21.91.

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.