Venture Global, Inc. (NYSE:VG) Director Jimmy D. Staton Buys 49,000 Shares

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

Venture Global Stock Performance

Shares of NYSE VG opened at $9.67 on Friday. Venture Global, Inc. has a 12-month low of $8.62 and a 12-month high of $25.50.

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

Venture Global Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders 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 dividend yield of 0.68%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on VG shares. JPMorgan Chase & Co. lowered their price target on shares of Venture Global from $25.00 to $16.00 and set an “overweight” rating for the company in a research report on Friday, March 7th. Scotiabank decreased their target price on shares of Venture Global from $17.00 to $15.00 and set a “sector perform” rating for the company in a report on Friday, March 7th. Citigroup decreased 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. The Goldman Sachs Group set a $20.00 target price on shares of Venture Global and gave the stock a “buy” rating in a report on Friday, March 7th. Finally, Bank of America began coverage on shares of Venture Global in a report on Tuesday, February 18th. They set a “buy” rating and a $23.00 price objective for the company. One analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.55.

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.