Venture Global, Inc. (NYSE:VG) Director Purchases $496,370.00 in Stock

Venture Global, Inc. (NYSE:VG) Director Jimmy D. Staton acquired 49,000 shares of the stock in a transaction dated Tuesday, March 11th. The shares were bought at an average cost of $10.13 per share, with a total value of $496,370.00. Following the transaction, the director now directly owns 49,000 shares of the company’s stock, valued at $496,370. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Venture Global Price Performance

NYSE VG opened at $10.65 on Friday. Venture Global, Inc. has a 52-week low of $8.62 and a 52-week high of $25.50.

Venture Global (NYSE:VG) last posted its earnings results on Thursday, March 6th. The company reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.03. The company had revenue of $1.52 billion for the quarter. As a group, research analysts forecast that Venture Global, Inc. will post 0.52 EPS for the current year.

Venture Global Dividend Announcement

The firm 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 dividend of $0.0165 per share. This represents a $0.07 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date is Monday, March 10th.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Guggenheim reduced their target price on shares of Venture Global from $27.00 to $20.00 and set a “buy” rating for the company in a report on Monday, March 10th. Royal Bank of Canada assumed coverage on shares of Venture Global in a report on Tuesday, February 18th. They set an “outperform” rating and a $20.00 target price for the company. JPMorgan Chase & Co. reduced their target price on shares of Venture Global from $25.00 to $16.00 and set an “overweight” rating for the company in a report on Friday, March 7th. Citigroup reduced their target price on shares of Venture Global from $18.00 to $11.00 and set a “neutral” rating for the company in a report on Tuesday, March 11th. Finally, Wells Fargo & Company reduced their target price on shares of Venture Global from $18.00 to $11.00 and set an “equal weight” rating for the company in a report on Tuesday, March 11th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $17.55.

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.